Stock·NASDAQ·Technology
Applied Digital Corporation (APLD)
- Market cap
- $5.39B
- Dividend yield
- None
- Street target
- $70.00median of 15 analysts
- 52-week range
- $17.50 $50.73
APLD stock forecast today
Where APLD stands today, and what CleaRank Financial AI makes of it.
APLD at a glance
Applied Digital Corporation (APLD): Sell, 40/100 on CleaRank's AI score.
- Trend Down: the price is below both its 50- and 200-day moving averages ($24.85 and $31.69).
- Earnings APLD beat estimates in 8 of its last 8 quarters, yet fell the next day after 3 of those beats.
- Insiders Insiders sold $34.5M and made no open-market purchases over the last 18 months.
Figures as of October 26, 2026.
CleaRank Financial AI
APLD, also known as Applied Digital Corporation, carries a CleaRank rating of Sell and a model score of 40/100.
The analysts' outlook is the strongest contributor to that score, with 13 of 15 analysts rating it a buy and a median target 292.6% above the price. The trend pulls the score down the most: the price is 43.73% below its 200-day average and 28.24% below its 50-day average, and the 50-day average is 21.60% below the 200-day. The 50-day average is $24.85 and the 200-day is $31.69. Over the past year, the price fell 46.66%.
Only on CleaRank
Figures we compute ourselves from APLD's own price, earnings and insider-filing history. Tap one to see it in context.
APLD stock price and trading
The chart, today's range and how far the price has moved over each period.
Trend checks
0/4Price above its 50-day average ›
The price of $17.83 is 28.2% below the 50-day simple moving average of $24.85.Price above its 200-day average ›
The price is 43.7% below the 200-day simple moving average of $31.69.50-day average above the 200-day ›
The 50-day average ($24.85) is 21.6% below the 200-day average ($31.69), the arrangement of a falling longer-term trend.In the upper half of its 52-week range ›
The price sits at 1% of its 52-week range, between $17.50 and $50.73.
APLD share price
Pick a period: each tab shows how far APLD has moved over it, to the last close.
Today's trading
Where APLD sits inside today's range and its 52-week range.
APLD fundamentals and valuation
Valuation against the sector, and the revenue and earnings behind it.
Valuation and quality checks
2/3P/S below the sector median ›
The price-to-sales ratio of 6.18 is 18.7% below the sector median of 7.6.Profitable over the last 12 months ›
Net income over the last 12 months was -$451.8M on revenue of $872.3M, a net margin of -51.8%.Beat estimates in most recent reports ›
APLD beat the EPS estimate in 8 of its last 8 reports.
Key statistics
The headline figures for APLD.
As of October 26, 2026, APLD trades at $17.83, with a market value of $5.39B and no P/E ratio (its trailing earnings are negative).
What the numbers say
CleaRank Financial AI's reading of APLD's valuation, growth and risks.
APLD has no meaningful P/E, because its earnings per share over the last 12 months are negative. Applied Digital Corporation (APLD) is better read on sales: its P/S of 6.18 is 18.7% below the sector median P/S of 7.6. Trailing earnings stand at -$0.91 a share.
The company is losing money, with a net margin of -51.8% and an operating margin of -18.25%, and a return on equity of -13.62%, below the sector median of 13.4%. Debt-to-equity of 1.71 rounds out the fundamentals.
APLD's most recent earnings report came out on October 7, 2026. It showed -$0.01 a share against an analyst estimate of -$0.30, which beat what analysts had expected. The share price moved 0.17% higher in the following session.
APLD has beaten its EPS estimate in each of its last 8 reports, yet the stock still fell in the first session after 3 of its last 8 beats. Further back, the stock rose 8.05% after the January 7, 2026 report, which beat the estimate by 41.67%. For this fiscal year, analysts average an EPS estimate of -$1.06, and they expect -$0.78 for the next one.
APLD's average daily move is 5.08%, and its beta against the S&P 500 is 6.00. Risk is also tied to the downtrend, which persists while the price stays under both moving averages. The price is 64.85% below its 52-week high of $50.73. Insiders sold $34.5M of stock over the last 18 months and made no open-market purchases. Sales like these are often planned in advance or made to cover tax on vesting shares, so they carry less weight than buying would.
