On 12/9/24, Applied Digital Corp (NASDAQ: APLD) stock suffered a major decline of -10.8%, closing at $9.52. Moreover, trading volume in this decline was above average at 148% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.7% during the last week.
Current PriceTarget Research Rating
Applied Digital has a current Value Trend Rating of C (Neutral). 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 8 but a very high Power Rating of 99, with the Neutral Value Trend Rating the result.
Rating Review
In light of this highly negative 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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