Welcome, fellow investor! Today, we’re diving deep into Applied Digital Corporation (APLD), a significant player with a $6.64 billion market cap in the dynamic Information Technology Services industry. As you evaluate your portfolio, a crucial question arises: Does APLD’s current stock price truly reflect its fair value, and is the company positioned for robust future growth? Let’s explore whether investing in Applied Digital Corporation now would be a wise move for your financial journey.
APLD Snapshot: Key Insights for Applied Digital Investors
As of November 2025, Applied Digital (APLD) stock is trading at $23.74. We’re observing a short-term pullback here, even though it’s part of a larger uptrend. The price is currently below its 50-day moving average but still comfortably above the 200-day average.
Analysts are looking quite optimistic, projecting a 1-year price target of $43.70. This suggests a potential upside of an impressive +90.9%. However, it’s important to acknowledge the significant volatility, with an annualized rate of 64.6%, hinting at potentially wide price swings ahead.
Applied Digital Corporation’s fundamental story is certainly intriguing. On the positive side, the company boasts solid revenue growth, up 84.30% year-over-year. Yet, it’s also navigating challenges, particularly intense competition within its sector.
Diving Deep: What You’ll Find in This APLD Stock Report
We’re committed to providing you with more than just a pile of numbers. Our goal is to break down APLD’s stock from every conceivable angle, empowering you to make a truly informed investment decision. Here’s a glimpse of what we’ll cover:
- Is now a good time to buy APLD? Our technical analysis suggests a “Neutral” stance, though the RSI indicates oversold conditions at 10.4. Meanwhile, the fundamentals appear “solid,” driven by debt levels and compelling growth metrics.
- Can its core operations fuel future growth? The company’s future growth trajectory will largely depend on its performance in core Information Technology Services operations. Its ability to effectively manage competitive pressures will also be paramount.
- What are the biggest risks? Applied Digital carries a substantial $700.21 million in debt, which could become a headwind, especially in a high-interest-rate environment. Furthermore, competition is fierce, coming from both established industry giants and innovative new entrants.
Many stock analyses either drown you in complex jargon or offer overly simplistic advice like “just buy it.” That’s not our approach. We’re here to provide clear, actionable information that benefits you, whether you’re investing for long-term growth or seeking quicker gains. Stick with us as we delve into the detailed data to help you decide if Applied Digital Corporation is the right investment for your success.
APLD Stock: Key Metrics & Investment Forecast Summary
Let’s start with a quick overview of Applied Digital (APLD)’s current standing and what the market models are predicting. This snapshot helps set the stage before we dive into the granular details. We’re looking at a fascinating mix of indicators that paint a complex picture for investors.
| Metric | Value | Insight |
|---|---|---|
| Current Price | $23.74 | Live Market Price (November 2025) |
| 1-Month Forecast | $21.09 | Potential -11.2% change |
| 1-Year Forecast | $45.32 | Potential +90.9% change |
| Analyst Mean Target | $43.70 | Potential +84.1% upside |
| Trend | ⚖️ Mixed Trend | |
| RSI (14-day) | 10.4 | Oversold conditions ❄️ |
| MACD | -0.71 | Bearish Short-Term Trend |
| Above SMA 50 | ❌ Below $30.54 | |
| Above SMA 200 | ✅ Above $17.17 | |
| 52-Week Range | $3.31 – $40.20 | |
| Volatility (30d Ann.) | 64.6% | 🌪️ High Volatility |
| Beta (vs. Market) | 7.06x | 🎢 High Sensitivity |
| Green Days (30d) | 13/30 (43%) | 🟡 Moderate |
| Institutional Ownership | 63.02% | 🏛️ Significant Backing |
| Short % of Float | 30.79% | 😰 High Bearish Bets |
Right now, APLD’s stock is trading at $23.74. The technical indicators are pointing to a mixed pattern. This is because the price is holding above its 200-day moving average ($17.17) but has slipped below its 50-day average ($30.54), indicating some recent momentum loss within a broader uptrend.
What’s really interesting is the Relative Strength Index (RSI) at 10.4, which signals oversold conditions. This could hint at a potential bounce. However, the MACD indicator shows a bearish short-term trend (-0.71), suggesting we might see some minor pullbacks before the next significant upward move.
Over the past year, APLD’s stock has traded in a wide range, from $3.31 to $40.20. This tells us two key things: first, investor sentiment has been quite varied, and second, the current price is sitting mid-range. This positioning suggests that major swings might be less likely unless a significant catalyst emerges. Analysts, meanwhile, are forecasting substantial growth, with a 1-year target of $45.32 (+90.9%) and a consensus average target of $43.70 (+84.1%).
It’s also worth noting the ownership structure. With 63.02% institutional ownership, a notable number of large investors have a stake in the company. However, the relatively high short interest at 30.79% of the float indicates that a significant portion of the market is betting against the stock, pointing to perceived risks.
APLD Price Forecast Chart: Visualizing Future Trends
While we can’t display a live chart here, imagine a visual representation showing APLD’s recent average prices. This chart would then extend to illustrate the forecasted price range—low, average, and high—based on a sophisticated Prophet model. It would provide a clear visual path for potential future price movements.
Detailed APLD Price Forecast Table (2025-2026)
Let’s break down the month-by-month forecast for APLD, which projects an overall range from approximately $6.00 to $74.48. This table offers projected price bands, potential Return on Investment (ROI) compared to the current price of $23.74, and the resulting model signal for each period.
