In recent trading session, Applied Digital Corporation (NASDAQ:APLD) saw 5.01 million shares changing hands at last check today with its beta currently measuring 4.67. Company’s recent per share price level of $8.23 trading at -$0.47 or -5.40% at last check today assigns it a market valuation of $1.74B. That most recent trading price of APLD’s stock is at a discount of -36.7% from its 52-week high price of $11.25 and is indicating a premium of 71.32% 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 14.21 million shares which gives us an average trading volume of 16.03 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. The company is expected to be making an EPS of -0.14 in the current quarter.
Applied Digital Corporation (NASDAQ:APLD) trade information
Upright in the red during last session for losing -5.40%, in the last five days APLD remained trading in the green while hitting it’s week-highest on Monday, 01/06/25 when the stock touched $8.23 price level, adding 19.31% to its value on the day. Applied Digital Corporation’s shares saw a change of 7.79% in year-to-date performance and have moved 5.58% in past 5-day. Applied Digital Corporation (NASDAQ:APLD) showed a performance of -13.50% in past 30-days. Number of shares sold short was 42.79 million shares which calculate 2.3 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 8.56% to its recent value today. Analysts have been projecting 1.67 as a low price target for the stock while placing it at a high target of 10. It follows that stock’s current price would jump 79.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 79.71% for stock’s current value.
Applied Digital Corporation (APLD) estimates and forecasts
Statistics highlight that Applied Digital Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 40.05% of value to its shares in past 6 months, showing an annual growth rate of 69.47% while that of industry is 8.00. Apart from that, the company came raising its revenue forecast for fiscal year 2025. This year revenue growth is estimated to rise 50.67% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 61.61M for the same. And 6 analysts are in estimates of company making revenue of 62.21M in the next quarter. Company posted 42.2M and 43.35M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -65.58% during past 5 years.
Applied Digital Corporation (NASDAQ:APLD)’s Major holders
Insiders are in possession of 20.85% of company’s total shares while institution are holding 66.41 percent of that, with stock having share float percentage of 83.91%. Investors also watch the number of corporate investors in a company very closely, which is 66.41% 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 9.6 million shares of worth $57.1 million. And as of 2024-06-30, it was holding 7.9029 of the company’s outstanding shares.
The second largest institutional holder is OASIS MANAGEMENT CO LTD., which was holding about 7.1 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.8454 of outstanding shares, having a total worth of $42.23 million.
On the other hand, Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Oct 31, 2024, the former fund manager was holding 9.08 shares of worth $75.2 million or 4.30% of the total outstanding shares. The later fund manager was in possession of 3.54 shares on Sep 30, 2024, making its stake of worth around $29.3 million in the company or a holder of 1.68% of company’s stock.
