Applied Digital Corp (NASDAQ: APLD) stock closed at $5.19 on 12/1/23 after a major increase of 11.1%. Trading volume in this advance was normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 13.8% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, APLD is expected to be a major Value Builder.
Applied Digital has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Applied Digital has a very high Power Rating of 99 and a very high Appreciation Score of 100, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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