Over the entire forecast horizon, from November 2025 to November 2026, the model suggests APLD’s price could fluctuate significantly. The projected price range starts relatively consistent before expanding considerably towards the end of the period, implying evolving forecast uncertainty.
| Month (Period) | Min. Price | Avg. Price | Max. Price | Potential ROI vs Current ($23.74) | Model Signal |
|---|---|---|---|---|---|
| 2025-11 | $21.09 | $21.09 | $21.09 | ▼ -11.2% | Consider Short |
| 2025-12 | $22.29 | $25.09 | $28.55 | ▲ 5.7% | Consider Buy |
| 2026-01 | $22.40 | $27.10 | $30.91 | ▲ 14.2% | Consider Buy |
| 2026-02 | $21.26 | $26.08 | $29.66 | ▲ 9.8% | Consider Buy |
| 2026-03 | $13.75 | $21.58 | $28.24 | ▼ -9.1% | Consider Short |
| 2026-04 | $6.00 | $12.62 | $20.68 | ▼ -46.8% | Consider Short |
| 2026-05 | $6.01 | $11.76 | $22.41 | ▼ -50.5% | Consider Short |
| 2026-06 | $12.00 | $22.32 | $30.74 | ▼ -6.0% | Consider Short |
| 2026-07 | $13.94 | $24.22 | $32.43 | ▲ 2.0% | Hold/Neutral |
| 2026-08 | $13.46 | $25.54 | $36.52 | ▲ 7.6% | Consider Buy |
| 2026-09 | $15.30 | $29.19 | $43.41 | ▲ 23.0% | Consider Buy |
| 2026-10 | $18.93 | $45.32 | $72.56 | ▲ 90.9% | Consider Buy |
| 2026-11 | $31.10 | $56.32 | $74.48 | ▲ 137.2% | Consider Buy |
It’s crucial to remember that model forecasts like these are estimates and inherently come with built-in uncertainty. They rely on current data and specific assumptions, all of which can change rapidly. Therefore, actual prices are never guaranteed and can deviate significantly from these projections.
Applied Digital Corporation (APLD) Company Profile & Business Overview
To truly understand APLD’s investment potential, we need to grasp its core business. Applied Digital Corporation is a technology company focused on designing, developing, and operating digital infrastructure solutions. They cater specifically to high-performance computing (HPC) and artificial intelligence (AI) industries across North America.
| Metric | Value |
|---|---|
| Sector | Technology |
| Industry | Information Technology Services |
| Market Cap | $6.64 Billion |
| Employees | 205 |
| Website | applieddigital.com |
Applied Digital operates through two primary segments: its Data Center Hosting Business and its HPC Hosting Business. The company provides essential infrastructure services to crypto mining customers, and increasingly, offers GPU computing solutions for critical workloads related to AI, machine learning, and other demanding HPC tasks. They also manage the design, construction, and ongoing operation of data centers specifically built to support these high-performance applications.
The company, formerly known as Applied Blockchain, Inc., officially changed its name to Applied Digital Corporation in November 2022. Headquartered in Dallas, Texas, APLD recently announced a significant lease agreement with CoreWeave. This agreement secures an additional 150MW capacity at its Polaris Forge 1 Campus in Ellendale, North Dakota, highlighting its commitment to expanding its AI infrastructure capabilities.
APLD Valuation Analysis: Market Cap, Enterprise Value & Key Multiples
While the market recognizes Applied Digital Corporation as a key player in the Information Technology Services sector with a $6.64 billion market cap, its enterprise value tells a slightly different story. The enterprise value stands notably higher at $7.27 billion, with $630.00 million of that value attributed to debt. This suggests investors hold confidence in Applied Digital Corporation’s future earnings potential, but the substantial debt load is a factor that warrants careful consideration.
Looking at the valuation ratios, we see an intriguing picture. Applied Digital trades at a premium with an EV/Revenue (TTM) of 42.23x and an EV/EBITDA (TTM) of 1253.38x. These elevated multiples reflect the company’s strong market position and valuable brand assets, but they also imply that the stock may have limited room for error. Essentially, you’re paying for perceived quality and growth potential, and quality often comes with a higher price tag.
| Metric | Value |
|---|---|
| Market Cap | $6.64 Billion |
| Enterprise Value | $7.27 Billion |
| EV/Revenue (TTM) | 42.23x |
| EV/EBITDA (TTM) | 1253.38x |
APLD Share Statistics: Ownership, Float & Short Interest Dynamics
Understanding who owns APLD’s shares and how many are available for trading can provide valuable insights into its market dynamics. Approximately 15.4% of the company’s shares are closely held by insiders or strategic investors, while a significant 236 million shares are available for public trading as the “float.”
Because the public float is relatively high, investors can typically trade this stock without causing overly significant price shifts. However, it’s always wise for investors to be aware that the company could issue more shares in the future, which might potentially dilute the value of existing stock. Executives and major shareholders own a substantial stake of 16.20% in the company, a factor that helps align their interests with those of public shareholders. Moreover, the level of institutional ownership is quite healthy, coming in at 63.02%. This strong institutional backing often provides a degree of stability and confidence in the stock.
Now, let’s turn our attention to the impact of short interest on the market. Currently, about 79 million shares, or 30.79% of the float, are being shorted. This high percentage suggests that a significant portion of the market is actively betting against the stock, indicating a perceived high level of risk. Investors should closely watch for changes in this short interest; a sharp increase could signal growing doubt among bearish investors. Conversely, very low short interest during positive news periods can sometimes deter a “short squeeze” scenario. You can track these figures and more on platforms like Yahoo Finance.
| Metric | Value |
|---|---|
| Shares Outstanding | 279 Million |
| Implied Shares Outstanding | 280 Million |
| Shares Float | 236 Million |
| Insider Ownership | 16.20% |
| Institutional Ownership | 63.02% |
| Shares Short | 79 Million |
| Short Ratio (Days To Cover) | 2.20x |
| Short % of Float | 30.79% |
| Shares Short (Prior Month) | 72 Million |
| Short Date | 2025-10-31 |
Applied Digital (APLD) Valuation Ratios Deep Dive
Applied Digital (APLD) presents some interesting valuation dynamics that warrant a closer look. While its Trailing P/E ratio is not available, the Forward P/E stands at an unusual -69.82x. These unusual P/E figures require careful interpretation, often signaling a company in a high-growth phase or undergoing significant transformation.
