Applied Digital Corporation (NASDAQ: APLD) is 12.46% higher on its value in year-to-date trading and has touched a low of $2.36 and a high of $9.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APLD stock was last observed hovering at around $7.56 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $7.58, the stock is -1.08% and 7.70% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.26 million and changing 0.26% at the moment leaves the stock 50.52% off its SMA200. APLD registered 59.58% gain for a year compared to 6-month gain of 117.82%. The firm has a 50-day simple moving average (SMA 50) of $6.9592 and a 200-day simple moving average (SMA200) of $5.0232.
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 4.12% loss in the last 1 month and extending the period to 3 months gives it a 91.90%, and is 26.97% 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 9.89% over the week and 9.88% over the month.
Applied Digital Corporation (APLD) has around 150 employees, a market worth around $1.58B and $189.95M in sales. Profit margin for the company is -74.97%. Distance from 52-week low is 221.19% and -20.04% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.84%).
with sales reaching $63.39M over the same period.The EPS is expected to grow by 64.12% this year, but quarterly earnings will post 61.80% year-over-year.
Applied Digital Corporation (APLD) Top Institutional Holders
199.0 institutions hold shares in Applied Digital Corporation (APLD), with institutional investors hold 53.84% of the company’s shares. The shares outstanding are 214.51M, and float is at 170.45M with Short Float at 16.08%. Institutions hold 43.21% 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
#####
Applied Digital Corporation disclosed in a document filed with the SEC on Oct 17 ’24 that Nottenburg Richard N (Director) sold a total of 30,000 shares of the company’s common stock. The trade occurred on Oct 17 ’24 and was made at $8.01 per share for $0.24 million. Following the transaction, the insider now directly holds 0.4 million shares of the APLD stock.
Still, SEC filings show that on Oct 17 ’24, MILLER DOUGLAS S (Director) disposed off 10,000 shares at an average price of $8.01 for $80130.0. The insider now directly holds 208,506 shares of Applied Digital Corporation (APLD).
