Applied Digital Corporation [NASDAQ: APLD] traded at a high on Friday, posting a 4.62 gain after which it closed the day’ session at $10.65.
The results of the trading session contributed to over 64481393 shares changing hands. Over the past one week, the price volatility of Applied Digital Corporation stands at 11.56% while the volatility over the past one month is 10.61%.
The market cap for APLD stock reached $2.37 billion, with 216.56 million shares outstanding and 161.57 million shares in the current float. Compared to the average trading volume of 21.53M shares, APLD reached a trading volume of 64481393 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 $12.44 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.
Compass Point have made an estimate for Applied Digital Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 28, 2025. While these analysts kept the previous recommendation, Cantor Fitzgerald raised their target price to Overweight. The new note on the price target was released on December 20, 2024, representing the official price target for Applied Digital Corporation stock. Previously, the target price had yet another raise to $14, while ROTH MKM analysts kept a Buy rating on APLD stock.
The Average True Range (ATR) for Applied Digital Corporation is set at 0.94, with the Price to Sales ratio for APLD stock in the period of the last 12 months amounting to 11.22. The Price to Book ratio for the last quarter was 5.31, with the Price to Cash per share for the same quarter was set at 1.38.
How has APLD stock performed recently?
Applied Digital Corporation [APLD] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 34.64. With this latest performance, APLD shares gained by 10.48% in over the last four-week period, additionally plugging by 164.27% over the last 6 months – not to mention a rise of 125.16% 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 67.74, with the RSI for the last a single of trading hit 76.84, and the three-weeks RSI is set at 62.35 for Applied Digital Corporation [APLD]. The present Moving Average for the last 50 days of trading for this stock 8.52, while it was recorded at 9.90 for the last single week of trading, and 6.64 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 0.77 and a Current Ratio set at 0.77.
Earnings analysis for Applied Digital Corporation [APLD]
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Applied Digital Corporation go to 0.38%.
Insider trade positions for Applied Digital Corporation [APLD]
The top three institutional holders of APLD stocks are: HOOD RIVER CAPITAL MANAGEMENT LLC with ownership of 9.6 million shares, which is approximately 8.4132%. 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%.
