In the last trading session, 15.23 million Applied Digital Corporation (NASDAQ:APLD) shares changed hands as the company’s beta touched 4.46. With the company’s per share price at $8.18 changed hands at $0.23 or 2.89% during last session, the market valuation stood at $1.75B. APLD’s last price was a discount, traded about -7.33% off its 52-week high of $8.78. The share price had its 52-week low at $2.36, which suggests the last value was 71.15% up since then. When we look at Applied Digital Corporation’s average trading volume, we note the 10-day average is 12.78 million shares, with the 3-month average coming to 11.80 million.

Analysts gave the Applied Digital Corporation (APLD) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended APLD as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Applied Digital Corporation’s EPS for the current quarter is expected to be -0.24.

Applied Digital Corporation (NASDAQ:APLD) trade information

Instantly APLD was in green as seen at the end of in last trading. With action 12.36%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 21.36%, with the 5-day performance at 12.36% in the green. However, in the 30-day time frame, Applied Digital Corporation (NASDAQ:APLD) is 47.12% up. Looking at the short shares, we see there were 26.36 million shares sold at short interest cover period of 1.17 days.

The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 18.2% from its current market value. According to analyst projections, APLD’s forecast low is 7 with 11 as the target high. To hit the forecast high, the stock’s price needs a -34.47% plunge from its current level, while the stock would need to tank 14.43% for it to hit the projected low.

Applied Digital Corporation (APLD) estimates and forecasts

Data shows that the Applied Digital Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 231.17% over the past 6 months, a 47.33% in annual growth rate that is considerably higher than the industry average of 8.60%. Year-over-year growth is forecast to reach 52.60% up from the last financial year.

Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 62.82M. 7 analysts are of the opinion that Applied Digital Corporation’s revenue for the current quarter will be 65.77M.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -65.58%. The 2024 estimates are for Applied Digital Corporation earnings to increase by 62.05%.

APLD Dividends

Applied Digital Corporation is expected to release its next quarterly earnings report in November.

Applied Digital Corporation (NASDAQ:APLD)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 20.06% of Applied Digital Corporation shares while 40.19% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 50.27%. There are 40.19% institutions holding the Applied Digital Corporation stock share, with HOOD RIVER CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 7.9029% of the shares, roughly 9.6 million APLD shares worth $57.1 million.

OASIS MANAGEMENT CO LTD. holds the second largest percentage of outstanding shares, with 5.8454% or 7.1 million shares worth $42.23 million as of 2024-06-30.