In the last trading session, 45.43 million Applied Digital Corporation (NASDAQ:APLD) shares changed hands as the company’s beta touched 4.51. With the company’s per share price at $9.02 changed hands at -$1.63 or -15.31% during last session, the market valuation stood at $2.01B. APLD’s last price was a discount, traded about -38.36% off its 52-week high of $12.48. The share price had its 52-week low at $2.36, which suggests the last value was 73.84% 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 red as seen at the end of in last trading. With action -0.99%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 18.06%, with the 5-day performance at -0.99% in the red. However, in the 30-day time frame, Applied Digital Corporation (NASDAQ:APLD) is -2.70% down.
The consensus price target for the stock as assigned by Wall Street analysts is 9, meaning bulls need a downside of -0.22% 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 -10.86% plunge from its current level, while the stock would need to tank 81.49% 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.
APLD Dividends
Applied Digital Corporation is expected to release its next quarterly earnings report in March.
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.
