Applied Digital Corporation ( (APLD) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Applied Digital Corporation’s stock price has risen due to moderately bullish activity and an increased price target from Roth Capital. The new target is based on anticipated HPC colocation agreements and revenue fluctuations in the Q1 report. Despite this, strategic changes have caused some volatility, with mixed options sentiment reflecting cautious investor behavior.
More about Applied Digital Corporation
YTD Price Performance: 194.10%
Average Trading Volume: 30,567,715
Technical Sentiment Signal: Buy
Current Market Cap: $5.79B
For further insights into APLD stock on TipRanks’ Stock Analysis page.
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