Applied Digital Corp (NASDAQ: APLD) stock closed at $8.05 on 10/16/24 after a major increase of 10.3%. Trading volume in this advance was normal. The stock has risen 2.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Applied Digital has a very low Appreciation Score of 9 but a good Power Rating of 84, with the Low 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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