Meanwhile, APLD’s Price/Sales ratio of 38.26x and Price/Book of 6.12x indicate that the company trades at multiples that definitely catch attention. These metrics offer valuable insights into its current market positioning and how investors perceive its assets and revenue generation capabilities.
From an enterprise value standpoint, the EV/Revenue ratio of 42.23x suggests a reasonable valuation when viewed against its revenue. However, the EV/EBITDA multiple of 1253.38x indicates a potentially stretched valuation. Collectively, these valuation metrics provide a comprehensive perspective on where Applied Digital stands in the current market.
| Metric | Value |
|---|---|
| Forward P/E | -69.82x |
| Price/Sales (TTM) | $38.26 |
| Price/Book (MRQ) | $6.12 |
| EV/Revenue (TTM) | 42.23x |
| EV/EBITDA (TTM) | 1253.38x |
APLD Financial Health Check: Liquidity, Debt & Cash Flow Analysis
A deep dive into APLD’s financial data reveals several areas that warrant careful consideration from investors. The company’s Return on Equity (ROE) at -28.76% and Return on Assets (ROA) at -2.32% reflect a company that is currently not very efficient with its capital. These figures are typically more common in established, stable firms undergoing specific strategic shifts, rather than high-growth tech companies.
The Debt/Equity ratio of 0.63x, with $700.21 million in total debt and $73.91 million in cash, suggests that APLD has taken on a manageable debt load to fuel its operations and growth. However, a major concern arises from the negative operating cash flow of -$121.53 million (TTM). This indicates that the core business is currently consuming more cash than it generates, a trend that investors should monitor closely.
Furthermore, the Current Ratio of 0.65x and Quick Ratio of 0.10x point to potential liquidity issues. Should the company’s cash cycle lengthen, these ratios suggest Applied Digital might face challenges meeting its short-term obligations. This is an important aspect of its financial health that requires ongoing attention.
| Metric | Value |
|---|---|
| Return on Equity (ROE TTM) | -28.76% |
| Return on Assets (ROA TTM) | -2.32% |
| Debt/Equity (MRQ) | 0.63x |
| Total Cash (MRQ) | $73.91 Million |
| Total Debt (MRQ) | $700.21 Million |
| Current Ratio (MRQ) | 0.65x |
| Quick Ratio (MRQ) | 0.10x |
| Operating Cash Flow (TTM) | -$121.53 Million |
| Levered Free Cash Flow (TTM) | -$971.16 Million |
Applied Digital (APLD) Efficiency Ratios: Asset Turnover & Capital Returns
Applied Digital’s efficiency metrics offer a mixed bag of insights for investors. Its Asset Turnover of 0.09x suggests that the company generates just $0.09 in revenue for every dollar of assets. This indicates lower efficiency in asset utilization, an area that may require improvement to boost overall profitability.
On a brighter note, the Receivables Turnover of 57.04x, combined with a quick 6.4 Days Sales Outstanding, reflects excellent collection practices. This means customers are paying their invoices very quickly, which is a positive sign for cash flow management. However, the Working Capital Turnover of -1.36x points to a concerning use of short-term assets to support sales, further supported by the Current Ratio of 0.65x, which signals potential liquidity concerns.
The Return on Invested Capital (ROIC) for Applied Digital stands at -17.26%. This figure, indicating lower capital efficiency, shows how effectively the company generates returns from its invested capital and suggests room for improvement. Overall, Applied Digital may need to focus on higher asset utilization to further boost its profitability. Investors should definitely compare these figures with industry peers to assess APLD’s competitive positioning.
| Metric | Value |
|---|---|
| Asset Turnover (TTM) | 0.09x |
| Receivables Turnover (TTM) | 57.04x |
| Working Capital Turnover (TTM) | -1.36x |
| Current Ratio (MRQ) | 0.65x |
| Days Sales Outstanding | 6.4 |
| Return on Invested Capital (ROIC TTM) | -17.26% |
APLD Profitability & Growth Prospects: Margins, Revenue & Earnings
An analysis of Applied Digital’s margin performance suggests the company is currently facing significant margin pressure. Despite this, APLD shows success in controlling its production costs, evidenced by a gross margin of 22.61%. Its core operations also yield a notable operating margin of -31.99%, reflecting the cost structure necessary for its growth phase.
An EBITDA margin of 3.37% indicates APLD’s capability to generate solid cash flow from its operations before accounting for financing and tax strategies. However, when all factors are considered, APLD effectively retains around -$141.32 in net profit for every $1 of its revenue over the last twelve months. While the business’s revenue is increasing at an aggressive rate of 84.30% year-over-year, investors should closely monitor whether this rapid pace can be sustained without further eroding profit margins.
