Craig-Hallum analyst George Sutton assigned a Buy rating to the stock today. The company’s shares closed last Wednesday at $8.71.
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Sutton covers the Technology sector, focusing on stocks such as Par Technology, AudioEye, and MoneyLion. According to TipRanks, Sutton has an average return of 18.4% and a 52.94% success rate on recommended stocks.
Applied Digital Corporation has an analyst consensus of Strong Buy, with a price target consensus of $12.20, a 40.15% upside from current levels. In a report released on January 8, Roth MKM also maintained a Buy rating on the stock with a $13.00 price target.
The company has a one-year high of $11.25 and a one-year low of $2.36. Currently, Applied Digital Corporation has an average volume of 16.07M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of APLD in relation to earlier this year. Most recently, in November 2024, Richard Nottenburg, a Director at APLD sold 19,369.00 shares for a total of $145,267.50.
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Applied Digital Corporation (APLD) Company Description:
Applied Science Products, Inc. operates as a technology company, which engages in the development of patented technology such as tailored plasma gas chemistry for a wide range of applications. The company was founded in May 2001 and is headquartered in Lenoir City, TN.
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