Applied Digital (NASDAQ:APLD) Stock Price Up 1.8% – Time to Buy?

by · The Cerbat Gem

Applied Digital Corporation (NASDAQ:APLD – Get Free Report) shares shot up 1.8% during mid-day trading on Wednesday . The company traded as high as $25.94 and last traded at $24.52. 28,794,398 shares changed hands during mid-day trading, a decline of 17% from the average session volume of 34,704,496 shares. The stock had previously closed at $24.08.

Applied Digital News Roundup

Here are the key news stories impacting Applied Digital this week:

  • Positive Sentiment: Applied Digital announced a plan to spin out its cloud business and combine it with Ekso Bionics to form ChronoScale, a focused AI/GPU‑accelerated cloud platform intended to address capacity constraints in the AI market — a strategic move that can unlock value and create a pure‑play business for AI compute. Applied Digital to Spin Out Cloud Business
  • Positive Sentiment: Coverage and market write‑ups highlight the ChronoScale launch as a growth catalyst for Applied Digital’s cloud unit and a rationale for re‑rating the stock; this narrative is driving buy‑side interest and intraday gains. Spin-Off Buzz
  • Positive Sentiment: Analysts turned more bullish: Northland named APLD a “Top Pick” for 2026 and reaffirmed an outperform with a $40 price target, while Lake Street reaffirmed a buy with a $45 target — both imply substantial upside vs. current levels and support further investor interest. Northland Top Pick
  • Neutral Sentiment: Market scanners noted “moderately bullish” trading activity (small upticks in volume/price); this reflects headline‑driven momentum more than new fundamentals. Moderately Bullish Activity
  • Negative Sentiment: Some recent volatility and a prior intraday decline were noted and discussed in coverage — investors should watch deal terms, potential dilution, regulatory/timing risk and execution around the spin‑out, which could cause pullbacks. Why APLD Fell

Wall Street Analyst Weigh In

Several research analysts have issued reports on APLD shares. Lake Street Capital reiterated a “buy” rating and set a $45.00 price objective on shares of Applied Digital in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Applied Digital in a report on Wednesday, October 8th. B. Riley reissued a “buy” rating on shares of Applied Digital in a report on Wednesday, October 22nd. Northland Securities restated an “outperform” rating and issued a $40.00 price target on shares of Applied Digital in a research report on Tuesday. Finally, Citigroup reaffirmed an “outperform” rating on shares of Applied Digital in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Applied Digital has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

Check Out Our Latest Analysis on APLD

Applied Digital Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.29. The stock’s 50-day moving average price is $27.98 and its 200-day moving average price is $20.84. The company has a market capitalization of $6.85 billion, a price-to-earnings ratio of -21.70 and a beta of 6.95.

Applied Digital (NASDAQ:APLD – Get Free Report) last posted its quarterly earnings data on Thursday, October 9th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. Applied Digital had a negative net margin of 111.29% and a negative return on equity of 37.14%. The firm had revenue of $64.22 million during the quarter, compared to analysts’ expectations of $52.25 million. During the same quarter in the previous year, the company posted ($0.15) EPS. Applied Digital’s revenue was up 84.3% on a year-over-year basis. Equities research analysts anticipate that Applied Digital Corporation will post -0.96 earnings per share for the current year.

Insider Buying and Selling at Applied Digital

In related news, Director Chuck Hastings sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $35.69, for a total value of $1,784,500.00. Following the transaction, the director owned 451,612 shares in the company, valued at $16,118,032.28. This trade represents a 9.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mohammad Saidal Lavanw Mohmand sold 100,000 shares of Applied Digital stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $34.08, for a total value of $3,408,000.00. Following the completion of the sale, the chief financial officer owned 158,912 shares of the company’s stock, valued at approximately $5,415,720.96. The trade was a 38.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 328,035 shares of company stock valued at $11,376,479 over the last ninety days. Company insiders own 9.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of Applied Digital by 56,450.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,131 shares of the company’s stock valued at $26,000 after buying an additional 1,129 shares during the period. Dagco Inc. bought a new position in Applied Digital during the third quarter worth about $27,000. Evolution Wealth Management Inc. grew its stake in Applied Digital by 101.8% in the third quarter. Evolution Wealth Management Inc. now owns 1,600 shares of the company’s stock valued at $37,000 after acquiring an additional 807 shares during the period. Allworth Financial LP increased its holdings in shares of Applied Digital by 70.0% in the third quarter. Allworth Financial LP now owns 1,746 shares of the company’s stock worth $40,000 after acquiring an additional 719 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Applied Digital by 124.9% during the third quarter. CoreCap Advisors LLC now owns 1,804 shares of the company’s stock worth $41,000 after purchasing an additional 1,002 shares during the period. Institutional investors and hedge funds own 65.67% of the company’s stock.

Applied Digital Company Profile

(Get Free Report)

Applied Digital (NASDAQ: APLD) is a technology company specializing in the development and operation of large-scale digital infrastructure and sustainable Bitcoin mining solutions. Through its integrated platform, the company designs, builds and manages turnkey data center facilities while also providing comprehensive hosting services for cloud, colocation and enterprise computing needs. Applied Digital’s modular approach to facility design enables rapid deployment of capacity and streamlined integration of power, cooling and network connectivity.

In addition to its data center business, Applied Digital operates a network of Bitcoin mining sites that leverage vertically integrated capabilities, including hardware procurement, mining farm engineering, energy management and real-time performance monitoring.

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