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

7.01

Mkt cap

1.6B

Volume

22M

High

7.57

P/E Ratio

-5.88

52-wk high

9.48

Low

6.90

Div yield

N/A

52-wk low

2.36

Shares of crypto-linked stocks are trading higher after Bitcoin rose above $62,000.

Portfolio Pulse from Benzinga Newsdesk

July 15, 2024 | 10:20 am

NIO Inc. (NYSE:NIO) shares fell 8.5% after the resignation of CFO Steven Wei Feng. Other notable movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 120%, Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) up 70.5%, and Macy’s, Inc. (NYSE:M) up 10.4% due to an increased acquisition bid. XPeng Inc. (NYSE:XPEV) declined 10% after announcing vehicle delivery figures.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 4:59 pm

Several major stocks, including Bitfarms, TeraWulf, and Applied Digital, are experiencing significant declines in Friday's pre-market session. The declines are largely attributed to a drop in Bitcoin prices and company-specific updates.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

Shares of Sharps Technology, Inc. (NASDAQ:STSS) surged 31.7% in pre-market trading after receiving two purchase orders for approximately one million SecureGard syringes for 2024 delivery. Other notable pre-market movers include Qualigen Therapeutics, Inc. (NASDAQ:QLGN) up 53%, Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) up 18.7%, and Adamas One Corp. (NASDAQ:JEWL) down 19.3%.

Portfolio Pulse from Avi Kapoor

July 05, 2024 | 3:01 pm

Over the past three months, 10 analysts have evaluated Applied Digital (NASDAQ:APLD), with all ratings being bullish. The average 12-month price target has decreased by 16.67% to $9.0. Analysts have adjusted their price targets and ratings in response to market dynamics and company performance.

Portfolio Pulse from Benzinga Insights

June 28, 2024 | 6:01 pm

B. Riley Securities has maintained its Buy rating on Applied Digital (NASDAQ:APLD) and raised the price target from $6 to $8.

Portfolio Pulse from Benzinga Newsdesk

June 28, 2024 | 4:06 pm

Applied Digital shares are trading higher after Roth MKM maintained a Buy rating on the stock and raised its price target from $8 to $11.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:57 pm

Roth MKM analyst Darren Aftahi maintains a Buy rating on Applied Digital (NASDAQ:APLD) and raises the price target from $8 to $11.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:26 pm

Kaival Brands Innovations Group (NASDAQ:KAVL) shares dropped 47% after announcing a $6.0 million public offering. Other notable movers include American Rebel Holdings (NASDAQ:AREB) up 161% due to a new distribution agreement, and Sharecare (NASDAQ:SHCR) up 74% following an acquisition agreement.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:04 pm

Jabil Inc. (NYSE:JBL) shares fell 7.8% after reporting a 20.2% year-on-year decline in third-quarter revenue, despite beating analyst estimates. The company provided mixed guidance for the fourth quarter. Other stocks moving significantly include MGO Global, Inc. (NASDAQ:MGOL), Griid Infrastructure Inc. (NASDAQ:GRDI), and Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP), among others.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 5:26 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.