Applied Digital (APLD) Stock Price, News & Analysis

Company Overview

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.

Key Stats

• Today's Range: $5.82 to $6.55
• 50-Day Range: $3.15 to $6.81
• 52-Week Range: $2.36 to $8.65
• Volume: 7.27 million shs
• Average Volume: 5.99 million shs
• Market Capitalization: $805.42 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $8.40
• Consensus Rating: Buy

Applied Digital Stock Analysis - MarketRank™

Applied Digital scored higher than 67% of companies evaluated by MarketBeat, and ranked 447th out of 908 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Applied Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Applied Digital has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Applied Digital are expected to decrease in the coming year, from ($1.02) to ($1.30) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Applied Digital is -7.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Applied Digital is -7.46, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Applied Digital has a P/B Ratio of 6.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

17.27% of the float of Applied Digital has been sold short.

Short Interest Ratio / Days to Cover

Applied Digital has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Applied Digital has recently increased by 7.03%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Applied Digital does not currently pay a dividend.

Dividend Growth

Applied Digital does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

17.27% of the float of Applied Digital has been sold short.

Short Interest Ratio / Days to Cover

Applied Digital has a short interest ratio ("days to cover") of 2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Applied Digital has recently increased by 7.03%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.8 / 5
• News Sentiment: 0.77

News Sentiment

Applied Digital has a news sentiment score of 0.77. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 15 news articles for Applied Digital this week, compared to 4 articles on an average week.

Search Interest

75 people have searched for APLD on MarketBeat in the last 30 days. This is an increase of 39% compared to the previous 30 days.

MarketBeat Follows

22 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is an increase of 83% compared to the previous 30 days.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Applied Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $55,000.00 in company stock.

Percentage Held by Insiders

20.50% of the stock of Applied Digital is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

65.67% of the stock of Applied Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

APLD Stock Analysis - Frequently Asked Questions

How have APLD shares performed this year?

Applied Digital's stock was trading at $6.74 at the beginning of 2024. Since then, APLD stock has decreased by 12.6% and is now trading at $5.89.
View the best growth stocks for 2024 here.

How were Applied Digital's earnings last quarter?

Applied Digital Co. (NASDAQ:APLD) issued its quarterly earnings data on Wednesday, August, 28th. The company reported ($0.52) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by $0.29. The business earned $43.70 million during the quarter, compared to analysts' expectations of $42.70 million. Applied Digital had a negative net margin of 88.95% and a negative trailing twelve-month return on equity of 111.80%.

When did Applied Digital IPO?

Applied Digital (APLD) raised $40 million in an IPO on Wednesday, April 13th 2022. The company issued 8,000,000 shares at $5.00 per share.

Who are Applied Digital's major shareholders?

Top institutional investors of Applied Digital include Hood River Capital Management LLC (6.99%), Van ECK Associates Corp (2.09%), 272 Capital LP (1.19%) and B. Riley Wealth Advisors Inc. (0.56%). Insiders that own company stock include Douglas S Miller and Virginia Moore.
View institutional ownership trends.

How do I buy shares of Applied Digital?

Shares of APLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/28/2024
• Today: 9/19/2024
• Next Earnings (Estimated): 10/14/2024
• Fiscal Year End: 5/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:APLD
• CUSIP: N/A
• CIK: 1144879
• Web: applieddigital.com
• Phone: 214-427-1704
• Fax: 865-777-3767
• Employees: 121
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $8.40
• High Stock Price Target: $11.00
• Low Stock Price Target: $5.00
• Potential Upside/Downside: +38.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.79)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-149,270,000.00
• Net Margins: -88.95%
• Pretax Margin: -90.34%
• Return on Equity: -111.80%
• Return on Assets: -26.35%

Debt

• Debt-to-Equity Ratio: 1.14
• Current Ratio: 0.08
• Quick Ratio: 0.08

Sales & Book Value

• Annual Sales: $165.58 million
• Price / Sales: 5.03
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.91 per share
• Price / Book: 6.67

Miscellaneous

• Outstanding Shares: 137,209,000
• Free Float: 109,081,000
• Market Cap: $832.86 million
• Optionable: Optionable
• Beta: 4.51