With $5.85 million in EBITDA and $39.25 million in gross profit, APLD demonstrates its raw earning power. However, the -$204.64 million in net income reveals how effectively it converts that power into bottom-line results. This financial profile suggests the company is heavily focused on aggressive growth and market capture, even if it comes at the expense of short-term profitability. Despite healthy gross margins, there’s a significant disparity between the company’s gross and net margins (22.61% vs. -141.32%). This gap is likely due to high operating expenses, interest costs, or taxes, all of which are critical areas for investors to watch. Moving forward, maintaining steady or improving margins will be crucial. APLD needs to defend its pricing power and control operating costs effectively, as this will help sustain profitability, especially if revenue growth moderates.
| Metric | Value |
|---|---|
| Profit Margin (TTM) | -141.32% |
| Operating Margin (TTM) | -31.99% |
| Gross Margin (TTM) | 22.61% |
| EBITDA Margin (TTM) | 3.37% |
| Revenue (TTM) | $173.56 Million |
| Quarterly Revenue Growth (YoY) | 84.30% |
| Gross Profit (TTM) | $39.25 Million |
| EBITDA (TTM) | $5.85 Million |
| Net Income (TTM) | -$204.64 Million |
APLD Dividends & Shareholder Returns: What Investors Need to Know
Dividend Summary & Investor Implications
Based on the latest available data, Applied Digital (APLD) does not currently pay a regular dividend. This strategy suggests the company is prioritizing reinvesting its earnings back into the business. This capital is likely being used to fuel growth initiatives, expand operations, or pay down debt, rather than distributing profits directly to shareholders.
For growth-oriented investors, this can be a positive sign, indicating a focus on long-term value creation. Income-focused investors, however, will need to look elsewhere for regular payouts. The company’s last stock split occurred on April 13, 2022, with a factor of 1:6.
| Metric | Value |
|---|---|
| Payout Ratio | 0.00% |
| Trailing Dividend Yield | 0.00% |
| Last Split Date | 2022-04-13 |
| Last Split Factor | 1:6 |
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APLD Technical Analysis: Charting Price Trends, Momentum & Key Levels
Let’s shift our focus to the technical landscape for Applied Digital (APLD). The stock has seen some recent downward pressure, losing -32.14% in the last 15 days. Now, the big question is whether this presents a buying opportunity or a warning of further declines.
The current price stands at $21.09, and the overall trend is considered bullish, but with clear signs of slowing momentum. Understanding these technical nuances is crucial for navigating potential entry and exit points. You can often find detailed charts and real-time data on platforms like MarketWatch.
Trend Strength – Still Bullish
Despite recent fluctuations, APLD is currently trading above its key long-term moving averages, which generally confirms that the broader uptrend remains intact. Specifically, the 20-day Simple Moving Average (SMA) at $27.37 is acting as an immediate dynamic support level.
What does this mean for traders? As long as APLD manages to hold above its 20-day SMA ($27.37), the underlying bullish momentum could very well continue. However, it’s worth noting that a rapid rise can sometimes push a stock too far from its averages, which often increases the risk of a sharp pullback or correction.
Momentum Check – Potential Bounce Ahead?
Turning to momentum indicators, the Relative Strength Index (RSI) is currently at 10.4, which clearly signals oversold conditions. This reading often hints at a potential bounce or reversal in the near future. However, at the same time, the MACD histogram is negative, suggesting that the upward momentum is beginning to fade or consolidate.
For trading strategy, this oversold RSI reading could be seen as an opportunity for a potential bounce. Aggressive traders might look for a short-term buy signal, perhaps on a smaller time frame. More conservative traders, however, should probably wait for the RSI to definitively cross back above 30 to confirm a stronger reversal before entering a position.
Bollinger Bands – Testing Key Levels
The stock is currently trading near the middle of its Bollinger Bands, with the 20-day SMA (which forms the middle band) also at $27.37. The lower Bollinger Band, situated at $18.25, offers the next significant level of potential support.
Volume Trends – Checking for Conviction
When we look at trading volume, it’s currently near its recent average. This provides a neutral confirmation of the current price action, meaning there’s no overwhelming buying or selling pressure indicated by volume alone. It suggests that recent price movements haven’t been accompanied by exceptionally strong conviction from either bulls or bears.
Support & Resistance – The Trading Plan
Here’s a concise trading plan based on key support and resistance levels:
- ✅ If APLD holds above $27.37: The bullish trend is likely to continue, with the next target at $37.17.
- ⚠️ If it breaks below $27.37: Expect a dip towards $18.25, which is a critical support level.
- 🛑 A drop below $18.25: This could trigger a deeper correction, potentially heading towards the 200-day SMA at $17.17.
Final Verdict – Should You Buy, Hold, or Sell?
For Short-Term Traders: The trend is still positive, but you need to monitor for signs of exhaustion. A neutral stance might be the best approach until a clearer signal emerges from the MACD or significant changes in trading volume.
For Long-Term Investors: The long-term uptrend remains valid as long as the price maintains above the 200-day SMA ($17.17). A pullback into the area around the 50-day SMA ($30.54) could present a safer and more attractive buying opportunity.
For New Buyers: It’s generally wise to avoid chasing the rally at this point. Instead, wait for either a confirmed breakout above $37.17 accompanied by strong volume, or a pullback to the $27.37 area. These levels offer a much better risk/reward entry point for initiating a new position.
Bottom Line: The technical indicators suggest that the recent rally for APLD may be losing steam in the short term. While the long-term trend appears bullish, a correction seems plausible before the next major upward move. Trade carefully and always wait for clear confirmation at key technical levels.
APLD Technical Charts: Bollinger Bands, RSI, MACD Visuals
This section would typically feature visual charts for Bollinger Bands, RSI, and MACD. These charts are invaluable for technical traders, allowing them to quickly identify patterns, momentum shifts, and potential reversals at a glance. The Bollinger Bands would show volatility and price channels, while the RSI would highlight overbought or oversold conditions. The MACD charts would display momentum and trend changes, crucial for confirming signals.
