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

The options market shows significant activity around Applied Digital (NASDAQ:APLD), with a mix of bullish and bearish sentiment among investors. Notably, 29 extraordinary options activities were observed, with a focus on a price range of $3.0 to $17.0. The stock is currently trading at $6.49, up 42.64%, with an average analyst target price of $9.4. Analysts have mixed ratings, with some lowering their price targets.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 7:15 pm

Shares of crypto companies are experiencing an uptick as Bitcoin prices rise.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 4:18 pm

U.S. stocks rose on Monday, with significant gains for Terns Pharmaceuticals, Summit Therapeutics, Relay Therapeutics, and others. Terns Pharmaceuticals saw a 20.2% increase after positive trial data, while Boeing and Tesla also experienced gains due to favorable developments.

Portfolio Pulse from Avi Kapoor

September 09, 2024 | 2:13 pm

Needham analyst John Todaro has reiterated a Buy rating on Applied Digital (NASDAQ:APLD) and maintained a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 11:21 am

Shares of crypto companies are trading lower as Bitcoin's price declines, potentially influenced by mixed economic data affecting rate cut expectations.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 4:53 pm

Science Applications International Corp (SAIC) reported strong Q2 earnings, with revenue and EPS beating analyst expectations. Eastside Distilling (EAST) surged on a merger announcement, while Applied Digital (APLD) rose on a significant financing agreement. ChargePoint Holdings (CHPT) fell due to disappointing revenue results.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 6:30 pm

G-III Apparel Group's shares surged 23.6% after reporting better-than-expected Q2 EPS and issuing strong FY25 guidance. Other stocks like Applied Digital, Yext, and NIO also saw significant gains due to positive financial results and strategic developments.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 5:44 pm

Roth MKM analyst Darren Aftahi has reiterated a Buy rating for Applied Digital (NASDAQ:APLD) with a maintained price target of $10.

Portfolio Pulse from Benzinga Newsdesk

September 05, 2024 | 5:02 pm

U.S. stocks fell with the Dow Jones down over 1%. Notable stock movements included Eastside Distilling's 208% rise due to a merger, and Applied Digital's 74% increase following a $160 million financing agreement. U.S. crude oil inventories dropped significantly, impacting oil prices.

Portfolio Pulse from Avi Kapoor

September 05, 2024 | 4:27 pm

Applied Digital Corp. shares surged by 62.7% following a $160 million private placement financing deal. The investment, involving NVIDIA and Related Companies, will fund data-center and AI cloud infrastructure expansion, enhancing Applied Digital's position in AI and HPC sectors.

Portfolio Pulse from Vaishali Prayag

September 05, 2024 | 3:00 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.