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

The article highlights the intraday movements of various Information Technology stocks on Thursday. Notable gainers include SMX, Applied Digital, MicroCloud Hologram, Next Technology Holding, Soluna Holdings, and Himax Techs. On the losing side, QXO, Abits Group, Actelis Networks, CISO Global, Aehr Test Systems, and Quantum experienced declines.

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:32 pm

KB Home reported better-than-expected earnings and sales for its second quarter, leading to a 4.2% rise in its stock price. Other notable stock movements include Ocular Therapeutix, Applied Digital, Ranpak Holdings, ImmunityBio, Harrow, ZKH Group, NANO Nuclear Energy, Himax Technologies, Globant, Bilibili, Super Micro Computer, Accenture, ZIM Integrated Shipping, WestRock, Advanced Micro Devices, Kohl’s, and Gilead Sciences, all of which saw significant gains.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 2:21 pm

Applied Digital's (NYSE:APLD) short interest has decreased by 6.56%, with 19.15 million shares sold short, representing 16.81% of its float. This decline in short interest could indicate a shift in market sentiment. Compared to its peers, Applied Digital has a higher short interest percentage.

Portfolio Pulse from Benzinga Insights

June 18, 2024 | 4:15 pm

The article highlights the intraday movements of 12 information technology stocks on Friday. Notable gainers include FOXO Technologies, Quantum, Adobe, iLearningEngines, Applied Digital, and Mercurity Fintech Holding. Significant losers include QXO, ClearOne, Ostin Technology Group, 8x8, Nvni Group, and LeddarTech Holdings.

Portfolio Pulse from Benzinga Insights

June 14, 2024 | 4:31 pm

Applied Digital shares are trading higher after Needham reiterated its Buy rating on the stock and maintained a price target of $11.

Portfolio Pulse from Benzinga Newsdesk

June 14, 2024 | 4:10 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

June 14, 2024 | 10:38 am

Over the past three months, 8 analysts have evaluated Applied Digital (NASDAQ:APLD), with all ratings being bullish. The average 12-month price target is $9.12, a 26.33% decline from the prior average. Analysts have adjusted their price targets, reflecting changes in market conditions and company performance. Applied Digital has shown significant revenue growth but faces challenges in profitability, return on equity, return on assets, and debt management.

Portfolio Pulse from Benzinga Insights

June 12, 2024 | 1:01 pm

HC Wainwright & Co. analyst Kevin Dede has reiterated a Buy rating on Applied Digital (NASDAQ:APLD) and maintained a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

June 12, 2024 | 11:00 am

CIM Group has closed an initial $125 million loan commitment, with the potential to increase to $200 million, to fund the construction of Applied Digital's HPC campus in North Dakota.

Portfolio Pulse from Benzinga Newsdesk

June 10, 2024 | 3:06 pm

Several major stocks, including Five Below, Sprinklr, Masimo, Dorian LPG, Nikola, ZIM Integrated Shipping Services, Summit Therapeutics, and Applied Digital, experienced significant declines in pre-market trading. Five Below posted weak Q1 results and lowered its FY guidance, leading to a sharp drop in its stock price.

Portfolio Pulse from Avi Kapoor

June 06, 2024 | 9:40 am

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.