Applied Digital Corporation (NASDAQ:APLD) traded at $5.97 at close of the session on Monday, November 04 and made a downward move of -7.59% on its previous day’s price.
Looking at the stock we see that its previous close was $6.46 and the beta (5Y monthly) reads 4.425 with the day’s price range being $5.935 – $6.47. In terms of its 52-week price range, APLD has a high of $9.48 and a low of $2.36. The company’s stock has lost about -19.87% over that past 30 days.
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Applied Digital Corporation has a market cap of $1.23 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of -0.18, with the EPS growth for the year raised at -0.68 for current year and -0.68 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 63.68M, with a low of 59M and a high of 69M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 259.27M, or 56.60% up from figures reported last year.
On the other hand, looking at the outlook for the APLD stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy.
Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Applied Digital Corporation (APLD) stock as a Hold, while 5 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -22.40% off its SMA20 and -11.44% from its 50-day simple moving average. The RSI (14) is pointing at 36.61 while the volatility over the past week is 10.00% and jumps to 10.29% over the past one month. The beta value is 4.54, while the average true range (ATR) is currently pointing at 0.76. The average price target for the stock over the next 12 months is $10, with the estimates having a low of $7 and a high of $11. These price ends are -17.25% and -84.25% off the current price level respectively, although investors could be excited at the prospect of a -67.5% if the APLD share price touches on the median price of $10.
Coming back to Applied Digital Corporation (NASDAQ:APLD), we note that the average 3-month trading volume was 13.46 million, while that of the preceding 10-day period stands at 14.76 million. Current shares outstanding are 214.51 million.
The insiders hold 20.54% of the company’s shares while institutions hold 38.86%. The data shows that short shares as of 2024-10-15, stood at 27.41 million at a short ratio of 2.09. This represents a 1441.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 24.09 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -11.42% down in year-to-date price movement.
