Stock analysis, trade plans, and proprietary indicators by Trend Edge.
Trend Edge rates APLD Bullish with a Setup Score of 59, net conviction 40, actionability 88. How the Setup Score works →
| Total Setup Score | 59 |
|---|---|
| Directional Bias | Bullish |
| Net Conviction | 40 |
| Actionability | 88 (in range) |
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, and HPC Hosting Business. The company provides energized infrastructure services to crypto mining customers; and cloud services to customers, such as AI and machine learning developers. Read full Trend Edge analysis →
| Current Price | $23.81 |
|---|---|
| Market Cap | $7.23B |
| Float | 250.7M |
| Shares Outstanding | 299.2M |
| P/E (Forward) | 526.32 |
| Price/Sales (TTM) | 11.82 |
| vs. Analyst Target | +179.0% to analyst PT |
| Profit Margin | -39.92% |
| Operating Margin (TTM) | -48.22% |
| Revenue (TTM) | $611M |
| Dividend Rate | None |
| Analyst Target Price | $66.43 (15 analysts) |
| Year | Revenue | Net Income | Gross Profit | EBITDA |
|---|---|---|---|---|
| 2021 | N/A | -$568,000 | -$1,000 | -$331,000 |
| 2022 | $8.5M | -$23.5M | -$13.3M | -$20.7M |
| 2023 | $55.4M | -$45.6M | $11.0M | -$36.8M |
| 2024 | $137M | -$149M | $30.0M | -$34.2M |
| 2025 | $216M | -$231M | $22.7M | -$91.8M |
| 2026 | $611M | -$244M | $158M | -$84.6M |
| Quarter | Revenue | Net Income |
|---|---|---|
| Aug 2025 | $64.2M | -$16.9M |
| Nov 2025 | $127M | -$17.5M |
| Feb 2026 | $127M | -$99.3M |
| May 2026 | $294M | -$110M |
| Insider Ownership | 7.7% |
|---|---|
| Institutional Ownership | 74.2% |
| Short Float | 23.3% |
| % of All Funds Holding | 6.39% |
| Number of Funds Holding | 562 |
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
| Timeframe | SMA | Value | Trend Context |
|---|---|---|---|
| Weekly | 10-Week SMA | $26.93 | Near-term / short-term trend |
| Weekly | 40-Week SMA | $32.12 | Medium-term trend |
| Weekly | 80-Week SMA | $24.70 | Cyclical trend (business cycle) |
| Weekly | 200-Week SMA | $13.25 | Secular trend (multi-year) |
| Monthly | 10-Month SMA | $30.47 | Near-term monthly trend |
| Monthly | 20-Month SMA | $23.51 | Medium-term monthly trend |
| Monthly | 40-Month SMA | $14.78 | Secular monthly trend |
Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
| Price Level | Type | Volume Ratio | Age |
|---|---|---|---|
| $22.90 | support | 1.10x | 11 months ago |
| $10.00 | support | 1.13x | 14 months ago |
| $4.70 | support | 1.65x | 16 months ago |
| $3.60 | support | 3.61x | 24 months ago |
| Timeframe | Avg Return | Median | Win Rate | Best | Worst |
|---|---|---|---|---|---|
| Gap | 3.98% | 0.94% | 61.11% | 28.30% | -14.34% |
| 1 Day | 5.33% | -1.00% | 44.44% | 100.00% | -35.94% |
| 1 Week | 16.35% | 8.51% | 72.22% | 97.78% | -24.02% |
| 2 Weeks | 22.14% | 12.68% | 61.11% | 168.33% | -16.45% |
| 1 Month | 17.69% | 14.68% | 66.67% | 93.40% | -42.78% |
Next earnings: December 26, 2026 (77 days away)
Insufficient historical data for monthly seasonality analysis (requires 7+ years of data).
| Day | Avg Return | Win Rate | Samples |
|---|---|---|---|
| Monday | 0.74% | 55.5% | 209 |
| Tuesday | 0.77% | 49.1% | 232 |
| Wednesday | 0.43% | 51.3% | 230 |
| Thursday | 0.35% | 44.4% | 225 |
| Friday | 0.12% | 42.0% | 226 |
Institutional holder breakdown coming soon.
Total institutional ownership: 74.2%
Total insider ownership: 7.7%
Founder-led management: Wes Cummins (Chairman and Chief Executive Officer), Jason Zhang (Co-Founder and Chief Strategy Officer)
| Total Filings | 15 |
|---|---|
| Net Value | -$10.8M |
| Net Shares Change | -699,209 |
| % of Float | -0.3% |
| C-Suite Filings | 2 |
| Clusters Detected | 2 |
| Name | Title | Net Value | Filings | Activity |
|---|---|---|---|---|
| Cummins Wes | CEO; Chairman | -$6.0M | 1 | 1 sell |
| Mohmand Mohammad Saidal LaVanway | Chief Financial Officer | -$4.8M | 1 | 1 sell |
| HASTINGS CHUCK | -$4.4M | 2 | 2 sell | |
| Nottenburg Richard N | -$4.3M | 3 | 3 sell | |
| Benson Ella G. | -$1.5M | 1 | 1 sell | |
| Lee Rachel H. | -$803,871.6 | 1 | 1 sell | |
| MILLER DOUGLAS S | -$349,800 | 1 | 1 sell |
| Period | Filings | Insiders | Net Value | Seniority |
|---|---|---|---|---|
| 2025-10-28 – 2025-10-31 | 6 | 5 | -$11.4M | 1 C-suite |
| 2026-01-14 – 2026-01-16 | 3 | 3 | -$7.2M | 1 C-suite |
| Date | Insider | Title | Net Value | Price After |
|---|---|---|---|---|
| 2026-08-06 | Nottenburg Richard N | -$2.3M | Transaction at $31.15, now -23.6% | |
| 2026-04-30 | Nottenburg Richard N | -$832,375 | Transaction at $33.30, now -28.5% | |
| 2025-10-28 | Mohmand Mohammad Saidal LaVanway | Chief Financial Officer | -$4.8M | Transaction at $34.73, now -31.4% |
| 2026-04-28 | MILLER DOUGLAS S | -$349,800 | Transaction at $34.98, now -31.9% | |
| 2026-01-30 | HASTINGS CHUCK | -$1.8M | Transaction at $38.57, now -38.3% | |
| 2025-10-31 | HASTINGS CHUCK | -$2.6M | Transaction at $35.22, now -32.4% |
Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Applied Digital Corporation (APLD) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.
Get the full AI Consult analysis for APLD on Trend Edge →