APLD against the Technology sector
How APLD compares with the median Technology stock CleaRank tracks.
Price to sales vs sector: On price-to-sales, the yardstick used here in place of P/E, APLD trades at 6.18x, -19% versus the sector average of 7.60x.
Return vs XLK: Since May 14, 2025, APLD has gained 198.2% against a gain of 59.2% for XLK.
Performance against XLK
APLD and the Technology sector fund over the same days.
Revenue and earnings
How much APLD sells, and how much of it becomes profit.
The quarterly bars end with Q1 '26 (the quarter to February 28, 2026); APLD reported again on October 7, 2026, and that quarter is not in our statement data yet. The 12-month figures come from the statistics feed and may include it.
Revenue growth: Revenue fell 12.9% in FY2025 to $144M, from $166M a year earlier.
Profit margin: The net margin was -160.2% in FY2025, down from -90.4% the year before.
Loss-making: APLD lost $231M in FY2025.
Earnings reality check
Did APLD beat what analysts expected, and how did the stock react?
Earnings record: APLD beat the analyst estimate in 8 of the last 8 quarters.
Market reaction: The stock fell in the first session after 3 of those 8 beats, so a beat has not been enough on its own.
| Report | Estimate | Actual | Surprise | First session | 5 sessions |
|---|---|---|---|---|---|
| Oct 7, 2026after close | -$0.30 | -$0.01 | +96.67% | +0.17% | -14.64% |
| Jul 27, 2026after close | -$0.19 | $0.04 | +121.05% | +0.93% | +11.81% |
| Apr 8, 2026after close | -$0.21 | $0.09 | +142.86% | -7.99% | +10.87% |
| Jan 7, 2026after close | -$0.12 | -$0.07 | +41.67% | +8.05% | +22.12% |
| Oct 9, 2025after close | -$0.15 | -$0.03 | +80.00% | +16.05% | +25.09% |
| Jul 30, 2025after close | -$0.21 | -$0.03 | +85.71% | +31.01% | +47.46% |
| Apr 14, 2025after close | -$0.10 | -$0.08 | +20.00% | -35.94% | -24.95% |
| Jan 14, 2025after close | -$0.14 | -$0.06 | +57.14% | -1.99% | +12.88% |
As of October 26, 2026, APLD has beaten the analyst EPS estimate in 8 of its last 8 reported quarters and fell in the first trading session after 3 of those beats; its latest report, on October 7, 2026, came in 96.67% above the estimate and the stock moved +0.17% in the first session.
The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.
APLD AI analysis and technical indicators
CleaRank's score and reasoning, the indicators behind it, and what the price moves with.
Momentum checks
1/3RSI not overbought or oversold ›
The 14-day RSI is 32.5, showing bearish momentum without being oversold.RSI above 50 ›
An RSI of 32.5 is below the 50 midpoint, so sellers have had the upper hand over the last 14 days.MACD line above zero ›
The MACD line is negative, so the 12-day average is below the 26-day average.
CleaRank Financial AI analysis of APLD
The score, the reasoning behind it, and what could move the price next.
Applied Digital Corporation (APLD) is in a downtrend: both of its moving averages sit above the price. At $17.83, the stock is 28.24% below its 50-day average of $24.85 and 43.73% below its 200-day average of $31.69. The price sits at 1% of its 52-week range, 1.89% above the 52-week low of $17.50. The 50-day average is 21.60% below the 200-day, a gap that backs up the weak trend rather than cutting against it.
On momentum, the 14-day RSI reads 32.5, in the bearish zone, above the oversold line, with the MACD line negative. The recent returns all show a loss, with the price down 32.40% over the past three months, 47.04% over the past six months and 46.66% over the past year.
Earnings beat ›
The October 7, 2026 report beat the EPS estimate by 96.67%, and the share price rose 0.17% in the first session after it.
Source: Earnings report, October 7, 2026New analyst coverage ›
UBS started coverage at Buy on September 23, 2026.
Source: Analyst action, UBS, September 23, 2026
New analyst coverage ›
Rothschild & Co started coverage at Neutral on September 21, 2026.
Source: Analyst action, Rothschild & Co, September 21, 2026
- Keep an eye on the two nearest levels: the 20-day EMA at $21.46 sits above the price, and the 52-week low at $17.50 sits below it.
