Applied Digital Corporation (NASDAQ: APLD) is -0.59% 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 $6.02 in the last trading session, with the day’s gains setting it 0.68%.
Currently trading at $6.70, the stock is 30.43% and 38.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.33 million and changing 11.30% at the moment leaves the stock 39.23% off its SMA200. APLD registered 28.85% gain for a year compared to 6-month loss of 58.02%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 63.81% gain in the last 1 month and extending the period to 3 months gives it a 10.20%, and is 13.75% 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 13.80% over the week and 16.59% over the month.
Applied Digital Corporation (APLD) has around 150 employees, a market worth around $1.44B and $165.57M in sales. Profit margin for the company is -90.34%. Distance from 52-week low is 183.90% and -22.54% from its 52-week high. The company has generated returns on investments over the last 12 months (-39.64%).
The EPS is expected to grow by 21.48% this year.
Applied Digital Corporation (APLD) Top Institutional Holders
188.0 institutions hold shares in Applied Digital Corporation (APLD), with institutional investors hold 74.65% of the company’s shares. The shares outstanding are 214.51M, and float is at 153.81M with Short Float at 12.68%. Institutions hold 55.71% 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 MILLER DOUGLAS S, the company’s Director. SEC filings show that MILLER DOUGLAS S sold 10,000 shares of the company’s common stock on Sep 05 ’24 at a price of $5.50 per share for a total of $55000.0. Following the sale, the insider now owns 0.22 million shares.
Still, SEC filings show that on Feb 20 ’24, MOORE VIRGINIA (Director) disposed off 30,000 shares at an average price of $4.74 for $0.14 million. The insider now directly holds 148,630 shares of Applied Digital Corporation (APLD).
