Applied Digital Corporation [APLD] is 114.13% higher this YTD. Is it still time to buy?

Applied Digital Corporation [NASDAQ: APLD] traded at a low on 11/13/23, posting a -15.99 loss after which it closed the day’ session at $3.94. The company report on November 13, 2023 at 8:05 AM that Applied Digital Announces Upcoming Investor Events.

Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, today announced its participation at the following financial conferences:.

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12th Annual ROTH MKM New York Technology ConferenceThe 12th Annual ROTH MKM New York Technology Conference is being held on November 15th at The Yale Club in New York, NY. Applied Digital management will be hosting one-on-one meetings with investors throughout the conference.

The results of the trading session contributed to over 9163547 shares changing hands. Over the past one week, the price volatility of Applied Digital Corporation stands at 12.92% while the volatility over the past one month is 9.01%.

The market cap for APLD stock reached $417.05 million, with 95.93 million shares outstanding and 69.16 million shares in the current float. Compared to the average trading volume of 3.32M shares, APLD reached a trading volume of 9163547 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Applied Digital Corporation [APLD]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APLD shares is $15.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APLD stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

ROTH MKM have made an estimate for Applied Digital Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 03, 2023.

The Average True Range (ATR) for Applied Digital Corporation is set at 0.47, with the Price to Sales ratio for APLD stock in the period of the last 12 months amounting to 4.92. The Price to Book ratio for the last quarter was 3.26, with the Price to Cash per share for the same quarter was set at 0.29.

How has APLD stock performed recently?

Applied Digital Corporation [APLD] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -26.49. With this latest performance, APLD shares dropped by -23.20% in over the last four-week period, additionally plugging by 15.37% over the last 6 months – not to mention a rise of 87.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APLD stock in for the last two-week period is set at 32.44, with the RSI for the last a single of trading hit 25.96, and the three-weeks RSI is set at 36.20 for Applied Digital Corporation [APLD]. The present Moving Average for the last 50 days of trading for this stock 5.21, while it was recorded at 4.69 for the last single week of trading, and 5.40 for the last 200 days.

Applied Digital Corporation [APLD]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Applied Digital Corporation [APLD] shares currently have an operating margin of -79.53 and a Gross Margin at +19.87. Applied Digital Corporation’s Net Margin is presently recorded at -80.60.

Return on Total Capital for APLD is now -34.52, given the latest momentum, and Return on Invested Capital for the company is -40.26. Return on Equity for this stock declined to -67.76, with Return on Assets sitting at -22.63. When it comes to the capital structure of this company, Applied Digital Corporation [APLD] has a Total Debt to Total Equity ratio set at 155.94. Additionally, APLD Total Debt to Total Capital is recorded at 60.93, with Total Debt to Total Assets ending up at 34.43. Long-Term Debt to Equity for the company is recorded at 132.43, with the Long-Term Debt to Total Capital now at 51.74.

Reflecting on the efficiency of the workforce at the company, Applied Digital Corporation [APLD] managed to generate an average of -$368,975 per employee. Receivables Turnover for the company is 358.52 with a Total Asset Turnover recorded at a value of 0.28.Applied Digital Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.22 and a Current Ratio set at 0.22.

Insider trade positions for Applied Digital Corporation [APLD]

The top three institutional holders of APLD stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in APLD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in APLD stock with ownership which is approximately 5.7994%.