Applied Digital Corp (NASDAQ: APLD) stock closed at $7.07 on 11/6/24 after a major increase of 11.0%. NORMAL trading volume accompanied the advance. The stock has declined -10.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
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 C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Applied Digital has a very low Appreciation Score of 11 but a very high Power Rating of 91, and the Neutral Value Trend Rating results.
Rating Review
In light of this very positive 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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