Applied Digital Corporation (NASDAQ: APLD) is -27.00% lower on its value in year-to-date trading and has touched a low of $2.36 and a high of $8.65 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The APLD stock was last observed hovering at around $4.55 in the last trading session, with the day’s gains setting it 0.37%.
Currently trading at $4.92, the stock is 18.98% and -4.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.88 million and changing 8.13% at the moment leaves the stock 3.32% off its SMA200. APLD registered -17.59% loss for a year compared to 6-month gain of 14.42%.
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The stock witnessed a 10.81% loss in the last 1 month and extending the period to 3 months gives it a 6.72%, and is 19.71% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.79% over the week and 9.20% over the month.
Applied Digital Corporation (APLD) has around 121 employees, a market worth around $721.03M and $143.91M in sales. Profit margin for the company is -63.44%. Distance from 52-week low is 108.47% and -43.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-31.05%).
with sales reaching $37.61M over the same period.The EPS is expected to shrink by -74.05% this year, but quarterly earnings will post 187.00% year-over-year. Quarterly sales are estimated to grow 70.70% in year-over-year returns.
Applied Digital Corporation (APLD) Top Institutional Holders
187.0 institutions hold shares in Applied Digital Corporation (APLD), with institutional investors hold 82.25% of the company’s shares. The shares outstanding are 146.55M, and float is at 105.17M with Short Float at 16.39%. Institutions hold 59.81% of the Float.
The top institutional shareholder in the company is HOOD RIVER CAPITAL MANAGEMENT LLC with over 9.6 million shares valued at $57.1 million. The investor’s holdings represent 7.9029% of the APLD Shares outstanding. As of 2024-06-30, the second largest holder is OASIS MANAGEMENT CO LTD. with 7.1 million shares valued at $42.23 million to account for 5.8454 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 6.71 million shares representing 5.524% and valued at over $39.91 million, while BLACKROCK INC. holds 5.232 of the shares totaling 6.35 million with a market value of $37.8 million.
Applied Digital Corporation (APLD) Insider Activity
The most recent transaction is an insider sale by MOORE VIRGINIA, the company’s Director. SEC filings show that MOORE VIRGINIA sold 30,000 shares of the company’s common stock on Feb 20 ’24 at a price of $4.74 per share for a total of $0.14 million. Following the sale, the insider now owns 0.15 million shares.
Applied Digital Corporation disclosed in a document filed with the SEC on Nov 28 ’23 that MOORE VIRGINIA (Director) sold a total of 45,000 shares of the company’s common stock. The trade occurred on Nov 28 ’23 and was made at $4.72 per share for $0.21 million. Following the transaction, the insider now directly holds 0.19 million shares of the APLD stock.
Still, SEC filings show that on Nov 27 ’23, MOORE VIRGINIA (Director) disposed off 30,000 shares at an average price of $4.64 for $0.14 million. The insider now directly holds 238,630 shares of Applied Digital Corporation (APLD).
