Streetbeat News

APLD

Applied Digital Corporation

https://www.applieddigital.com

Industry

Financial - Capital Markets

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation was incorporated in 2001 and is based in Dallas, Texas.

Open

7.81

Mkt cap

1.6B

Volume

8.5M

High

7.98

P/E Ratio

-6.15

52-wk high

9.48

Low

7.37

Div yield

N/A

52-wk low

2.36

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Technology sector shares are rising following Micron's strong earnings report.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 7:57 pm

Applied Digital's short interest has increased by 18.53%, with 24.09 million shares sold short, representing 12.73% of its float. This is higher than its peers' average of 6.01%. The rise in short interest suggests bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 7:45 pm

Several information technology stocks experienced significant price movements during Wednesday's intraday session. Notable gainers included Cipher Mining, MicroAlgo, and Alpha Technology Group, while Banzai International and Intchains Gr were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 2:42 pm

Crypto-linked stocks are experiencing a rise in share prices following the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 18, 2024 | 6:42 pm

B. Riley Securities has maintained a Buy rating on Applied Digital and increased the price target from $8 to $9, indicating confidence in the company's future performance.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2024 | 1:08 pm

Crypto-linked companies' shares are declining due to a drop in Bitcoin prices, possibly influenced by the ABC 2024 Presidential Debate.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 2:58 pm

Applied Digital's short interest has increased by 5.7%, with 18.22 million shares sold short, representing 15.02% of its float. This is higher than its peers' average of 6.68%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.

Portfolio Pulse from Benzinga Insights

September 10, 2024 | 7:45 pm

Rubrik, Ionis Pharmaceuticals, Hewlett Packard Enterprise, and other major stocks experienced declines in Tuesday's pre-market session. Rubrik reported better-than-expected Q2 results but still saw an 8.1% drop in share price. Ionis Pharmaceuticals and Hewlett Packard Enterprise also faced declines due to public offerings.

Portfolio Pulse from Avi Kapoor

September 10, 2024 | 12:32 pm

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