DALLAS, TX – Shares of Applied Digital Corporation (NASDAQ: APLD), a designer and operator of next-generation digital infrastructure, are having a strong trading session today, climbing nearly 3% and decisively breaking above the key psychological price level of $10. The move comes as investors look past current earnings to a future that analysts believe holds significant potential.
As of 12:32 PM EDT, APLD stock was trading at $10.03, a solid gain of $0.27, or 2.82%. The stock saw a dramatic spike at the market’s open, reaching a day’s high of $10.24, signaling strong buying interest.
The most compelling story for investors, however, is the significant gap between the current price and Wall Street’s expectations. The listed 1-year analyst target estimate for APLD is $14.61. This target suggests a potential upside of more than 45% from its current level, indicating a strong bullish consensus on the company’s long-term growth trajectory in the high-demand sectors of AI cloud services and Bitcoin mining infrastructure.
Applied Digital is known for its high volatility, a characteristic underscored by its 5-year monthly beta of 5.87. This means the stock is significantly more volatile than the broader market, attracting traders and growth-focused investors with a high tolerance for risk. This volatility is often fueled by high trading volume, and today is no exception, with over 17 million shares traded by midday.
While the company is currently in a high-growth phase and not yet profitable, as indicated by a negative EPS, its intraday market capitalization of over $2.25 billion reflects strong investor belief in its business model. For many, Applied Digital represents a pure-play investment in the foundational infrastructure powering the artificial intelligence revolution. The optimistic analyst targets suggest that the market is pricing in future success over current profitability.
Frequently Asked Questions (FAQ) about Applied Digital (APLD) Stock
Here are answers to common questions based on the provided market data.
1. What is the current stock price for Applied Digital?
As of 12:32:12 PM EDT, the stock price for Applied Digital Corporation (APLD) was $10.03.
2. What is the stock ticker for Applied Digital?
The ticker symbol is APLD, and it trades on the Nasdaq stock exchange.
3. How much did APLD stock increase today?
The stock was up $0.27, which represents a gain of 2.82%.
4. What is the 1-year analyst price target for APLD?
The 1-year target estimate for the stock is $14.61.
5. How much potential upside does the analyst target suggest?
Based on the current price of $10.03, the analyst target of $14.61 suggests a potential upside of over 45%.
6. What is the stock’s beta? What does it mean?
The 5-year monthly beta is 5.87. A beta this high indicates the stock is extremely volatile and tends to have price swings that are much larger than the overall market.
7. Is Applied Digital currently profitable?
No. According to the data, the company has a negative Earnings Per Share (EPS TTM) of -$1.47, which is common for companies in a high-growth phase.
8. Does Applied Digital pay a dividend?
No, the data indicates that APLD does not currently pay a dividend to its shareholders, as it reinvests capital for growth.
9. What is the 52-week price range for APLD?
The 52-week range is $3.01 to $15.42.
10. What is the market capitalization of Applied Digital?
The intraday market cap is approximately $2.259 billion.
11. What was the trading volume for APLD so far today?
As of the time of the screenshot, the trading volume was 17,359,285 shares.
12. What is the average daily volume for the stock?
The average daily trading volume is 52,524,445 shares.
