Currently, there are 216.56M common shares owned by the public and among those 161.53M shares have been available to trade.
The company’s stock has a 5-day price change of 16.94% and 20.03% over the past three months. APLD shares are trading 19.24% year to date (YTD), with the 12-month market performance up to 104.72% 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 20.71 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 14.26%, 7.01%, and 40.17% respectively.
Institutional ownership of Applied Digital Corporation (NASDAQ: APLD) shares accounts for 66.52% of the company’s 216.56M shares outstanding.
It has a market capitalization of $1.92B and a beta (3y monthly) value of 4.54. The earnings-per-share (ttm) stands at -$1.73. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.86% over the week and 10.63% over the month.
Earnings per share for the fiscal year are expected to increase by 47.67%, and 37.52% over the next financial year. EPS should grow at an annualized rate of 0.38% over the next five years, compared to -65.58% over the past 5-year period.
Looking at the support for the APLD, a number of firms have released research notes about the stock. Compass Point stated their Buy rating for the stock in a research note on January 28, 2025, with the firm’s price target at $10. Cantor Fitzgerald coverage for the Applied Digital Corporation (APLD) stock in a research note released on December 20, 2024 offered a Overweight rating with a price target of $15. ROTH MKM was of a view on October 03, 2023 that the stock is Buy, while H.C. Wainwright gave the stock Buy rating on December 22, 2022, issuing a price target of $4. DA Davidson on their part issued Buy rating on May 24, 2022.
