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The latest update is out from Applied Digital Corporation ( (APLD) ).
On April 30, 2025, Applied Digital Corporation entered into a preferred equity purchase agreement with institutional investors, allowing the company to sell up to $150 million of Series G Convertible Preferred Stock over a 36-month period. This arrangement is intended to fund the development of their Ellendale High Performance Computing Campus and other corporate needs, providing flexibility in capital access without mandatory draw requirements. The stock is convertible into common shares under specific conditions, with protective measures like beneficial ownership caps and redemption rights in place to ensure compliance with Nasdaq rules.
Spark’s Take on APLD Stock
According to Spark, TipRanks’ AI Analyst, APLD is a Underperform.
Applied Digital Corporation’s stock score is primarily affected by financial instability, including significant profitability and cash flow issues, compounded by high leverage. Technical indicators suggest bearish momentum, while valuation metrics reflect underperformance. Despite positive developments highlighted in the earnings call, such as revenue growth and strategic partnerships, these are overshadowed by ongoing financial challenges and operational risks.
To see Spark’s full report on APLD stock, click here.
More about Applied Digital Corporation
Applied Digital Corporation, listed on Nasdaq as APLD, is a company specializing in the development, construction, and operation of next-generation data centers and cloud infrastructure. Their facilities are designed to support high-performance computing (HPC) workloads, including AI/ML, blockchain, and other demanding applications, offering solutions like CSaaS and GPU-as-a-Service.
YTD Price Performance: -41.79%
Average Trading Volume: 30,065,359
Technical Sentiment Signal: Buy
Current Market Cap: $1.02B
Learn more about APLD stock on TipRanks’ Stock Analysis page.