During the last session, Applied Digital Corporation (NASDAQ:APLD)’s traded shares were 17.85 million, with the beta value of the company hitting 4.55. At the end of the trading day, the stock’s price was $7.91, reflecting an intraday gain of 4.63% or $0.35. The 52-week high for the APLD share is $11.25, that puts it down -42.23 from that peak though still a striking 70.16% gain since the share price plummeted to a 52-week low of $2.36. The company’s market capitalization is $1.76B, and the average intraday trading volume over the past 10 days was 20.62 million shares, and the average trade volume was 20.58 million shares over the past three months.
Applied Digital Corporation (APLD) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.00. APLD has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
Applied Digital Corporation (NASDAQ:APLD) trade information
Applied Digital Corporation (APLD) registered a 4.63% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 4.63% in intraday trading to $7.91, hitting a weekly high. The stock’s 5-day price performance is 0.38%, and it has moved by -7.38% in 30 days. Based on these gigs, the overall price performance for the year is 63.09%. The short interest in Applied Digital Corporation (NASDAQ:APLD) is 49.1 million shares and it means that shorts have 2.87 day(s) to cover.
The consensus price target of analysts on Wall Street is $9, which implies an increase of 12.11% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1.67 and $10 respectively. As a result, APLD is trading at a discount of -26.42% off the target high and 78.89% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -65.58%. While earnings are projected to return 47.67% in 2025, the next five years will return 0.38% per annum.
APLD Dividends
Applied Digital Corporation is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 7.1 million shares, is of OASIS MANAGEMENT CO LTD.’s that is approximately 5.8454% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $42.23 million.
Also, the Mutual Funds coming in first place with the largest holdings of Applied Digital Corporation (APLD) shares are Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund . Data provided on Oct 31, 2024 indicates that Roxbury/Hood River Small Cap Growth Fund owns about 9.08 shares. This amounts to just over 4.07 percent of the company’s overall shares, with a $71.84 million market value. The same data shows that the other fund manager holds slightly less at 3.54, or about 1.59% of the stock, which is worth about $27.99 million.
