Applied Digital Corporation [NASDAQ: APLD] traded at a high on Thursday, posting a 4.17 gain after which it closed the day’ session at $4.00.
The results of the trading session contributed to over 4349600 shares changing hands. Over the past one week, the price volatility of Applied Digital Corporation stands at 7.40% while the volatility over the past one month is 10.13%.
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The market cap for APLD stock reached $586.20 million, with 146.55 million shares outstanding and 105.17 million shares in the current float. Compared to the average trading volume of 5.51M shares, APLD reached a trading volume of 4349600 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 $9.14 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. While these analysts kept the previous recommendation, H.C. Wainwright raised their target price to Buy. The new note on the price target was released on December 22, 2022, representing the official price target for Applied Digital Corporation stock. Previously, the target price had yet another raise to $6, while DA Davidson analysts kept a Buy rating on APLD stock.
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 4.07. The Price to Book ratio for the last quarter was 4.13, with the Price to Cash per share for the same quarter was set at 0.23.
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 -3.38. With this latest performance, APLD shares dropped by -35.48% in over the last four-week period, additionally sinking by -15.25% over the last 6 months – not to mention a drop of -39.02% 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 41.68, with the RSI for the last a single of trading hit 41.31, and the three-weeks RSI is set at 43.43 for Applied Digital Corporation [APLD]. The present Moving Average for the last 50 days of trading for this stock 5.16, while it was recorded at 3.93 for the last single week of trading, and 4.79 for the last 200 days.
Applied Digital Corporation [APLD]: Deeper insight into the fundamentals
Applied Digital Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.30 and a Current Ratio set at 0.30.
Earnings analysis for Applied Digital Corporation [APLD]
With the latest financial reports released by the company, Applied Digital Corporation posted -0.07/share EPS, while the average EPS was predicted by analysts to be reported at -0.04/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APLD.
Insider trade positions for Applied Digital Corporation [APLD]
The top three institutional holders of APLD stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in APLD stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in APLD stock with ownership which is approximately 5.1238%.
