Applied Digital Corporation (NASDAQ: APLD) is -26.44% lower 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 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 $5.72 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $5.62, the stock is -17.81% and -26.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 15.71 million and changing -1.75% at the moment leaves the stock -20.17% off its SMA200. APLD registered 29.20% gain for a year compared to 6-month loss of -31.88%. The firm has a 50-day simple moving average (SMA 50) of $7.6871 and a 200-day simple moving average (SMA200) of $7.040325.
The stock witnessed a -29.75% gain in the last 1 month and extending the period to 3 months gives it a -38.91%, and is -29.66% 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 9.36% over the week and 9.94% over the month.
Applied Digital Corporation (APLD) has around 150 employees, a market worth around $1.25B and $211.62M in sales. Profit margin for the company is -128.17%. Distance from 52-week low is 138.14% and -54.97% 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 34.59%. 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 BLACKROCK INC. which holds 6.35 million shares representing 5.5699% and valued at over $37.8 million, while VANGUARD GROUP INC holds 5.524 of the shares totaling 6.71 million with a market value of $39.91 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).
