Applied Digital Corporation (APLD)Technology | Information Technology Services | Dallas, United States | NasdaqGS
28.84 USD
-2.31
(-7.416%) ⇩
(July 13, 2026, 4 p.m.
EDT)
After hours: 28.65 -0.19 (-0.190%) ⇩ (July 13, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6:52 a.m. EDT
The investment case for Applied Digital is currently paralyzed by a fundamental contradiction between its explosive top-line growth and its inability to generate profit. While revenue surged nearly 140% year-over-year, the company remains deeply unprofitable with negative operating margins and a massive free cash flow burn. This disconnect has left the stock trading at a premium valuation despite a recent price collapse, which has ironically attracted speculative capital looking for a bounce. The options market confirms this tension: traders are betting on a volatile range between 30 and 40, placing heavy bets on both sides rather than committing to a long-term thesis. Until the company can demonstrate a path to profitability or a clear catalyst to turn the cash flow negative, the risk-reward profile remains skewed against the buyer. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.217283 |
| MSTL | 0.234414 |
| AutoETS | 0.255223 |
| AutoARIMA | 0.266666 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 36% |
| H-stat | 0.92 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.225 |
| Excess Kurtosis | -0.58 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 110.128 |
| Revenue per Share | 1.228 |
| Market Cap | 8,241,593,344 |
| Forward P/E | -23.45 |
| Beta | 5.68 |
| Profit Margins | -59.47% |
| Previous Name | Applied Science Products, Inc. |
| Website | https://applieddigital.com |
As of July 11, 2026, 6:52 a.m. EDT: Speculators are positioning for significant volatility rather than a clear directional breakout. Call volume is heavy near the money (31-32 strikes) with massive open interest walls at 35, 37, and 40, suggesting a 'floor' defense. However, put volume is equally aggressive, with massive open interest at 30 and 28, creating a tight range-bound expectation. The implied volatility is extremely elevated (over 100% for longer-dated contracts), indicating the market prices in a binary event or severe dislocation rather than steady appreciation.
| Attribute | Value |
|---|---|
| 52 Week Change | 2.2720587 |
| Address1 | 3,811 Turtle Creek Boulevard |
| Address2 | Suite 2100 |
| All Time High | 50.725 |
| All Time Low | 0.85 |
| Ask | 30.92 |
| Ask Size | 2 |
| Audit Risk | 10 |
| Average Analyst Rating | 1.2 - Strong Buy |
| Average Daily Volume10 Day | 20,566,030 |
| Average Daily Volume3 Month | 22,288,480 |
| Average Volume | 22,288,480 |
| Average Volume10Days | 20,566,030 |
| Beta | 5.68 |
| Bid | 26.66 |
| Bid Size | 2 |
| Board Risk | 6 |
| Book Value | 5.541 |
| City | Dallas |
| Compensation As Of Epoch Date | 1,767,139,200 |
| Compensation Risk | 10 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 28.84 |
| Current Ratio | 2.382 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,782,777,600 |
| Day High | 31.0999 |
| Day Low | 28.485 |
| Debt To Equity | 110.128 |
| Display Name | Applied Digital |
| Earnings Call Timestamp End | 1,775,682,000 |
| Earnings Call Timestamp Start | 1,775,682,000 |
| Earnings Timestamp End | 1,785,355,200 |
| Earnings Timestamp Start | 1,785,355,200 |
| Ebitda | 13,905,000 |
| Ebitda Margins | 0.04355 |
| Enterprise To Ebitda | 742.528 |
| Enterprise To Revenue | 32.34 |
| Enterprise Value | 10,324,858,880 |
| Eps Current Year | -0.33 |
| Eps Forward | -1.23 |
| Eps Trailing Twelve Months | -0.38 |
| Esg Populated | 0 |
| Exchange | NMS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 41.1386 |
| Fifty Day Average Change | -12.298599 |
| Fifty Day Average Change Percent | -0.29895523 |
| Fifty Two Week Change Percent | 227.20587 |
| Fifty Two Week High | 50.725 |
| Fifty Two Week High Change | -21.884998 |
| Fifty Two Week High Change Percent | -0.43144405 |
| Fifty Two Week Low | 9.235 |
| Fifty Two Week Low Change | 19.605 |
| Fifty Two Week Low Change Percent | 2.122902 |