- A 14-day RSI of 32.5 lands in the bearish zone, and the MACD line is negative. Readings above 70 or below 30 would signal stretched momentum.
- Following the October 7, 2026 report, the share price rose 0.17% in the first session. APLD has beaten estimates in 8 of the last 8 reports.
APLD stays in a downtrend while it sits below both its 50-day average of $24.85 and its 200-day average of $31.69. A close back above the 50-day would mark the first sign of repair. Overhead, the 20-day EMA at $21.46 is the first hurdle.
The next level below the price is the 52-week low, at $17.50.
Technical indicators
Momentum and trend for APLD, from its daily closes.
As of October 26, 2026, with APLD at $17.83, its 14-day RSI is 32.5 (showing bearish momentum without being oversold), its 50-day simple moving average is $24.85 and its 200-day is $31.69.
Calculated by CleaRank on daily closes as of October 26, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26). How we calculate these
What APLD moves with
Correlation of daily returns over one year: +1 moves in step, 0 has no link, -1 moves the opposite way.
As of October 26, 2026, APLD's 1-year correlation of daily returns is +0.40 with S&P 500 (SPY), +0.44 with Nasdaq 100 (QQQ), +0.41 with Bitcoin (BTC) and +0.22 with gold (XAU).
APLD price target and analyst forecast
The analysts' target range and how their ratings split.
Analysts checks
2/3Most analysts rate it a buy ›
13 of 15 analysts rate it a buy or strong buy, 2 a hold and 0 a sell.Median target above the price ›
The median 12-month target of $70.00 is 292.6% above the price.More buy ratings than three months ago ›
13 of 15 rate it a buy now, against 10 of 11 three months ago.
APLD Wall Street View
12-month price targets
The price, $17.83, sits below every analyst's target.
Ratings
Recent rating actions
| Date | Firm | Action | Rating |
|---|---|---|---|
| Oct 12, 2026 | Morgan Stanley | Maintains | Equal-Weight |
| Oct 8, 2026 | Wells Fargo | Maintains | Overweight |
| Oct 8, 2026 | Freedom Capital Markets | Maintains | Buy |
| Oct 8, 2026 | Needham | Maintains | Buy |
| Sep 23, 2026 | UBS | Initiates | Buy |
| Sep 21, 2026 | Rothschild & Co | Initiates | Neutral |
As of October 26, 2026, 15 Wall Street analysts cover APLD: 13 rate it a buy or strong buy, 2 a hold and 0 a sell or strong sell. Their 12-month price targets range from $22.00 to $93.00. The median APLD price target is $70.00, 292.6% above the price of $17.83.
Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.
APLD trade plan: entry, stop loss and targets
Entry, stop and target levels from the moving averages and recent volatility. Educational, not advice.
APLD trade plan
Entry, stop and target levels, sized to your account. Change the bias or the risk and every level updates.
Short entry pick an entry style
Risk management
Profit targets (Based on Conservative Entry)
APLD moves about 5.1% a day on average, so a stop can fill well past its level. Educational levels, not financial advice; the full disclaimer is at the foot of the page.
Risk profile
How much APLD tends to move, against the market and on its own.
APLD price history and drawdowns
APLD's worst falls and recoveries, what $10,000 became, and which months have been kind to it.
Track record checks
3/4Average daily move under 2% ›
The price has moved 5.08% on an average day (30-day standard deviation of daily returns).Recovered from its worst fall ›
The worst fall was 89.8%, from June 2018 to October 2019, regained by January 2021.Most 1-year holds ended higher ›
69% of 1-year holding periods in the last 10 years ended with a gain.Beat the S&P 500 since the chart begins ›
$10,000 invested in October 2016 is now worth $12,212,329, against $42,015 in the S&P 500 (SPY).
APLD Drawdowns & Recovery
As of October 26, 2026, APLD's worst peak-to-trough fall over the last 10 years with dividends reinvested was -89.8% (June 2018 to October 2019); it regained that peak by January 2021, 15 months after the low, and 69% of 1-year holding periods ended with a gain.
From weekly closing values with dividends reinvested. A drawdown is the fall from the highest value reached so far to a later low.
Growth of $10,000
What $10,000 put into APLD in October 2016 is worth now, against the same amount in the S&P 500.