Historical APLD Price & Volume Chart Insights
Here, a historical chart would present APLD’s closing price and trading volume over various periods, typically with a 20-day average volume overlay. This visual tool helps investors understand past price action and volume trends, which can be critical for predicting future movements. The ability to change the range allows for analysis of both short-term fluctuations and long-term performance.
APLD Historical Stock Performance & Recent Trading Data
Let’s examine the recent historical performance of APLD stock. Over the last 15 trading days, from November 07, 2025, to November 21, 2025, APLD experienced a return of -31.92%. During this period, the stock traded within a range of $19.00 to $33.55, with an average daily trading volume of 31,378,800 shares. This recent downturn after an earlier rally highlights the stock’s inherent volatility.
APLD Recent Trading Data: Daily Prices & Volumes
Here’s a detailed look at Applied Digital’s daily trading activity over the specified period, providing granular data on open, high, low, close prices, and volume.
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| 2025-11-21 | $21.25 | $21.49 | $19.00 | $21.09 | 36,810,200 |
| 2025-11-20 | $25.93 | $26.60 | $21.29 | $21.37 | 38,275,000 |
| 2025-11-19 | $22.80 | $24.25 | $22.40 | $23.09 | 27,489,800 |
| 2025-11-18 | $22.26 | $23.61 | $21.88 | $22.84 | 26,812,100 |
| 2025-11-17 | $23.75 | $24.67 | $22.70 | $22.93 | 25,429,800 |
| 2025-11-16 | $21.18 | $25.00 | $20.55 | $23.65 | 44,561,200 |
| 2025-11-15 | $21.18 | $25.00 | $20.55 | $23.65 | 44,561,200 |
| 2025-11-14 | $21.18 | $25.00 | $20.55 | $23.65 | 44,561,200 |
| 2025-11-13 | $25.43 | $26.00 | $22.98 | $23.06 | 31,351,800 |
| 2025-11-12 | $28.94 | $29.08 | $25.52 | $26.41 | 27,253,600 |
| 2025-11-11 | $30.35 | $30.50 | $27.64 | $28.57 | 22,741,500 |
| 2025-11-10 | $32.17 | $33.55 | $31.26 | $31.44 | 23,962,300 |
| 2025-11-09 | $29.66 | $31.22 | $28.01 | $30.98 | 25,624,100 |
| 2025-11-08 | $29.66 | $31.22 | $28.01 | $30.98 | 25,624,100 |
| 2025-11-07 | $29.66 | $31.22 | $28.01 | $30.98 | 25,624,100 |
APLD Stock Price Statistics: Volatility, Beta & Moving Averages
When examining APLD’s price range over the past year, we see a high of $40.20 and a low of $3.31. This significant gap reveals that the stock has experienced considerable fluctuations, likely influenced by broader market sentiment or specific company news. Currently, the 50-day moving average sits at $28.17, which is still above the 200-day moving average of $14.19.
This “golden cross” setup, where the shorter-term average is above the longer-term one, is often considered a bullish signal, indicating positive long-term momentum. However, APLD carries a beta of 7.06x, meaning it tends to move much more sharply than the broader market – about 606% more volatile. Combined with a high 30-day annualized volatility of 64.6%, it’s clear this stock sees frequent and significant price swings. For investors, this implies potential for substantial gains, but also a higher degree of downside risk. These indicators are crucial when deciding on position sizing or entry timing, especially if you’re managing a portfolio that aims to balance stability with growth exposure.
| Metric | Value |
|---|---|
| 52 Week High | $40.20 |
| 52 Week Low | $3.31 |
| 50 Day MA | $28.17 |
| 200 Day MA | $14.19 |
| Beta | 7.06x |
| Volatility (30d Ann.) | 64.6% |
APLD Quarterly Earnings Performance & Growth Metrics
Applied Digital (APLD)’s recent quarterly performance provides a snapshot of the company’s operational and financial trajectory. In its latest reported quarter (2025-Q3), the company recorded revenue of $64.22 million. Despite this revenue, APLD posted a net income of -$16.93 million for the quarter.
Looking at the trends, the quarter-over-quarter revenue change stood at -292.8%. However, the year-over-year revenue growth painted a more positive picture, showing a significant increase of +84.3%. This contrast highlights the company’s rapid expansion tempered by recent sequential fluctuations.
Applied Digital (APLD) Recent Quarterly Results Breakdown
Here’s a breakdown of Applied Digital’s performance over the last four reported quarters, offering a clear view of its revenue, net income, EPS, and gross margin trends.
| Quarter | Revenue | Net Income | EPS | Gross Margin |
|---|---|---|---|---|
| 2025-Q3 | $64.22 Million | -$16.93 Million | -0.07x | 13.4% |
| 2025-Q2 | -$33.30 Million | -$52.54 Million | -0.24x | -83.5% |
| 2025-Q1 | $52.92 Million | -$35.55 Million | -0.16x | 7.1% |
| 2024-Q4 | $63.87 Million | -$138.73 Million | -0.66x | 18.0% |
Key APLD Growth Metrics: Revenue & Net Income Changes
Beyond the absolute figures, understanding the growth rates is critical for assessing APLD’s trajectory. Here are the key growth metrics:
| Metric | Value |
|---|---|
| QoQ Revenue Growth | -292.8% |
| QoQ Net Income Growth | -67.8% |
| YoY Revenue Growth | +84.3% |
APLD Short Selling Insights: Shares Short & Bearish Sentiment
The current short interest in Applied Digital (APLD) stands at 79 million shares. The short ratio, also known as “days to cover,” is 2.2x. This metric indicates that, at the stock’s recent average trading volume, it would take approximately 2 days for all existing short positions to be covered. A low short ratio like this suggests that short sellers currently do not exert significant control over the stock’s price, and the risk of a prolonged “short squeeze” (where shorts are forced to buy back shares, driving prices higher) is relatively low.