| Fifty Two Week Range | 9.235 - 50.725 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,649,856,600,000 |
| Float Shares | 261,739,178 |
| Forward Eps | -1.23 |
| Forward P E | -23.447155 |
| Free Cashflow | -1,496,915,328 |
| Full Exchange Name | NasdaqGS |
| Full Time Employees | 205 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,782,864,000 |
| Gross Margins | 0.45409 |
| Gross Profits | 144,975,008 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.09347 |
| Held Percent Institutions | 0.71878 |
| Implied Shares Outstanding | 285,769,539 |
| Industry | Information Technology Services |
| Industry Disp | Information Technology Services |
| Industry Key | information-technology-services |
| Ipo Expected Date | 2,022-04-13 |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,748,649,600 |
| Last Split Date | 1,649,808,000 |
| Last Split Factor | 1:6 |
| Long Business Summary | Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting Business, and HPC Hosting Business. The company offers infrastructure services to crypto mining customers; and GPU computing solutions for critical workloads related to AI, machine learning, and other HPC tasks. It also engages in the designing, constructing, and managing of data centers to support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation has an lease agreement with CoreWeave for an additional 150MW at its Polaris Forge 1 Campus in Ellendale, North Dakota. Applied Digital Corporation is based in Dallas, Texas. |
| Long Name | Applied Digital Corporation |
| Market | us_market |
| Market Cap | 8,241,593,344 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_3563673 |
| Most Recent Quarter | 1,772,236,800 |
| Name Change Date | 2,026-07-13 |
| Net Income To Common | -119,756,000 |
| Next Fiscal Year End | 1,780,185,600 |
| Non Diluted Market Cap | 8,901,721,139 |
| Number Of Analyst Opinions | 11 |
| Open | 30.282 |
| Operating Cashflow | -36,005,000 |
| Operating Margins | -0.20466 |
| Overall Risk | 9 |
| Payout Ratio | 0.0 |
| Peg Ratio | 1.83 |
| Phone | 214 427 1704 |
| Post Market Change | -0.19000053 |
| Post Market Change Percent | -0.65880907 |
| Post Market Price | 28.65 |
| Post Market Time | 1,783,987,194 |
| Prev Name | Applied Science Products, Inc. |
| Previous Close | 31.15 |
| Price Eps Current Year | -87.393936 |
| Price Hint | 2 |
| Price To Book | 5.204837 |
| Price To Sales Trailing12 Months | 25.814512 |
| Profit Margins | -0.59472 |
| Quick Ratio | 1.722 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.18182 |
| Region | US |
| Regular Market Change | -2.31 |
| Regular Market Change Percent | -7.41573 |
| Regular Market Day High | 31.0999 |
| Regular Market Day Low | 28.485 |
| Regular Market Day Range | 28.485 - 31.0999 |
| Regular Market Open | 30.282 |
| Regular Market Previous Close | 31.15 |
| Regular Market Price | 28.84 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 14,969,955 |
| Return On Assets | -0.00598 |
| Return On Equity | -0.055609997 |
| Revenue Growth | 1.393 |
| Revenue Per Share | 1.228 |
| Sand P52 Week Change | 0.20847368 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 3 |
| Shares Outstanding | 285,769,539 |
| Shares Percent Shares Out | 0.2484 |
| Shares Short | 70,993,690 |
| Shares Short Previous Month Date | 1,780,012,800 |
| Shares Short Prior Month | 77,160,796 |
| Short Name | Applied Digital Corporation |
| Short Percent Of Float | 0.2697 |
| Short Ratio | 3.41 |
| Source Interval | 15 |
| State | TX |
| Symbol | APLD |
| Target High Price | 106.0 |
| Target Low Price | 40.0 |
| Target Mean Price | 73.36364 |
| Target Median Price | 79.0 |
| Total Cash | 1,730,439,936 |
| Total Cash Per Share | 6.055 |
| Total Debt | 2,827,480,064 |
| Total Revenue | 319,262,016 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -0.38 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 32.5541 |
| Two Hundred Day Average Change | -3.7141 |
| Two Hundred Day Average Change Percent | -0.11409008 |
| Type Disp | Equity |
| Volume | 14,969,955 |
| Website | https://applieddigital.com |
| Zip | 75,219 |