Applied Digital Corp (NASDAQ: APLD) stock closed at $4.14 on 5/17/24 after a major increase of 13.1%. Moreover, trading volume in this advance was above average at 130% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 24.0% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Applied Digital has a very low Appreciation Score of 14 and a very low Power Rating of 2, with the Lowest Value Trend Rating the result.
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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