Applied Digital Corp (NASDAQ: APLD) stock closed at $5.46 on 6/17/24 after a major increase of 17.4%. Moreover, exceptionally high trading volume at 301% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 21.3% 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). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Applied Digital has a very low Appreciation Score of 12 and a very low Power Rating of 5, resulting in the Lowest Value Trend Rating.
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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