Applied Digital Corp (NASDAQ: APLD) has reported E.P.S. of $-0.03 for its first fiscal quarter (ending August 31) versus $-0.11 for the same period a year ago. For the latest four quarters through August 31, E.P.S. were $-1.17 versus $-0.55 for the same period a year ago.
Recent Price Action
On 10/9/24, Applied Digital Corp (NASDAQ: APLD) stock suffered a large decline of -5.7%, closing at $7.40. This decline was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months but has declined -8.4% 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 D (Negative). 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 9 but a slightly positive Power Rating of 67, triggering the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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