In last trading session, Applied Digital Corporation (NASDAQ:APLD) saw 4.01 million shares changing hands with its beta currently measuring 4.10. Company’s recent per share price level of $2.99 trading at $0.14 or 4.91% at ring of the bell on the day assigns it a market valuation of $364.93M. That closing price of APLD’s stock is at a discount of -288.63% from its 52-week high price of $11.62 and is indicating a premium of 21.4% from its 52-week low price of $2.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.6 million shares which gives us an average trading volume of 3.49 million if we extend that period to 3-months.
Applied Digital Corporation (NASDAQ:APLD) trade information
Upright in the green during last session for gaining 4.91%, in the last five days APLD remained trading in the red while hitting it’s week-highest on Thursday, 04/04/24 when the stock touched $2.99 price level, adding 16.48% to its value on the day. Applied Digital Corporation’s shares saw a change of -55.64% in year-to-date performance and have moved -10.21% in past 5-day. Applied Digital Corporation (NASDAQ:APLD) showed a performance of -28.81% in past 30-days. Number of shares sold short was 19.22 million shares which calculate 6 days to cover the short interests.
Applied Digital Corporation (APLD) estimates and forecasts
Statistics highlight that Applied Digital Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -37.84% of value to its shares in past 6 months, showing an annual growth rate of 2.04% while that of industry is 10.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 12.50% in the current quarter and calculating 42.90% increase in the next quarter. This year revenue growth is estimated to rise 282.00% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $51.92 million for the same. And 7 analysts are in estimates of company making revenue of $81.17 million in the next quarter that will end on May 2024.
APLD Dividends
Applied Digital Corporation is more likely to be releasing its next quarterly report on April 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Applied Digital Corporation (NASDAQ:APLD)’s Major holders
Insiders are in possession of 27.76% of company’s total shares while institution are holding 56.86 percent of that, with stock having share float percentage of 78.71%. Investors also watch the number of corporate investors in a company very closely, which is 56.86% institutions for Applied Digital Corporation that are currently holding shares of the company. Hood River Capital Management LLC is the top institutional holder at APLD for having 8.58 million shares of worth $25.67 million. And as of Dec 30, 2023, it was holding 7.03% of the company’s outstanding shares.
The second largest institutional holder is Capital Research Global Investors, which was holding about 7.34 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 6.01% of outstanding shares, having a total worth of $21.94 million.
On the other hand, Smallcap World Fund and Roxbury/Hood River Small Cap Growth Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 6.82 million shares of worth $20.39 million or 5.59% of the total outstanding shares. The later fund manager was in possession of 4.27 million shares on Jan 30, 2024, making its stake of worth around $12.76 million in the company or a holder of 3.50% of company’s stock.
