Applied Digital (APLD, Financial) has seen a significant increase in option trading activity, with an impressive 79,581 call options exchanged, three times the anticipated amount. This surge has pushed the implied volatility up nearly 5 percentage points to 105.91%. The July 25 call options at strike prices of $10 and $11 are particularly active, collectively amassing close to 18,000 contracts. The Put/Call Ratio stands at a low 0.16, indicating a bullish sentiment among traders. The company's earnings report is scheduled for July 30th.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Applied Digital Corp (APLD, Financial) is $14.61 with a high estimate of $18.00 and a low estimate of $12.00. The average target implies an upside of 33.13% from the current price of $10.98. More detailed estimate data can be found on the Applied Digital Corp (APLD) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Applied Digital Corp's (APLD, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Applied Digital Corp (APLD, Financial) in one year is $9.19, suggesting a downside of 16.26% from the current price of $10.975. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Applied Digital Corp (APLD) Summary page.
