In the last trading session, 64.48 million Applied Digital Corporation (NASDAQ:APLD) shares changed hands as the company’s beta touched 4.54. With the company’s per share price at $10.65 changed hands at $0.47 or 4.62% during last session, the market valuation stood at $2.37B. APLD’s last price was a discount, traded about -5.63% off its 52-week high of $11.25. The share price had its 52-week low at $2.36, which suggests the last value was 77.84% up since then.
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 -0.1.
Applied Digital Corporation (NASDAQ:APLD) trade information
Instantly APLD was in green as seen at the end of in last trading. With action 34.64%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 39.40%, with the 5-day performance at 34.64% in the green. However, in the 30-day time frame, Applied Digital Corporation (NASDAQ:APLD) is 10.48% up.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need a downside of -18.33% from its current market value. According to analyst projections, APLD’s forecast low is 1.67 with 10 as the target high. To hit the forecast high, the stock’s price needs a 6.1% surge from its current level, while the stock would need to tank 84.32% for it to hit the projected low.
Applied Digital Corporation (APLD) estimates and forecasts
Year-over-year growth is forecast to reach 54.78% 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 62.91M. 7 analysts are of the opinion that Applied Digital Corporation’s revenue for the current quarter will be 68.8M. The company’s revenue for the corresponding quarters a year ago was 43.35M and 43.7M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 45.13%. The estimates for the next quarter sales put growth at 57.43%.
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 2025 estimates are for Applied Digital Corporation earnings to increase by 47.67%, but the outlook for the next 5-year period is at 0.38% per year.
Applied Digital Corporation (NASDAQ:APLD)’s Major holders
OASIS MANAGEMENT CO LTD. holds the second largest percentage of outstanding shares, with 6.2229% or 7.1 million shares worth $42.23 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were Roxbury/Hood River Small Cap Growth Fund and Vanguard Total Stock Market Index Fund. With 9.08 shares estimated at $96.72 million under it, the former controlled 4.07% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 1.59% of the shares, roughly 3.54 shares worth around $37.69 million.