However, with 30.79% of the public float sold short, a substantial percentage of the available shares are being actively bet against. This signals significant bearish conviction from a portion of the market. This level has recently increased from 72 million shares, suggesting a recent shift towards more bearish sentiment among some investors. Given this notable short interest, of potential volatility spikes. These spikes could be triggered by news events that unexpectedly force short sellers to cover their positions, leading to rapid price movements.
| Metric | Value |
|---|---|
| Shares Short | 79 Million |
| Short Ratio (Days To Cover) | 2.20x |
| Short % of Float | 30.79% |
| Shares Short (Prior Month) | 72 Million |
| Short Date | 2025-10-31 |
APLD Risk Analysis: Volatility, Drawdown & Value at Risk
Applied Digital (APLD)’s risk profile reveals a high degree of volatility, which investors must acknowledge. The annualized volatility stands at a significant 118.3%, clearly indicating a high investment risk due to frequent and substantial price fluctuations. This level of volatility suggests that the stock is prone to large daily or weekly movements, both upwards and downwards.
The Sharpe ratio of 0.82x suggests mixed risk-adjusted returns. While a positive Sharpe ratio is generally good, this specific value indicates that the returns generated might not fully compensate for the level of risk taken. Furthermore, the maximum drawdown of -81.89% highlights a significant downside risk potential during adverse market conditions. This means that at some point, the stock experienced a peak-to-trough decline of over 80%.
The Value at Risk (VaR) at a 5% confidence level shows a potential loss of -8.78% in the worst 5% of scenarios. For those with a lower risk tolerance, the VaR at 1% confidence level indicates an even steeper potential loss of -16.02%. The Sortino ratio, at 1.37x, specifically focuses on downside risk, offering additional insight into the stock’s risk-adjusted performance by penalizing only negative volatility. Investors should carefully consider these risk metrics in conjunction with their personal risk tolerance and overarching investment objectives.
| Metric | Value |
|---|---|
| Volatility (Annualized) | 118.3% |
| Value at Risk (5%) | -8.78% |
| Value at Risk (1%) | -16.02% |
| Sharpe Ratio | 0.82x |
| Sortino Ratio | 1.37x |
| Maximum Drawdown | -81.89% |
| Skewness | 3.37x |
| Kurtosis | 42.97x |
APLD Sentiment Analysis: News, Analysts & Options Market View
Current market sentiment analysis for Applied Digital (APLD) reveals a cautiously positive outlook. The composite sentiment score stands at 0.59x, with a confidence level of 36.9%. This overall positive sentiment is derived from an aggregation of various data sources, including recent news coverage, professional analyst recommendations, and activity within the options market.
Breaking down these sentiment components provides a clearer picture. News analysis currently registers as Neutral (-0.01x), suggesting that recent headlines haven’t significantly swayed sentiment in either direction. However, analyst consensus shows a distinctly Positive sentiment (0.80x), indicating that Wall Street professionals are generally bullish on APLD. The options market also reflects a Positive sentiment (0.22x), implying that options traders are leaning towards upside potential.
It’s important to view this weak overall sentiment signal (given the confidence level) alongside fundamental and technical analyses. A comprehensive investment perspective requires integrating all these factors, as sentiment can be highly fickle and prone to rapid shifts based on new information. The Put/Call Ratio of 0.39x further supports the somewhat bullish leaning in the options market.
| Metric | Value |
|---|---|
| Composite Sentiment Score | 0.59x |
| Sentiment Classification | Positive |
| Sentiment Confidence | 36.9% |
| News Sentiment | Neutral (-0.01x) |
| Analyst Sentiment | Positive (0.80x) |
| Options Sentiment | Positive (0.22x) |
| Put/Call Ratio | 0.39x |
APLD Peer Comparison: Benchmarking Against Industry Competitors
When we compare Applied Digital (APLD) to its peers, we gain valuable context for its performance and valuation. With a market cap of $6.64 billion, APLD is currently the smallest among the selected competitors, which include GoDaddy (GDDY, $17.50 billion), Okta (OKTA, $14.31 billion), and Akamai Technologies (AKAM, $13.05 billion). This size difference often implies different growth trajectories and risk profiles.
APLD currently has negative earnings, which makes a traditional P/E ratio analysis challenging. Okta (OKTA) also trades at premium multiples with a P/E of 96.62. In terms of revenue growth, APLD stands out with a strong 84.30% expansion, significantly outpacing its peers. However, APLD faces profitability challenges, reflected in its -1.41% net margin, which contrasts sharply with GDDY (17.01%), OKTA (6.08%), and AKAM (12.26%).
