On 7/31/24, Applied Digital Corp (NASDAQ: APLD) stock enjoyed a major increase of 22.1%, closing at $4.86. Moreover, trading volume in this advance was above average at 127% of normal. Relative to the market the stock has been weak over the last nine months and has declined -3.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be below the cost of capital, APLD is expected to continue to be a modest Value Eraser.
Applied Digital has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Applied Digital has a very low Appreciation Score of 12 and a very low Power Rating of 6, producing the Lowest Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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