Applied Digital Corporation (NASDAQ: APLD) is 30.24% 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 $9.63 in the last trading session, with the day’s gains setting it 0.32%.
Currently trading at $9.95, the stock is 23.81% and 16.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.54 million and changing 3.32% at the moment leaves the stock 51.47% off its SMA200. APLD registered 101.42% gain for a year compared to 6-month gain of 148.13%.
The stock witnessed a 11.80% loss in the last 1 month and extending the period to 3 months gives it a 45.04%, and is 31.09% 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 8.56% over the week and 10.15% over the month.
Applied Digital Corporation (APLD) has around 150 employees, a market worth around $2.22B and $211.62M in sales. Profit margin for the company is -128.17%. Distance from 52-week low is 321.61% and -11.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.24%).
The EPS is expected to grow by 47.67% this year
The shares outstanding are 216.56M, and float is at 161.53M with Short Float at 33.50%.
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 8.4132 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 6.2229 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 Jan 17 ’25 that Nottenburg Richard N (Director) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Jan 17 ’25 and was made at $8.85 per share for $0.18 million. Following the transaction, the insider now directly holds 0.34 million shares of the APLD stock.
Still, SEC filings show that on Jan 17 ’25, Nottenburg Richard N (Director) Proposed Sale 20,000 shares at an average price of $8.85 for $0.18 million. The insider now directly holds shares of Applied Digital Corporation (APLD).