Against the market: APLD beat the S&P 500 over this period: $12,212,329 against $42,015.
A $10,000 investment in APLD in October 2016 would be worth about $12,212,329 today with dividends reinvested, compared with about $42,015 for the same investment in the S&P 500 benchmark (also with dividends reinvested).
Seasonal patterns
Which calendar months have been kind to APLD, and which have not.
Strongest month, April: an average of +87.88%, up in 5 of 10 years.
Weakest month, February: an average of -10.28%, up in 4 of 10 years.
This month, October: has averaged +10.88%, up in 4 of 9 years. Past seasonality does not repeat on schedule.
Over the last 10 years, APLD's strongest calendar month has been April (average +87.88%, up in 5 of 10 years) and its weakest February (average -10.28%, up in 4 of 10 years).
Average return for each calendar month over the last 10 years, from weekly closing prices with dividends included.
APLD stock price prediction 2030
Thousands of simulated paths from the price history. A range of outcomes, not a forecast.
Monte Carlo projection
Thousands of simulated paths for $10,000 in APLD, from its own past volatility. The shaded area holds 80% of them.
CleaRank's 4-year Monte Carlo simulation, based on 10 years of price history, projects that a $10,000 investment in APLD today could grow to about $15,716 by 2030 in the base case, with a 90th-percentile outcome near $56,614 and a 10th-percentile outcome around $4,363. Projections are statistical simulations, not guarantees.
APLD Stock Price Prediction 2030: Simulated Scenarios
The same simulation in share prices, year by year.
CleaRank's simulation projects a price near $28.02 for APLD by 2030 in the base case, from $17.83 today (1.6x over 4 years). The 10th-percentile path ends near $7.78. These are outcomes of a Monte Carlo simulation run on APLD's historical return distribution, not price targets, and they assume no dividends are reinvested.
| Year | 10th percentile | Base case | 90th percentile | range base today |
|---|---|---|---|---|
| 2027 | $10.52 | $19.96 | $37.89 | |
| 2028 | $9.03 | $22.35 | $55.32 | |
| 2029 | $8.25 | $25.03 | $75.93 | |
| 2030 | $7.78 | $28.02 | $101 |
Method: a lognormal simulation of APLD's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles. APLD is highly volatile, so its upside column reaches an extreme multiple; treat it as a statistical tail, not an expectation. How the simulation works
APLD insider trading
What the people running the company have bought and sold.
APLD insider trading
Shares the company's directors and officers bought and sold, from their own filings.
Month by month
Open-market purchases above the line, sales below.
Net insider selling: No insider bought APLD shares on the open market in the last 18 months. Sales are often planned in advance or cover tax on vesting shares, so they say less than purchases would.
As of October 26, 2026, APLD insiders reported 26 open-market sales worth $34.5M and no open-market purchases over the last 18 months; grants and option exercises are not counted.
| Date | Insider | Type | Shares | Value |
|---|---|---|---|---|
| Oct 9, 2026 | Wesley Cummins
Chief Executive Officer
|
Grant | 100.0K | - |
| Oct 2, 2026 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Grant | 81.7K | - |
| Aug 4, 2026 | Richard N Nottenburg
Director
|
Sell | 75.0K | $2.3M |
| Jul 31, 2026 | Wesley Cummins
Chief Executive Officer
|
Grant | 1.6M | - |
| Jul 31, 2026 | Laura Laltrello
Chief Operating Officer
|
Grant | 600.0K | - |
| Jul 31, 2026 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Grant | 245.0K | - |
