How to Buy Applied Digital Stock
Applied Digital Corp
Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the performance computing industry.
Applied Digital stock last closed at $2.93, up 8.12% from the previous day, and has decreased 2.01% in one year. It has underperformed other stocks in the Capital Markets industry by 0.2 percentage points. Applied Digital stock is currently +24.15% from its 52-week low of $2.36, and -74.78% from its 52-week high of $11.62.
As of Apr 23, 2024, there are 122.74M APLD shares outstanding. The market capitalization of APLD is $359.63M. In the last 24 hours, 4.48M APLD shares were traded.
How to Buy Applied Digital Stock
Not sure how to invest in Applied Digital stock? Here's how.
- Figure out where to buy Applied Digital stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you decide where to buy Applied Digital stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your method of payment and add your information.
- Research Applied Digital stock: The Applied Digital ticker symbol is APLD. Is Applied Digital stock a good investment? Should you buy shares of APLD? How do APLD's underlying business fundamentals look? Do top analysts think Applied Digital is a good buy? Why has APLD's stock price moved recently? (Hint: Our stock market analysis website can help you understand if APLD is a good stock to buy).
- Make your APLD purchase: Decide if you will purchase APLD shares at the current market price or use a limit order to purchase APLD stock at a given price.
- Monitor your APLD investment: Create a watchlist to monitor your position in Applied Digital stock.
Step 1: Figure out where to buy Applied Digital stock
You will need a brokerage account to access the NASDAQ market and buy APLD stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
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- Social investing: eToro offers a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by creating an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in APLD today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open a new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've opened your account on a good stock buying app, you need to deposit funds:
Watch the video below for more details transferring funds into your brokerage account.
Step 4: Research Applied Digital stock
After you have selected the best place to buy Applied Digital stock, it's critical to research their stock before you buy, so you truly understand the risk as well as the upside.
Applied Digital shares at a glance
APLD Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis in less time.
You can see all of the due diligence checks on APLD's stock page.
How is APLD stock valued?
Analysts use many financial metrics, analyses, models, and charts to gauge APLD's intrinsic value.
Using relative valuations methods:
- APLD could be overvalued based on its P/B ratio of 3.04x, relative to Capital Markets industry P/B ratio of 1.87x
You can access additional valuation research on APLD's stock here.
APLD Financial Health Overview
Negative Financial Indicators:
- APLD profit margin has gone up by 0.37 percentage points in the past year, but the company is still unprofitable.
- APLD has $33.98M in cash and short term investments. This is not sufficient to cover its annual cash burn of $69.57M.
- APLD has cash burn of 69573000. It does not have sufficient cash and short-term investments to cover this.
- There are more short-term liabilities than short-term assets on the APLD balance sheet.
- APLD has a relatively high debt to equity ratio of 4.43.
- There are more long-term liabilities than short-term assets on the APLD balance sheet.
- Total APLD debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy APLD stock
Out of 5 sell side analysts who monitor APLD, the consensus analyst rating on APLD is a Strong Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Applied Digital stock forecast page.
APLD Momentum
APLD Growth Metrics
Last year, APLD revenue was $143.91M. Over the past 5 year, APLD's revenue has gone up by 233.02% per year. This was faster than the Capital Markets industry average of 13.57%.
You can analyze APLD's earnings and revenue performance here.
What are APLD executives and large shareholders up to?
In the past 12 months, executives and large shareholders at APLD have sold more shares than they have bought.
Wes Cummins, CEO Chairman of APLD, was the latest APLD insider to sell. They sold $160,599.51 worth of APLD stock on Apr 4, 2024.
Learn more about who owns APLD shares here.
Can I get consistent income from APLD stock?
No, Applied Digital doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your APLD purchase
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount, use a limit order.
Click the Open button and your broker will place your order.
If you want more info about investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your APLD investment
Now that you own some APLD shares, you'll want to keep up with your new shares.
Put APLD on a watchlist to see the latest developments about your APLD stock.
APLD Feed
How to Buy Stock in Applied Digital
To reiterate, here are the 6 steps to buy stock in Applied Digital:
- Figure out where to buy Applied Digital stock
- Create a brokerage account
- Put funds into your brokerage account
- Research Applied Digital stock
- Make your APLD purchase
- Monitor your APLD investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get updates on your investment in Applied Digital, create a watchlist on WallStreetZen today.
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