Applied Digital Corp (NASDAQ: APLD) stock closed at $6.70 on 9/23/24 after a major increase of 11.3%. Moreover, trading volume in this advance was above average at 139% of normal. The stock has performed in line with the market over the last nine months and has risen 10.0% 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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Applied Digital has a poor Power Rating of 26 and a very low Appreciation Score of 11, triggering 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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