Applied Digital Corporation (NASDAQ:APLD)’s traded shares stood at 3.37 million during the latest session, with the company’s beta value hitting 4.29. At the last check today, the stock’s price was $5.95, to imply an increase of 1.45% or $0.08 in intraday trading. The APLD share’s 52-week high remains $8.65, putting it -45.38% down since that peak but still an impressive 60.34% since price per share fell to its 52-week low of $2.36. The company has a valuation of $937.56M, with an average of 30.58 million shares in intraday trading volume over the past 10 days and average of 9.75 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Applied Digital Corporation (APLD), translating to a mean rating of 1.00. Of 5 analyst(s) looking at the stock, 0 analyst(s) give APLD a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 5 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.31.
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Applied Digital Corporation (NASDAQ:APLD) trade information
After registering a 1.45% upside in the latest session, Applied Digital Corporation (APLD) has traded red over the past five days. The 5-day price performance for the stock is 10.89%, and 50.76% over 30 days. With these gigs, the year-to-date price performance is -11.65%. Short interest in Applied Digital Corporation (NASDAQ:APLD) saw shorts transact 18.22 million shares and set a 4.11 days time to cover.
The extremes give us $7 and $12 for target low and target high price respectively. As such, APLD has been trading -101.68% off suggested target high and -17.65% from its likely low.
Applied Digital Corporation (APLD) estimates and forecasts
Looking at statistics comparing Applied Digital Corporation share performance against respective industry, we note that the company has outperformed competitors. Applied Digital Corporation (APLD) shares are 29.18% up over the last 6 months, with its year-to-date growth rate higher than industry average at 22.14% against 8.70%. Revenue is forecast to shrink -158.30% this quarter before falling -230.00% for the next one. The rating firms project that company’s revenue will grow 57.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is 53.89M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 61.75M.
APLD Dividends
Applied Digital Corporation has its next earnings report out on 2024-Oct-07. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Applied Digital Corporation (NASDAQ:APLD)’s Major holders
Applied Digital Corporation insiders hold 25.37% of total outstanding shares, with institutional holders owning 55.71% of the shares at 74.65% float percentage. In total, 55.71% institutions holds shares in the company, led by HOOD RIVER CAPITAL MANAGEMENT LLC. As of 2024-06-30, the company held over 9.6 million shares (or 7.9029% of shares), all amounting to roughly $57.1 million.
The next major institution holding the largest number of shares is OASIS MANAGEMENT CO LTD. with 7.1 million shares, or about 5.8454% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $42.23 million.
We also have Roxbury/Hood River Small Cap Growth Fund and iShares Russell 2000 ETF as the top two Mutual Funds with the largest holdings of the Applied Digital Corporation (APLD) shares. Going by data provided on Jul 31, 2024, Roxbury/Hood River Small Cap Growth Fund holds roughly 4.97 shares. This is just over 3.16% of the total shares, with a market valuation of $28.88 million. Data from the same date shows that the other fund manager holds a little less at 2.69, or 1.71% of the shares, all valued at about 15.62 million.
