NASDAQ:APLD Applied Digital (APLD) Stock Price, News & Analysis → Tech GIANT’s Plans to Revolutionize Crypto… (From Crypto 101 Media) (Ad) Free APLD Stock Alerts $3.30 +0.20 (+6.45%) (As of 05/8/2024 ET) Add Compare Share Share Today's Range$3.02▼$3.3250-Day Range$2.39▼$4.6552-Week Range$2.36▼$11.62Volume3.20 million shsAverage Volume3.60 million shsMarket Capitalization$404.98 millionP/E RatioN/ADividend YieldN/APrice Target$8.80 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Get Applied Digital alerts: Email Address Applied Digital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside166.7% Upside$8.80 Price TargetShort InterestBearish26.51% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.20Based on 10 Articles This WeekInsider TradingSelling Shares$142,200 Sold Last QuarterProj. Earnings GrowthDecreasingFrom ($0.86) to ($0.91) Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.91 out of 5 starsFinance Sector655th out of 874 stocksData Processing & Preparation Industry36th out of 55 stocks 3.5 Analyst's Opinion Consensus RatingApplied Digital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoverageApplied Digital has only been the subject of 4 research reports in the past 90 days.Read more about Applied Digital's stock forecast and price target. Previous Next 1.0 Short Interest Percentage of Shares Shorted26.51% of the float of Applied Digital has been sold short.Short Interest Ratio / Days to CoverApplied Digital has a short interest ratio ("days to cover") of 6.7.Change versus previous monthShort interest in Applied Digital has recently increased by 8.66%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldApplied Digital does not currently pay a dividend.Dividend GrowthApplied Digital does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for APLD. Previous Next 1.8 News and Social Media Coverage News SentimentApplied Digital has a news sentiment score of 0.20. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Applied Digital this week, compared to 3 articles on an average week.Search InterestOnly 34 people have searched for APLD on MarketBeat in the last 30 days. This is a decrease of -19% compared to the previous 30 days.MarketBeat FollowsOnly 9 people have added Applied Digital to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 30 days. Previous Next 4.2 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Applied Digital insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $142,200.00 in company stock.Percentage Held by Insiders23.70% of the stock of Applied Digital is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions65.67% of the stock of Applied Digital is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Applied Digital's insider trading history. Previous Next 0.0 Earnings and Valuation Earnings GrowthEarnings for Applied Digital are expected to decrease in the coming year, from ($0.86) to ($0.91) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Applied Digital is -4.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Applied Digital is -4.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioApplied Digital has a P/B Ratio of 4.52. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.Read more about Applied Digital's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad InvestorPlaceThe new financial threat that could wipe out millions…During the Internet boom, companies like Pets.com were supposed to be promising investments riding the wave of a new tech boom. But then they were gone within a blink of an eye. One of the most successful investors in history just stepped forward to say the same thing is about to happen to AI stocks.Pay close attention to this important video About Applied Digital Stock (NASDAQ:APLD)Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.Read More APLD Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart APLD Stock News HeadlinesMay 8, 2024 | globenewswire.comApplied Digital Announces Upcoming Conference ParticipationMay 8, 2024 | americanbankingnews.comB. Riley Lowers Applied Digital (NASDAQ:APLD) Price Target to $6.00May 8, 2024 | Behind the Markets (Ad)Fidelity, Bezos, Goldman Bet Big on Tiny BiotechAre you ready for a major shift in the investment world? There's a new drug The Wall Street Journal is calling the "King Kong" of drugs.May 7, 2024 | investorplace.com3 Under-$5 Penny Stocks That Could Make You MillionsMay 6, 2024 | markets.businessinsider.comDeep Dive Into Applied Digital Stock: Analyst Perspectives (7 Ratings)May 3, 2024 | finanznachrichten.deApplied Digital Corporation: Applied Digital Announces Appointment of Datacenter Industry Expert Todd Gale as Chief Development OfficerMay 3, 2024 | globenewswire.comApplied Digital Announces Appointment of Datacenter Industry Expert Todd Gale as Chief Development OfficerMay 2, 2024 | investorplace.comShhh! 