| Jul 31, 2026 | Jason Gechen Zhang
President
|
Grant | 600.0K | - |
| Jul 1, 2026 | Jason Gechen Zhang
President
|
Grant | 675.0K | - |
| Jun 22, 2026 | Wesley Cummins
Chief Executive Officer
|
Grant | 800.0K | - |
| Jun 22, 2026 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Grant | 490.0K | - |
| Apr 30, 2026 | Richard N Nottenburg
Director
|
Sell | 25.0K | $832.4K |
| Apr 27, 2026 | Douglas S Miller
Director
|
Sell | 10.0K | $349.8K |
| Apr 10, 2026 | Wesley Cummins
Chief Executive Officer
|
Grant | 100.0K | - |
| Apr 2, 2026 | Wesley Cummins
Chief Executive Officer
|
Grant | 100.0K | - |
| Apr 2, 2026 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Grant | 94.2K | - |
| Feb 6, 2026 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Grant | 250.0K | - |
| Feb 6, 2026 | Jason Gechen Zhang
President
|
Grant | 500.0K | - |
| Jan 29, 2026 | Chuck Hastings
Director
|
Sell | 46.0K | $1.8M |
| Jan 22, 2026 | Douglas S Miller
Director
|
Grant | 6.0K | - |
| Jan 16, 2026 | Wesley Cummins
Chief Executive Officer
|
Sell | 165.0K | $6.0M |
| Jan 15, 2026 | Richard N Nottenburg
Director
|
Sell | 23.6K | $834.9K |
| Jan 12, 2026 | Douglas S Miller
Director
|
Sell | 10.0K | $385.4K |
| Jan 6, 2026 | Wesley Cummins
Chief Executive Officer
|
Grant | 1.5M | - |
| Nov 28, 2025 | Douglas S Miller
Director
|
Sell | 8.0K | $215.8K |
| Nov 25, 2025 | Jason Gechen Zhang
Officer
|
Grant | 170.0K | - |
| Nov 24, 2025 | Ella G Benson
Director
|
Sell | 8.6K | $199.3K |
| Nov 7, 2025 | Ella G Benson
Director
|
Grant | 7.7K | - |
| Nov 7, 2025 | Chuck Hastings
Director
|
Grant | 7.7K | - |
| Nov 7, 2025 | Rachel H Lee
Director
|
Grant | 7.7K | - |
| Nov 7, 2025 | Douglas S Miller
Director
|
Grant | 7.7K | - |
| Nov 7, 2025 | Richard N Nottenburg
Director
|
Grant | 7.7K | - |
| Oct 31, 2025 | Chuck Hastings
Director
|
Sell | 75.0K | $2.6M |
| Oct 31, 2025 | Richard N Nottenburg
Director
|
Sell | 14.4K | $510.7K |
| Oct 29, 2025 | Ella G Benson
Director
|
Sell | 42.6K | $1.5M |
| Oct 28, 2025 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Sell | 137.5K | $4.8M |
| Oct 24, 2025 | Richard N Nottenburg
Director
|
Sell | 34.4K | $1.1M |
| Oct 24, 2025 | Rachel H Lee
Director
|
Sell | 24.2K | $803.9K |
| Oct 3, 2025 | Wesley Cummins
Chief Executive Officer
|
Grant | 100.0K | - |
| Oct 3, 2025 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Grant | 94.2K | - |
| Sep 3, 2025 | Wesley Cummins
Chief Executive Officer
|
Sell | 400.0K | $6.1M |
| Sep 3, 2025 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Sell | 75.0K | $1.1M |
| Sep 3, 2025 | Richard N Nottenburg
Director
|
Sell | 20.0K | $305.2K |
| Aug 12, 2025 | Chuck Hastings
Director
|
Sell | 30.0K | $441.9K |
| Aug 8, 2025 | Richard N Nottenburg
Director
|
Sell | 11.3K | $160.0K |
| Aug 8, 2025 | Jason Zhang
Officer
|
Grant | 750.0K | - |
| Aug 7, 2025 | Douglas S Miller
Director
|
Sell | 10.0K | $150.0K |
| Aug 5, 2025 | Wesley Cummins
Chief Executive Officer
|
Grant | 83.3K | - |
| Aug 5, 2025 | Mohammad Saidal Lavanway Mohmand
Chief Financial Officer
|
Grant | 41.7K | - |
| Aug 4, 2025 | Chuck Hastings
Director
|
Sell | 100.0K | $1.3M |
| Aug 4, 2025 | Richard N Nottenburg
Director
|
Sell | 13.7K | $171.1K |
| Aug 4, 2025 | Douglas S Miller
Director
|
Sell | 10.0K | $136.3K |
| May 21, 2025 | Rachel H Lee
Director
|
Sell | 24.2K | $169.5K |
| May 16, 2025 | Ella G Benson
Director
|
Sell | 18.2K | $118.6K |
Source: TwelveData, from SEC Form 4 filings
APLD stock forecast: questions people ask
Answered from the figures on this page, as of October 26, 2026.