APLD’s negative Return on Equity (ROE) of -28.76% further highlights its current unprofitability. Regarding leverage, APLD maintains a moderate debt-to-equity ratio of 63.20. In comparison, GDDY (4217) and AKAM (111) show even higher leverage, while OKTA (13.92) has considerably lower debt levels. None of these companies currently pay a dividend, indicating a focus on reinvestment across the sector.
| Metric | APLD | GDDY | OKTA | AKAM |
|---|---|---|---|---|
| Market Cap | $6.64B | $17.50B | $14.31B | $13.05B |
| P/E Ratio | -69.82 | 21.79 | 96.62 | 26.60 |
| Revenue Growth | 84.30% | 10.30% | 12.70% | 5.00% |
| Net Margin | -1.41% | 17.01% | 6.08% | 12.26% |
| EPS | -1.01 | 5.80 | 0.84 | 3.41 |
| ROE | -28.76% | 3.69% | 2.61% | 10.64% |
| Debt-to-Equity | 63.20 | 4217 | 13.92 | 111 |
| Dividend Yield | 0.00% | 0.00% | 0.00% | 0.00% |
| 52-Week Range | 3.31 – 40.20 | 121.94 – 216.00 | 74.81 – 127.57 | 67.51 – 103.75 |
Applied Digital (APLD) Insider Transactions: Buys, Sells & Ownership Changes
Insider transaction data for Applied Digital (APLD) over the last three months reveals a notably bearish trend. We’ve observed 22 sells versus 9 buys during this period, which also includes 3 transactions with estimated pricing. When we focus specifically on discretionary open-market activity, the trend is even clearer: there were 13 market sales compared to 0 market purchases, strongly indicating that insiders are actively reducing their positions.
Additionally, 8 option exercises occurred. These can sometimes signal confidence in future price appreciation, but they are also a common part of routine portfolio management and compensation. The recent pattern of market transactions leans heavily toward selling, with insiders consistently reducing their exposure in the near term. The scale of this discretionary market selling activity should give investors pause. When individuals with the deepest insight into company operations are reducing their holdings, it certainly warrants a careful evaluation of the near-term risk/reward dynamics. You can always review the latest insider filings on the SEC Edgar database.
| Insider Name | Type | Shares Changed | Price | Shares After | Transaction Date | Filing Date |
|---|---|---|---|---|---|---|
| Benson Ella G. | SELL (Sale) [S] | -8,581 | $23.22 | 68,422 | 2025-11-24 | 2025-11-25 |
| Cummins Wes | SELL (Other) [J] | -903,970 | ~$34.66 | 722,483 | 2025-10-31 | 2025-11-04 |
| HASTINGS CHUCK | SELL (Sale) [S] | -25,000 | $34.27 | 426,612 | 2025-10-31 | 2025-10-31 |
| Nottenburg Richard N | SELL (Sale) [S] | -9,375 | $35.91 | 249,237 | 2025-10-31 | 2025-10-31 |
| Nottenburg Richard N | SELL (Sale) [S] | -5,000 | $34.80 | 258,612 | 2025-10-30 | 2025-10-31 |
| HASTINGS CHUCK | SELL (Sale) [S] | -50,000 | $35.69 | 451,612 | 2025-10-29 | 2025-10-31 |
| Benson Ella G. | SELL (Sale) [S] | -42,569 | $35.30 | 69,256 | 2025-10-29 | 2025-10-31 |
| Mohmand Mohammad Saidal LaVanway | SELL (Sale) [S] | -37,503 | $36.47 | 121,409 | 2025-10-28 | 2025-10-28 |
| Mohmand Mohammad Saidal LaVanway | SELL (Sale) [S] | -100,000 | $34.08 | 158,912 | 2025-10-24 | 2025-10-28 |
| Nottenburg Richard N | SELL (Sale) [S] | -34,375 | $33.23 | 263,612 | 2025-10-24 | 2025-10-28 |
| Lee Rachel H. | SELL (Sale) [S] | -24,213 | $33.20 | 59,400 | 2025-10-24 | 2025-10-28 |
| Cummins Wes | SELL (Exercise) [M] | -200,000 | ~$33.99 | 400,000 | 2025-10-10 | 2025-10-14 |
| Cummins Wes | SELL (Tax Payment) [F] | -78,700 | $33.99 | 2,841,329 | 2025-10-10 | 2025-10-14 |
| Cummins Wes | BUY (Exercise) [M] | +200,000 | ~$33.99* | 2,920,029 | 2025-10-10 | 2025-10-14 |
| Mohmand Mohammad Saidal LaVanway | SELL (Tax Payment) [F] | -4,919 | $26.53 | 258,912 | 2025-10-04 | 2025-10-07 |
| Mohmand Mohammad Saidal LaVanway | SELL (Tax Payment) [F] | -32,136 | $26.53 | 251,331 | 2025-10-04 | 2025-10-07 |
| Cummins Wes | SELL (Tax Payment) [F] | -39,350 | $26.53 | 2,720,029 | 2025-10-04 | 2025-10-07 |
| Nottenburg Richard N | SELL (Sale) [S] | -20,000 | $15.26 | 297,987 | 2025-09-03 | 2025-09-05 |
| Mohmand Mohammad Saidal LaVanway | SELL (Sale) [S] | -75,000 | $15.26 | 201,800 | 2025-09-03 | 2025-09-05 |
| Cummins Wes | SELL (Sale) [S] | -400,000 | $15.26 | 2,659,379 | 2025-09-03 | 2025-09-05 |
Key Risk Factors for APLD Investors
Prospective investors considering APLD should be fully aware of several inherent risk factors that could impact their investment. While this list highlights key considerations based on available data and market dynamics, it’s important to remember that it may not encompass every possible risk. Always perform your own comprehensive due diligence.
- ⚠️ The current price of $23.74 is below the 50-Day SMA of $30.54, which indicates potential short-term weakness and could signal further downward pressure.
- ⚠️ The Current Ratio of 0.65x is below 1.0. This suggests potential short-term liquidity challenges, meaning the company might struggle to cover its immediate liabilities with its current assets.
- ⚠️ Like all stocks, APLD is susceptible to general market fluctuations and broader economic conditions. These external factors can significantly impact companies operating within the Technology sector, regardless of their individual performance.
