Applied Digital Corporation [NASDAQ: APLD] loss -4.77% or -0.41 points to close at $8.29 with a heavy trading volume of 14153823 shares.
The daily chart for APLD points out that the company has recorded 40.99% gains over the past six months.
If we look at the average trading volume of 16.03M shares, APLD reached to a volume of 14153823 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $11.62 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.
Cantor Fitzgerald have made an estimate for Applied Digital Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 20, 2024. While these analysts kept the previous recommendation, ROTH MKM raised their target price to Buy. The new note on the price target was released on October 03, 2023, representing the official price target for Applied Digital Corporation stock. Previously, the target price had yet another raise to $4, while H.C. Wainwright analysts kept a Buy rating on APLD stock.
The Average True Range (ATR) for Applied Digital Corporation is set at 0.93, with the Price to Sales ratio for APLD stock in the period of the last 12 months amounting to 9.22. The Price to Book ratio for the last quarter was 5.40, with the Price to Cash per share for the same quarter was set at 0.38.
Trading performance analysis for APLD stock
Applied Digital Corporation [APLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 6.28. With this latest performance, APLD shares dropped by -12.92% in over the last four-week period, additionally plugging by 40.99% over the last 6 months – not to mention a drop of -2.70% 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 46.75, with the RSI for the last a single of trading hit 44.84, and the three-weeks RSI is set at 48.24 for Applied Digital Corporation [APLD]. The present Moving Average for the last 50 days of trading for this stock 8.53, while it was recorded at 9.06 for the last single week of trading, and 5.91 for the last 200 days.
Applied Digital Corporation [APLD]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at Applied Digital Corporation [APLD]
There are presently around $66.41%, or 83.91%% of APLD stock, in the hands of institutional investors. The top three institutional holders of APLD stocks are: HOOD RIVER CAPITAL MANAGEMENT LLC with ownership of 9.6 million shares, which is approximately 7.9029%. OASIS MANAGEMENT CO LTD., holding 7.1 million shares of the stock with an approximate value of $$42.23 million in APLD stocks shares; and OASIS MANAGEMENT CO LTD., currently with $$39.91 million in APLD stock with ownership which is approximately 5.524%.
