Currently, there are 211.25M common shares owned by the public and among those 159.66M shares have been available to trade.
The company’s stock has a 5-day price change of -10.00% and 19.55% over the past three months. APLD shares are trading 18.84% year to date (YTD), with the 12-month market performance up to 20.81% higher. It has a 12-month low price of $2.36 and touched a high of $11.25 over the same period. APLD has an average intraday trading volume of 15.54 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.33%, -4.86%, and 41.61% respectively.
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Institutional ownership of Applied Digital Corporation (NASDAQ: APLD) shares accounts for 61.49% of the company’s 211.25M shares outstanding.
It has a market capitalization of $1.68B and a beta (3y monthly) value of 4.64. The earnings-per-share (ttm) stands at -$1.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 12.72% over the week and 10.81% over the month.
Earnings per share for the fiscal year are expected to increase by 60.59%, and 44.99% over the next financial year.
Looking at the support for the APLD, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on December 20, 2024, with the firm’s price target at $15. ROTH MKM coverage for the Applied Digital Corporation (APLD) stock in a research note released on October 03, 2023 offered a Buy rating with a price target of $14. H.C. Wainwright was of a view on December 22, 2022 that the stock is Buy, while DA Davidson gave the stock Buy rating on May 24, 2022, issuing a price target of $6. Craig Hallum on their part issued Buy rating on May 23, 2022.
