<div id="readability-page-1"><p>Applied Digital Co. (NASDAQ:APLD - Get Free Report)'s stock price was down 5.5% during mid-day trading on Friday . The stock traded as low as $6.31 and last traded at $6.39. Approximately 14,748,707 shares were traded  during trading, an increase of 106% from the average daily volume of 7,156,813 shares. The stock had previously closed at $6.76.</p><div><p><span></span><span>Get <strong>Applied Digital</strong> alerts:</span></p></div><h2>Wall Street Analyst Weigh In</h2><ul><li>Volatility in Applied Digital May Create an Entry Opportunity</li></ul><p>Several equities research analysts recently issued reports on APLD shares. Roth Mkm  reissued a &#34;buy&#34; rating and set a $10.00 price objective on shares of Applied Digital in a research note on Thursday, October 10th. HC Wainwright lifted their price objective on Applied Digital from $5.00 to $10.00 and gave the company a &#34;buy&#34; rating in a research note on Wednesday, October 16th. Needham &amp; Company LLC  reaffirmed a &#34;buy&#34; rating and set a $11.00 price target on shares of Applied Digital in a research note on Friday. Craig Hallum lifted their price target on Applied Digital from $10.00 to $12.00 and gave the stock a &#34;buy&#34; rating in a research note on Thursday, October 10th. Finally, Lake Street Capital lifted their price objective on Applied Digital from $7.00 to $11.00 and gave the stock a &#34;buy&#34; rating in a report on Thursday, October 10th. Six investment analysts have rated the stock with a buy rating,  According to data from MarketBeat.com, the company  has a consensus rating of &#34;Buy&#34; and an average target price of $10.50.</p><p><b>Get Our Latest Stock Analysis on Applied Digital</b></p><h2>Applied Digital Stock Performance</h2><ul><li>MarketBeat Week in Review – 9/9 - 9/13</li></ul><p>The company has a market cap of $1.38 billion, a PE ratio of -5.40 and a beta of 4.56. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.62. The business has a fifty day moving average of $6.66 and a 200-day moving average of $5.22. </p><p>Applied Digital (NASDAQ:APLD - Get Free Report) last announced its quarterly earnings results on Wednesday, October 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.28) by $0.13. Applied Digital had a negative return on equity of 88.87% and a negative net margin of 74.95%. The company had revenue of $60.70 million for the quarter, compared to the consensus estimate of $54.85 million. During the same quarter in the previous year, the business earned ($0.10) EPS. Applied Digital's revenue was up 67.2% compared to the same quarter last year.  Equities research analysts anticipate that  Applied Digital Co. will post -0.4 earnings per share for the current fiscal year. </p><h2>Insider Buying and Selling at Applied Digital</h2><ul><li>Is Applied Digital's Stock Set to Surge With NVIDIA's Backing?</li></ul><p>In other Applied Digital news, Director Richard N. Nottenburg sold 80,000 shares of Applied Digital stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $7.37, for a total transaction of $589,600.00. Following the sale, the director now directly owns 433,686 shares of the company's stock, valued at approximately $3,196,265.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Richard N. Nottenburg sold 80,000 shares of the business's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $7.37, for a total value of $589,600.00. Following the sale, the director now directly owns 433,686 shares of the company's stock, valued at $3,196,265.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Douglas S. Miller sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $8.01, for a total value of $80,100.00. Following the completion of the sale, the director now directly owns 208,506 shares in the company, valued at approximately $1,670,133.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 100,000 shares of company stock valued at $724,700. 11.81% of the stock is currently owned by corporate insiders. </p><h2>Institutional Trading of Applied Digital</h2><p>Hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. bought a new stake in shares of  Applied Digital in the 1st quarter worth approximately $50,000.  Headlands Technologies LLC lifted its position in  Applied Digital by 381.8% in the 2nd quarter. Headlands Technologies LLC now owns 8,749 shares of the company's stock valued at $52,000 after acquiring an additional 6,933 shares in the last quarter.  ARS Investment Partners LLC bought a new position in  Applied Digital in the 2nd quarter valued at approximately $60,000.  Beacon Harbor Wealth Advisors Inc. bought a new position in  Applied Digital in the 3rd quarter valued at approximately $83,000.  Finally, Wealth Enhancement Advisory Services LLC bought a new position in  Applied Digital in the 3rd quarter valued at approximately $88,000. 65.67% of the stock is owned by institutional investors. </p><h2>Applied Digital Company Profile</h2> (Get Free Report)<p>Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.</p><h2>Read More</h2><ul><li>Five stocks we like better than Applied Digital</li><li>What is the FTSE 100 index? </li><li>Energy Vault Soars 100%: CEO Shares Why in MarketBeat Exclusive</li><li>Stock Market Sectors: What Are They and How Many Are There? </li><li>Meta’s Q3 Earnings Beat—Is This Dip a Golden Entry Opportunity?</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>Top Nuclear Stocks Thriving on Soaring Energy Demand</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><p>→ America dodged a crisis — next time it could be much worse <span><span>(From Weiss Ratings)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05Nzcy?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD05Nzcy"/></p><h2>Should you invest $1,000 in Applied Digital right now?</h2><p>Before you consider Applied Digital, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Applied Digital wasn't on the list.</p><p>While Applied Digital currently has a &#34;Buy&#34; rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

APLD

<p>Applied Digital's stock (NASDAQ:APLD) fell 5.5% to $0.39 during mid-day trading, with a trading volume increase of 106%. Analysts maintain a "buy" rating, with price targets raised by several firms. The company reported a quarterly EPS of -$0.15, beating estimates, and a revenue increase of 67.2% year-over-year. Insider trading activity included significant sales by directors. The stock has a market cap of $0.38 billion and a consensus rating of "Buy" with an average target price of $0.50.</p>

Applied Digital (NASDAQ:APLD) Stock Price Down 5.5% - What's Next?