3 Secret Metaverse Stocks Flying Below Wall Street's RadarMay 8, 2024 | Behind the Markets (Ad)Fidelity, Bezos, Goldman Bet Big on Tiny BiotechAre you ready for a major shift in the investment world? There's a new drug The Wall Street Journal is calling the "King Kong" of drugs.April 30, 2024 | globenewswire.comApplied Digital Appoints Ella Benson to Board of DirectorsApril 30, 2024 | investorplace.com3 Low-Risk, High-Reward AI Stocks to Buy for 6,200% GainsApril 26, 2024 | investorplace.com3 Stocks to Buy if You Want to Turn Your $1,000 into $10,000 Within 2 YearsApril 22, 2024 | investorplace.com3 Blockchain Stocks to Buy Now: Q2 EditionApril 15, 2024 | msn.comInvestors May Want to Take a Wait-and-See Approach to Applied Digital (NASDAQ:APLD)April 13, 2024 | markets.businessinsider.comBuy Rating Affirmed for Applied Digital Amid Growth in High-Performance Computing MarketApril 12, 2024 | markets.businessinsider.comApplied Digital Analysts Slash Their Forecasts After Q3 ResultsApril 12, 2024 | investorplace.comWhy Is Applied Digital (APLD) Stock Down 6% Today?April 12, 2024 | finanznachrichten.deApplied Digital Corporation: Applied Digital Reports Fiscal Third Quarter 2024 ResultsApril 12, 2024 | markets.businessinsider.comApplied Digital Reports Downbeat Results, Joins Nurix Therapeutics And Other Big Stocks Moving Lower In Friday's Pre-Market SessionApril 12, 2024 | markets.businessinsider.comWhy Are Applied Digital Shares Falling Today?April 11, 2024 | investorplace.comAPLD Stock Earnings: Applied Digital Misses EPS, Misses Revenue for Q3 2024April 11, 2024 | reuters.comApplied Digital misses quarterly revenue estimate amid power disruption at data centerApril 11, 2024 | globenewswire.comApplied Digital Reports Fiscal Third Quarter 2024 ResultsApril 9, 2024 | markets.businessinsider.comCraig-Hallum Keeps Their Buy Rating on Applied Digital Corporation (APLD)April 9, 2024 | globenewswire.comApplied Digital Reschedules Fiscal Third Quarter 2024 Earnings Conference Call to Thursday, April 11, 2024 at 5:00 p.m. Eastern TimeApril 9, 2024 | investorplace.com3 AI Data Center Stocks That Are About to Go ParabolicApril 9, 2024 | msn.comApplied Digital, Gryphon Digital Mining among financial moversSee More Headlines Receive APLD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Applied Digital and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings4/11/2024Today5/08/2024Fiscal Year End5/31/2024Next Earnings (Estimated)7/22/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Data processing & preparation Sub-IndustryN/A Current SymbolNASDAQ:APLD CUSIPN/A CIK1144879 Webapplieddigital.com Phone214-427-1704Fax865-777-3767Employees121Year FoundedN/APrice Target and Rating Average Stock Price Target$8.80 High Stock Price Target$12.00 Low Stock Price Target$6.00 Potential Upside/Downside+166.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($0.79) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-44,650,000.00 Net Margins-61.84% Pretax Margin-64.15% Return on Equity-75.46% Return on Assets-20.50% Debt Debt-to-Equity Ratio0.90 Current Ratio0.30 Quick Ratio0.30 Sales & Book Value Annual Sales$55.39 million Price / Sales7.31 Cash FlowN/A Price / Cash FlowN/A Book Value$0.73 per share Price / Book4.52Miscellaneous Outstanding Shares122,720,000Free Float93,638,000Market Cap$404.98 million OptionableOptionable Beta4.29 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Wesley Cummins (Age 46)Chairman, CEO, President, Secretary & Treasurer Comp: $5.95MMr. David Rench (Age 46)Chief Financial Officer Comp: $2.71MMr. Michael Maniscalco (Age 44)Chief