In recent trading session, Applied Digital Corporation (NASDAQ:APLD) saw 1.07 million shares changing hands at last check today with its beta currently measuring 4.48. Company’s recent per share price level of $4.58 trading at $0.13 or 3.04% at last check today assigns it a market valuation of $671.20M. That most recent trading price of APLD’s stock is at a discount of -141.7% from its 52-week high price of $11.07 and is indicating a premium of 48.47% from its 52-week low price of $2.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.08 million shares which gives us an average trading volume of 5.32 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 5 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 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
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Applied Digital Corporation (NASDAQ:APLD) trade information
Upright in the green today for gaining 3.04%, in the last five days APLD remained trading in the red while hitting it’s week-highest on Monday, 07/22/24 when the stock touched $4.58 price level, adding 21.58% to its value on the day. Applied Digital Corporation’s shares saw a change of -32.05% in year-to-date performance and have moved -19.93% in past 5-day. Applied Digital Corporation (NASDAQ:APLD) showed a performance of -24.05% in past 30-days. Number of shares sold short was 18.38 million shares which calculate 2.21 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 9 to the stock, which implies a rise of 49.11% to its recent value today. 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 -52.84% in reaching the projected high whereas dropping to the targeted low would mean a loss of -52.84% 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 -11.07% of value to its shares in past 6 months, showing an annual growth rate of -100.00% while that of industry is 10.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024.
Applied Digital Corporation (NASDAQ:APLD)’s Major holders
Insiders are in possession of 27.26% of company’s total shares while institution are holding 44.46 percent of that, with stock having share float percentage of 61.12%. Investors also watch the number of corporate investors in a company very closely, which is 44.46% 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 million shares of worth $37.77 million. And as of 2024-03-31, it was holding 7.2674 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 6.18 million shares on 2024-03-31. The number of shares represents firm’s hold over 5.0863 of outstanding shares, having a total worth of $26.43 million.