APLD Analyst Insights & Consensus: Price Targets and Recommendations
This section synthesizes the collective views of professional analysts who actively cover Applied Digital (APLD). The overwhelming consensus recommendation from these experts is a ‘Strong Buy’. A total of 10 analysts contributed to this consensus, reflecting a notable level of coverage and agreement.
The mean target price for APLD is set at $43.70. Individual price targets vary, ranging from a low of $39.00 to a high of $56.00. This average target of $43.70 suggests a substantial potential upside of roughly 84.1% compared to the current price of $23.74. This provides a clear gauge of Wall Street’s positive sentiment regarding the stock’s future potential.
| Metric | Value |
|---|---|
| Recommendation | Strong Buy |
| Mean Target Price | $43.70 |
| High Target Price | $56.00 |
| Low Target Price | $39.00 |
| Number of Analyst Opinions | 10 |
Latest News & Developments Impacting Applied Digital (APLD) Stock
Staying informed about recent news is crucial for any investor. Here are some of the latest headlines and developments concerning Applied Digital (APLD), offering insights into market perception and company activities:
- $90 Billion In Bonds Adds To AI Market Pressure
- Publisher: 24/7 Wall St.
- Published: 2025-11-25T14:44:33Z
- This Week In Cloud AI – Applied Digital Advances With Major AI Infrastructure Achievement
- Publisher: Simply Wall St.
- Published: 2025-11-25T12:37:38Z
- Alight, Applied Digital, Pure Storage, WEBTOON, and Xerox Stocks Trade Up, What You Need To Know
- Publisher: StockStory
- Published: 2025-11-24T23:50:59Z
- How Recent Developments Are Shaping the Story and Valuation for Applied Digital
- Publisher: Simply Wall St.
- Published: 2025-11-24T23:11:39Z
- 3 Russell 2000 Stocks We Approach with Caution
- Publisher: StockStory
- Published: 2025-11-24T04:32:37Z
APLD Stock: Conclusion & Investment Outlook
Synthesizing all the data, Applied Digital (APLD) currently presents a compelling, albeit complex, investment picture. We’re observing Strong Bullish technical sentiment, which suggests positive momentum in the short to medium term. This is coupled with what we assess as moderate fundamentals, indicating the company has a solid foundation but faces certain financial efficiencies and debt considerations.
The current valuation appears moderate, particularly with a Forward P/E of -69.82x, which needs to be understood in the context of its growth strategy. Looking ahead, our 1-year forecast model suggests a significant potential upside of +90.9%, targeting approximately $45.32. Furthermore, the consensus from analysts remains a ‘Strong Buy’ with a target of $43.70, reinforcing confidence in its future trajectory.
Investors should carefully weigh these points against the identified risk factors and align them with their individual investment horizon and risk tolerance. APLD is navigating a high-growth sector with aggressive expansion, and while the potential rewards are significant, the risks, particularly concerning liquidity and profitability, must not be overlooked.
Short-Term Technical Snapshot
| Metric | Value |
|---|---|
| ▲ Overall Technical Sentiment | Strong Bullish |
| ● Price Trend vs MAs | Mixed (below SMA50, above SMA200) |
| ➕ Momentum (RSI) | Oversold (10.4) |
| 📊 Support / Resistance (30d) | ~$19.00 / ~$37.17 |
Longer-Term Fundamental & Forecast Outlook
| Metric | Value |
|---|---|
| ▲ 1-Year Avg. Forecast | ~+90.9% avg. change to ≈$45.32 |
| ● Valuation Snapshot | Appears Moderate (Fwd P/E: -69.82x) |
| ▲ Analyst Consensus | Strong Buy (Target: $43.70) |
Frequently Asked Questions About APLD Stock
What is the APLD stock price prediction for the next year (2025-2026)?
Based on current models, the average 1-year price forecast for APLD is approximately $45.32. This represents a potential +90.9% change from the recent price of $23.74. It’s important to remember that this is a model-driven estimate, not a guarantee, and actual prices will fluctuate based on numerous market factors and company developments.
Will APLD stock go up or down?
The 1-year forecast model suggests the price might significantly increase on average, with a potential +90.9% change. However, the short-term direction is highly uncertain and heavily influenced by prevailing market sentiment (currently ‘Strong Bullish’), breaking news, and overall economic conditions. Technical indicators, such as the RSI showing oversold conditions, provide clues for near-term movements.
Is APLD stock a good investment right now?
Determining if APLD is a ‘good buy’ requires evaluating multiple factors. Technical sentiment is ‘Strong Bullish’, and the 1-year forecast suggests significant potential upside. Technically, the RSI at 10.4 indicates oversold conditions, potentially signaling a rebound opportunity. However, it’s crucial to consider the valuation, financial health, and growth prospects, alongside the three potentially significant risk factors identified in our report. Always align these factors with your personal investment strategy and risk tolerance.
How volatile is APLD stock?
Based on recent 30-day price action, APLD’s annualized volatility is approximately 64.6%. This level is considered elevated, indicating a high degree of recent price fluctuation. This aligns with its Beta of 7.06x, suggesting it moves much more sharply than the broader market. Higher volatility means larger potential price swings, both upwards and downwards.
What does APLD’s liquidity position reveal about its financial health?
APLD’s financial health includes a Current Ratio of 0.65x, which is below 1.0. This suggests potential short-term liquidity challenges, meaning the company might face difficulties covering its immediate liabilities. However, its robust operating cash flow of -$121.53 million and levered free cash flow of -$971.16 million are critical factors that investors should monitor closely, as they reflect the company’s ability to fund operations and manage debt.