Applied Digital Corporation (NASDAQ: APLD) is 4.58% higher on its value in year-to-date trading and has touched a low of $2.36 and a high of $12.48 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 $7.07 in the last trading session, with the day’s gains setting it 0.92%.
Currently trading at $7.99, the stock is 10.93% and 1.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 22.65 million and changing 13.01% at the moment leaves the stock 14.22% off its SMA200. APLD registered 71.83% gain for a year compared to 6-month gain of 43.71%. The firm has a 50-day simple moving average (SMA 50) of $7.8978 and a 200-day simple moving average (SMA200) of $6.995075.
The stock witnessed a -24.98% loss in the last 1 month and extending the period to 3 months gives it a -8.74%, and is 8.86% 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 6.28% over the week and 11.12% over the month.
Applied Digital Corporation (APLD) has around 150 employees, a market worth around $1.78B and $211.62M in sales. Profit margin for the company is -128.17%. Distance from 52-week low is 238.56% and -35.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-24.24%).
with sales reaching $62.91M over the same period.The EPS is expected to grow by 47.67% this year, but quarterly earnings will post 54.78% year-over-year. Quarterly sales are estimated to grow 45.13% in year-over-year returns.
Applied Digital Corporation (APLD) Top Institutional Holders
306.0 institutions hold shares in Applied Digital Corporation (APLD), with institutional investors hold 84.48% of the company’s shares. The shares outstanding are 216.56M, and float is at 170.59M with Short Float at 33.27%. Institutions hold 67.51% 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 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
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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).
