In last trading session, Applied Digital Corporation (NASDAQ:APLD) saw 3.14 million shares changing hands with its beta currently measuring 4.43. Company’s recent per share price level of $6.71 trading at $0.37 or 5.84% at ring of the bell on the day assigns it a market valuation of $975.43M. That closing price of APLD’s stock is at a discount of -64.98% from its 52-week high price of $11.07 and is indicating a premium of 64.83% from its 52-week low price of $2.36. Taking a look at company’s average trading volume volume of 4.99 million if we extend that period to 3-months.
For Applied Digital Corporation (APLD), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.25 in the current quarter.
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Applied Digital Corporation (NASDAQ:APLD) trade information
Upright in the green during last session for gaining 5.84%, in the last five days APLD remained trading in the green while hitting it’s week-highest on Wednesday, 07/03/24 when the stock touched $6.71 price level, adding 2.61% to its value on the day. Applied Digital Corporation’s shares saw a change of -0.45% in year-to-date performance and have moved 11.28% in past 5-day. Applied Digital Corporation (NASDAQ:APLD) showed a performance of 69.44% in past 30-days.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 25.44% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would drop -4.32% in reaching the projected high whereas dropping to the targeted low would mean a loss of -4.32% for stock’s current value.
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 -3.59% of value to its shares in past 6 months, showing an annual growth rate of -110.20% while that of industry is 10.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 172.30% 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 29.47M for the same. And 3 analysts are in estimates of company making revenue of 52.36M in the next quarter.
APLD Dividends
Applied Digital Corporation is more likely to be releasing its next quarterly report in August 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 28.50% of company’s total shares while institution are holding 49.79 percent of that, with stock having share float percentage of 69.63%. Investors also watch the number of corporate investors in a company very closely, which is 49.79% 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 8.82 shares of worth $59.74 million. And as of Mar 31, 2024, it was holding 6.43% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group Inc, which was holding about 6.18 shares on Mar 31, 2024. The number of shares represents firm’s hold over 4.50% of outstanding shares, having a total worth of $41.81 million.
On the other hand, Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 30, 2024, the former fund manager was holding 4.64 shares of worth $31.44 million or 3.38% of the total outstanding shares. The later fund manager was in possession of 2.13 shares on Mar 31, 2024, making its stake of worth around $14.42 million in the company or a holder of 1.55% of company’s stock.
