On 11/13/23, Applied Digital Corp (NASDAQ: APLD) stock suffered a major decline of -16.0%, closing at $3.94. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -27.8% during the last week.
Current PriceTarget Research Rating
APLD's future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 100 and a very high Appreciation Score of 100, with the Highest Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.