Applied Digital Corp (NASDAQ: APLD) stock closed at $8.52 on 1/9/24 after a major increase of 12.3%. Moreover, trading volume in this advance was unusually high at 183% of normal. Relative to the market the stock has been strong over the last nine months and has risen 26.4% during the last week.
Current PriceTarget Research Rating
APLD is expected to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Applied Digital has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Applied Digital has a good Power Rating of 77 and a very high Appreciation Score of 100, and the Highest Value Trend Rating results.
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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