Applied Digital Corporation (NASDAQ:APLD) has a beta value of 4.58 and has seen 10.59 million shares traded in the last trading session. The company, currently valued at $1.85B, closed the last trade at $8.90 per share which meant it lost -$0.13 on the day or -1.49% during that session. The APLD stock price is -26.4% off its 52-week high price of $11.25 and 73.48% above the 52-week low of $2.36. If we look at the company’s 10-day average daily trading volume, we find that it stood at 17.68 million shares traded. The 3-month trading volume is 15.21 million shares.
The consensus among analysts is that Applied Digital Corporation (APLD) is Buy stock at the moment, with a recommendation rating of 1.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 5 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.12.
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Applied Digital Corporation (NASDAQ:APLD) trade information
Sporting -1.49% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the APLD stock price touched $8.90 or saw a rise of 20.18%. Year-to-date, Applied Digital Corporation shares have moved 32.05%, while the 5-day performance has seen it change -16.59%. Over the past 30 days, the shares of Applied Digital Corporation (NASDAQ:APLD) have changed 24.13%. Short interest in the company has seen 42.82 million shares shorted with days to cover at 2.5.
Wall Street analysts have a consensus price target for the stock at $9, which means that the shares’ value could jump 1.11% from current levels. The projected low price target is $1.67 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -12.36% off the targeted high while a plunge would see the stock lose 81.24% from current levels.
Applied Digital Corporation (APLD) estimates and forecasts
Figures show that Applied Digital Corporation shares have outperformed across the wider relevant industry. The company’s shares have gained 91.40% over the past 6 months, with this year growth rate of 69.47%, compared to 8.00% for the industry. Revenue growth from the last financial year stood is estimated to be 52.43%.
6 analysts offering their estimates for the company have set an average revenue estimate of 62.63M for the current quarter. 5 have an estimated revenue figure of 62.78M for the next ending quarter. Year-ago sales stood 42.2M and 43.35M respectively for this quarter and the next, and analysts expect sales will grow by 48.40% for the current quarter and 52.43% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -65.58% over the past 5 years.
APLD Dividends
Applied Digital Corporation is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Applied Digital Corporation (NASDAQ:APLD)’s Major holders
Insiders own 20.79% of the company shares, while shares held by institutions stand at 65.26% with a share float percentage of 82.39%. Investors are also buoyed by the number of investors in a company, with Applied Digital Corporation having a total of 230.0 institutions that hold shares in the company. The top two institutional holders are HOOD RIVER CAPITAL MANAGEMENT LLC with over 9.6 million shares worth more than $57.1 million. As of 2024-06-30, HOOD RIVER CAPITAL MANAGEMENT LLC held 7.9029% of shares outstanding.
The other major institutional holder is OASIS MANAGEMENT CO LTD., with the holding of over 7.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $42.23 million and represent 5.8454% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund . As of Oct 31, 2024 , the former fund manager holds about 4.30% shares in the company for having 9.08 shares of worth $80.83 million while later fund manager owns 3.54 shares of worth $31.49 million as of Sep 30, 2024 , which makes it owner of about 1.68% of company’s outstanding stock.
