Applied Digital Corporation (NASDAQ: APLD) is 18.84% higher on its value in year-to-date trading and has touched a low of $2.36 and a high of $11.25 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 $8.05 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $8.01, the stock is -15.33% and -4.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 33.18 million and changing -0.44% at the moment leaves the stock 41.61% off its SMA200. APLD registered 20.81% gain for a year compared to 6-month gain of 31.74%. The firm has a 50-day simple moving average (SMA 50) of $8.4195 and a 200-day simple moving average (SMA200) of $5.656425.
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The stock witnessed a -8.56% loss in the last 1 month and extending the period to 3 months gives it a 19.55%, and is -10.00% down 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 12.72% over the week and 10.81% over the month.
Applied Digital Corporation (APLD) has around 150 employees, a market worth around $1.68B and $189.95M in sales. Profit margin for the company is -74.97%. Distance from 52-week low is 239.41% and -28.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.84%).
with sales reaching $61.61M over the same period.The EPS is expected to grow by 60.59% this year, but quarterly earnings will post 50.67% year-over-year. Quarterly sales are estimated to grow 45.98% in year-over-year returns.
Applied Digital Corporation (APLD) Top Institutional Holders
230.0 institutions hold shares in Applied Digital Corporation (APLD), with institutional investors hold 82.39% of the company’s shares. The shares outstanding are 211.25M, and float is at 159.66M with Short Float at 26.82%. Institutions hold 65.27% 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 Cummins Wes, the company’s CEO; Chairman. SEC filings show that Cummins Wes sold 200,000 shares of the company’s common stock on Nov 27 ’24 at a price of $9.20 per share for a total of $1.84 million. Following the sale, the insider now owns 3.88 million shares.
Applied Digital Corporation disclosed in a document filed with the SEC on Nov 27 ’24 that Nottenburg Richard N (Director) sold a total of 50,000 shares of the company’s common stock. The trade occurred on Nov 27 ’24 and was made at $9.20 per share for $0.46 million. Following the transaction, the insider now directly holds 0.33 million shares of the APLD stock.
Still, SEC filings show that on Nov 07 ’24, Nottenburg Richard N (Director) disposed off 19,369 shares at an average price of $7.51 for $0.15 million. The insider now directly holds 384,317 shares of Applied Digital Corporation (APLD).