Technology Officer Comp: $1.15MMr. Jason Zhang (Age 30)Co-Founder Comp: $25kMr. Nick PhillipsExecutive Vice President of Hosting Operations & Public AffairsMr. John BrowderDirector of HR and RecruitingMr. Etienne SnymanExecutive Vice President of PowerMr. Roland DavidsonExecutive Vice President of EngineeringMr. Brad BartonEVP of Real Estate DevelopmentMore ExecutivesKey CompetitorsNerdWalletNASDAQ:NRDSBarings Corporate InvestorsNYSE:MCILandsea HomesNASDAQ:LSEADWS Municipal Income TrustNYSE:KTFAbrdn Life Sciences InvestorsNYSE:HQLView All CompetitorsInsiders & InstitutionsRussell Investments Group Ltd.Sold 247,484 shares on 5/8/2024Ownership: 0.015%Redmond Asset Management LLCSold 13,700 shares on 5/7/2024Ownership: 0.169%Sei Investments Co.Sold 7,268 shares on 5/7/2024Ownership: 0.167%Swiss National BankBought 34,000 shares on 5/7/2024Ownership: 0.147%Thompson Davis & CO. Inc.Sold 3,750 shares on 5/2/2024Ownership: 0.015%View All Insider TransactionsView All Institutional Transactions APLD Stock Analysis - Frequently Asked Questions Should I buy or sell Applied Digital stock right now? 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Applied Digital in the last twelve months. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" APLD shares. View APLD analyst ratings or view top-rated stocks. What is Applied Digital's stock price target for 2024? 5 brokerages have issued 12-month price objectives for Applied Digital's stock. Their APLD share price targets range from $6.00 to $12.00. On average, they anticipate the company's stock price to reach $8.80 in the next twelve months. This suggests a possible upside of 166.7% from the stock's current price. View analysts price targets for APLD or view top-rated stocks among Wall Street analysts. How have APLD shares performed in 2024? Applied Digital's stock was trading at $6.74 on January 1st, 2024. Since then, APLD stock has decreased by 51.0% and is now trading at $3.30. View the best growth stocks for 2024 here. Are investors shorting Applied Digital? Applied Digital saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 21,130,000 shares, an increase of 9.9% from the March 15th total of 19,220,000 shares. Based on an average daily volume of 3,500,000 shares, the days-to-cover ratio is currently 6.0 days. Currently, 24.5% of the company's shares are sold short. View Applied Digital's Short Interest. When is Applied Digital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, July 22nd 2024. View our APLD earnings forecast. How were Applied Digital's earnings last quarter? Applied Digital Co. (NASDAQ:APLD) announced its quarterly earnings data on Thursday, April, 11th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.40. The company had revenue of $43.35 million for the quarter, compared to analyst estimates of $50.36 million. Applied Digital had a negative trailing twelve-month return on equity of 75.46% and a negative net margin of 61.84%. What ETFs hold Applied Digital's stock? ETFs with the largest weight of Applied Digital (NASDAQ:APLD) stock in their portfolio include VanEck Digital Transformation ETF (DAPP), Invesco Alerian Galaxy Crypto Economy ETF (SATO), Grayscale Future of Finance ETF (GFOF), Valkyrie Bitcoin Miners ETF (WGMI), Bitwise Crypto Industry Innovators ETF (BITQ), Global X Blockchain ETF (BKCH), Horizon Kinetics Blockchain Development ETF (BCDF) and Xtrackers Cybersecurity Select Equity ETF (PSWD). When did Applied Digital IPO? Applied Digital (APLD) raised $40 million in an IPO on Wednesday, April 13th 2022. The company issued 8,000,000 shares at $5.00 per share. Who are Applied Digital's major shareholders? Applied Digital's stock is owned by a number of retail and institutional investors. Top institutional investors include Equitec Proprietary Markets LLC (3.44%), Van ECK Associates Corp (1.98%), Mirae Asset Global Investments Co. Ltd. (1.07%), Hunter Associates Investment Management LLC (0.27%), Register Financial Advisors LLC (0.26%) and Woodmont Investment Counsel LLC (0.20%). View institutional ownership trends. How do I buy shares of Applied Digital? Shares of APLD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. 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