APLD Slides 36% in 3 Months: Should Investors Exit or Hold the Stock?
APLD's heavy capital needs, rising debt, delayed revenue ramp and dilution risks weigh on shares despite a $36B contracted AI pipeline.
Zacks Investment Research9/7/2026Negative
APLD
Applied Digital CorporationNASDAQTECHNOLOGYINFORMATION TECHNOLOGY SERVICES
Key Statistics
Market Cap
$7.50B
P/E Ratio
—
EPS
$-0.91
Beta
5.73
52W High
$50.73
52W Low
$13.91
50-Day MA
$29.27
200-Day MA
$32.20
Dividend Yield
—
Profit Margin
-39.90%
Forward P/E
526.32
PEG Ratio
1.83
About Applied Digital Corporation
Applied Blockchain, Inc. is engaged in crypto mining and co-hosting operations. The company is headquartered in Dallas, Texas.
Fundamentals
| Revenue (TTM) | $611.31M |
| Gross Profit (TTM) | $158.20M |
| EBITDA | $-107.03M |
| Operating Margin | -48.20% |
| Return on Equity | -8.38% |
| Return on Assets | -1.85% |
| Revenue/Share (TTM) | $2.22 |
| Book Value | $5.97 |
| Price-to-Book | 4.29 |
| Price-to-Sales (TTM) | 12.26 |
| EV/Revenue | 17.79 |
| EV/EBITDA | -7.43 |
| Quarterly Earnings Growth (YoY) | 0.00% |
| Quarterly Revenue Growth (YoY) | 406.60% |
| Shares Outstanding | $284.30M |
| Float | $250.75M |
| % Insiders | 9.88% |
| % Institutions | 75.89% |
Historical Volatility
HV 10-Day
77.34%
HV 20-Day
68.48%
HV 30-Day
94.58%
HV 60-Day
87.26%
HV Rank
31.7%
Volatility is currently contracting
Analyst Ratings
Consensus ($74.23 target)
2
Strong Buy8
Buy1
HoldLatest News
Analyzing Applied Digital vs. IREN: Accelerating Upward Trajectories vs.
When evaluating the underlying top-line business performance between these two distinct organizations, Applied Digital displays a steeper, significantly more consistent upward revenue trajectory than IREN without showing signs of a plateau. Observing the historical data over the last eight quarters, Applied Digital has achieved continuous quarter-over-quarter revenue expansion, whereas IREN experienced steady initial increases before shifting to consecutive quarter-over-quarter declines.
The Motley Fool9/6/2026Positive
15 Stocks to Watch With Short Squeeze Potential
Bond yields have the entire stock market on edge. The last thing most investors are thinking about is short squeezes, which means maybe they should be something contrarian trades have on their radar.
Schaeffers Research9/2/2026Neutral
APLD's Hyperscaler Concentration Grows: Are Revenues at Risk?
Applied Digital has $36B in contracted lease revenues, but $20B tied to one hyperscaler heightens concentration risk despite long-term safeguards.
Zacks Investment Research9/1/2026Neutral
Applied Digital Drops 4% as Rising Yields Hit AI Infrastructure, Cipher Mining Sinks 6%, Core Scientific Slides 3%
Rising long-term Treasury yields are pressuring the most capital-hungry corners of the AI infrastructure trade Tuesday morning, and the pain is landing on the pure-play buildout names rather than the broader data center category.
24/7 Wall Street9/1/2026Negative
Applied Digital: A Meltdown Worth A Buy - Crypto Miner Turned HPC Provider
A 15Y take-or-pay contract backlog, expanded opportunities of up to $85.66B, and aggressive power procurements underscore Applied Digital's robust HPC monetization prospects. The nascent capacity of 100 MW as of FQ4 '26 and the outsized, multi-year backlog of 1,410 MW by 2028 imply their accelerated growth prospects. The recent meltdown has unlocked APLD's cheap FY2029 EV/Sales of 4.75x against the big 5 hyperscalers' median of 6.81x.
Seeking Alpha9/1/2026Positive
Applied Digital Sinks 7%, IREN Tumbles 13% as Data Center Selloff Broadens Past One Name
AI data center pure plays are unwinding together Friday, with a fiscal 2026 impairment charge at IREN Limited (NASDAQ:IREN) dragging capex-heavy peers. The broadening move signals investors re-pricing the group's transition costs across the cohort.
24/7 Wall Street8/28/2026Negative
IREN Falls 6% as a $639M Mining Rig Writedown Overshadows AI Cloud Growth, TeraWulf Eases
The pivot from Bitcoin mining to AI cloud infrastructure got messier this morning as IREN, the sector's most aggressive rebuild, wrote down its old business to make room for the new one.
24/7 Wall Street8/28/2026Negative
TeraWulf Jumps 6% as NVIDIA's Guidance Reignites the Compute Trade, Applied Digital Gains 5%
TeraWulf (NASDAQ:WULF) stock is up 6% to $16.90 Thursday morning, while Applied Digital (NASDAQ:APLD) shares are climbing 5% to $28.12. Both names are riding a read-across from someone else's earnings report.
24/7 Wall Street8/27/2026Positive
Why Is Applied Digital Corporation (APLD) Up 8.4% Since Last Earnings Report?
Applied Digital Corporation (APLD) reported earnings 30 days ago. What's next for the stock?
Zacks Investment Research8/26/2026Positive
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Data last updated: 9/7/2026