A share price of Applied Digital Corporation [APLD] is currently trading at $7.35, up 3.23%. An important factor to consider is whether the stock is rising or falling in short-term value. The APLD shares have gain 13.51% over the last week, with a monthly amount drifted -3.80%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Applied Digital Corporation [NASDAQ: APLD] stock has seen the most recent analyst activity on January 28, 2025, when Compass Point initiated its Buy rating and assigned the stock a price target of $10. Previously, Cantor Fitzgerald started tracking the stock with Overweight rating on December 20, 2024, and set its price target to $15. On October 03, 2023, ROTH MKM initiated with a Buy rating and assigned a price target of $14 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $4 on December 22, 2022. DA Davidson initiated its recommendation with a Buy and recommended $6 as its price target on May 24, 2022. Craig Hallum started tracking with a Buy rating for this stock on May 23, 2022, and assigned it a price target of $10. In a note dated May 09, 2022, Northland Capital initiated an Outperform rating and provided a target price of $7.50 on this stock.
Applied Digital Corporation experienced fluctuations in its stock price throughout the past year between $2.36 and $11.25. Currently, Wall Street analysts expect the stock to reach $6.89 within the next 12 months. Applied Digital Corporation [NASDAQ: APLD] shares were valued at $7.35 at the most recent close of the market. An investor can expect a potential drop of -6.26% based on the average APLD price forecast.
Analyzing the APLD fundamentals
Trailing Twelve Months sales for Applied Digital Corporation [NASDAQ:APLD] were 211.62M which represents 51.34% growth. Gross Profit Margin for this corporation currently stands at 0.02% with Operating Profit Margin at -0.36%, Pretax Profit Margin comes in at -1.28%, and Net Profit Margin reading is -1.28%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -1.18 and Total Capital is -0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.75 points at the first support level, and at 6.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.71, and for the 2nd resistance point, it is at 8.07.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Applied Digital Corporation [NASDAQ:APLD] is 0.77. On the other hand, the Quick Ratio is 0.77, and the Cash Ratio is 0.67. Considering the valuation of this stock, the price to sales ratio is 7.74, the price to book ratio is 3.66.
Transactions by insiders
Recent insider trading involved Nottenburg Richard N, Director, that happened on Jan 17 ’25 when 20000.0 shares were sold. Director, Nottenburg Richard N completed a deal on Jan 17 ’25 to buy 20000.0 shares. Meanwhile, CEO; Chairman Cummins Wes sold 0.2 million shares on Nov 27 ’24.
