On 4/3/24, Applied Digital Corp (NASDAQ: APLD) stock suffered a major decline of -12.8%, closing at $3.33. Moreover, this decline was accompanied by unusually high trading volume at 178% of normal. Relative to the market the stock has been extremely weak over the last nine months and has declined -24.5% during the last week.
Current PriceTarget Research Rating
APLD is expected to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Applied Digital has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Applied Digital has a very high Appreciation Score of 97 but a very low Power Rating of 11, producing the Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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