A History of Outperforming Analyst Forecasts and Beating the Odds: Applied Digital Corporation (APLD)

With 4.18 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.37 million shares. During the session, the Capital Markets company that operates in wider Financial sector, reached to the highest price of $4.0200 whereas the lowest price it dropped to was $3.7400. The 52-week range on APLD shows that it touched its highest point at $11.62 and its lowest point at $2.06 during that stretch. It currently has a 1-year price target of $13.43. Beta for the stock currently stands at 4.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of APLD was down-trending over the past week, with a drop of -13.38%, but this was down by -9.26% over a month. Three-month performance dropped to -43.32% while six-month performance fell -38.78%. The stock gained 74.43% in the past year, while it has lost -43.32% so far this year. A look at the trailing 12-month EPS for APLD yields -0.35 with Next year EPS estimates of 0.62. For the next quarter, that number is -0.07. This implies an EPS growth rate of 56.80% for this year and 392.91% for next year.

Float and Shares Shorts:

At present, 95.93 million APLD shares are outstanding with a float of 86.36 million shares on hand for trading. On Mar 15, 2024, short shares totaled 19.22 million, which was 15.74% higher than short shares on Feb 15, 2024. In addition to APD as the firm’s Air Products and Chemicals, Inc, APLS serves as its Apellis Pharmaceuticals, Inc.

Institutional Ownership:

Through their ownership of 56.86% of APLD’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for APLD since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, APLD has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and APLD currently yields $0.00. In the past year, APLD’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, APLD has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.