Applied Digital Corp (NASDAQ: APLD) stock closed at $7.85 on 10/8/24 after a major increase of 10.6%. However, trading volume in this advance was below average at 80% of normal. Relative to the market the stock has been strong over the last nine months but has declined -4.8% 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 D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Applied Digital has a very low Appreciation Score of 9 but a slightly positive Power Rating of 67, resulting in the Negative Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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