Applied Digital Corporation (NASDAQ:APLD)’s traded shares stood at 10.16 million during the last session, with the company’s beta value hitting 4.62. At the close of trading, the stock’s price was $8.77, to imply an increase of 10.73% or $0.85 in intraday trading. The APLD share’s 52-week high remains $11.25, putting it -28.28% down since that peak but still an impressive 73.09% since price per share fell to its 52-week low of $2.36. The company has a valuation of $2.05B, with an average of 17.12 million shares in intraday trading volume over the past 10 days and average of 15.74 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 -0.14.
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Applied Digital Corporation (NASDAQ:APLD) trade information
After registering a 10.73% upside in the last session, Applied Digital Corporation (APLD) has traded red over the past five days. The 5-day price performance for the stock is -10.01%, and -11.47% over 30 days. With these gigs, the year-to-date price performance is 29.38%. Short interest in Applied Digital Corporation (NASDAQ:APLD) saw shorts transact 42.82 million shares and set a 2.5 days time to cover.
The extremes give us $1.67 and $10 for target low and target high price respectively. As such, APLD has been trading -14.03% off suggested target high and 80.96% 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 44.61% up over the last 6 months, with its year-to-date growth rate higher than industry average at 69.47% against 7.80%. The rating firms project that company’s revenue will grow 50.67% compared to the previous financial year.
Revenue forecast for the current quarter as set by 7 analysts is 61.61M. Meanwhile, for the current quarter, a total of 6 analyst(s) estimate revenue growth to 62.21M.Earnings reports from the last fiscal year show that sales brought in 42.2M and 43.35M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 45.98% before jumping 43.52% in the following quarter.
APLD Dividends
Applied Digital Corporation has its next earnings report out in January. 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 20.79% of total outstanding shares, with institutional holders owning 65.27% of the shares at 82.39% float percentage. In total, 65.27% 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.
