On 3/8/24, Applied Digital Corp (NASDAQ: APLD) stock enjoyed a major increase of 10.3%, closing at $4.59. NORMAL trading volume accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 10.6% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, APLD is expected to be a major Value Builder.
Applied Digital has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Applied Digital has a very high Appreciation Score of 98 but a very low Power Rating of 11, with the Neutral Value Trend Rating the result.
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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