Is APLD stock overvalued?

Overvalued is partly a matter of opinion, but investors use standard yardsticks. Whether a stock is overvalued depends on what you expect next; these are the numbers investors usually compare.

Below, we lay out APLD's valuation and growth numbers, compare them with similar companies, and show how analysts see the stock.

The chart below tracks APLD's daily closing price from April 29, 2026 to Oct. 23, 2026. The stock fell 44.2% over that span, dropping from $32.69 to $18.25. It reached a high of $49.65 on May 28, 2026 and a low of $18.05 on Oct. 16, 2026. Red circles mark weeks when insiders sold shares on the open market. 3 weeks in this period had sales, and bigger circles mean more money. Green diamonds mark the 1 week when insiders bought.

APLD valuation and growth numbers

The table below shows APLD's valuation and growth numbers. Revenue growth (yoy) is the highest at +243.2%. Net margin is the lowest at -48.1%.

How analysts see it

Of 23 Wall Street analysts covering APLD, 21 rate it a buy, 2 a hold and 0 a sell. That is a consensus of Buy. Ratings changed little over three months.

Also worth knowing about APLD

Live APLD data, updated every 30 minutes: APLD insider trades, ownership and filings →

In Applied Digital Corp.'s own words

“Our goal is to establish Applied Digital as the category leader in the design, construction, deployment, and operation of purpose-built AI factories”

— Wes Cummins, Chairman and Chief Executive Officer of Applied Digital · SEC filing

From the company's earnings release filed with the SEC on 2026-10-07 (Form 8-K).

What would change the picture for APLD

These are the specific events and levels to watch. None of them is a prediction.

• The Jan. 5, 2027 earnings report is 71 days away. Applied Digital Corp. beat estimates in 0 of the last 4 quarters, with an average surprise of -115.3%. A miss would break that pattern.
• Insider buying: 2 insiders bought $6.7 million in 90 days. More buying would strengthen the signal; sales by the same insiders would weaken it.
• Analyst ratings: the average score moved from 4.16 to 4.09 over three months. The scale runs from 5 for strong buy to 1 for strong sell. Downgrades after earnings often appear here first.
• Price levels: a close above $49.65 would mark a new 52-week high, 172.1% above the latest close of $18.25. A close below $18.05 would mark a new 52-week low, 1.1% below that level.
• Growth: revenue rose 243.2% year over year in the quarter ending Aug 2026. The trend is accelerating.
• New shares: dilution risk is high now. A new shelf registration (S-3) or prospectus supplement (424B) for an offering would raise that risk.

How APLD compares with its peers

Over the past month, APLD ranks 2 of 6 in this group at -32.6%. WULF was the best at -30.5%, and CIFR was the weakest at -56.1%.

A dash in the P/E column means the company lost money over the last 12 months and has no P/E.

APLD history: what happened after similar moves

Since 2023, APLD fell 32.6% or more in a month 6 times (separate episodes, not counting the current one). Three months later it was higher in 4 of 6 cases; the median change was +75.5%.

Past moves don't predict the next one; they show how volatile the stock has been.

Questions people also ask

What is APLD's 52-week high and low?

Over the past year, APLD closed as high as $49.65 and as low as $18.05. At $18.25 on Oct. 23, 2026, the stock is down 63.2% from the high and 1.1% above the low. More →

When does Applied Digital Corp. report earnings next?

The next report is expected on Jan. 5, 2027, which is 71 days away. Applied Digital Corp. beat the average estimate in 0 of its last 4 reports.

Who is the largest shareholder of APLD?

Among investment managers filing Form 13F, Hood River Capital Management LLC reported the largest APLD position at $840 million. A total of 565 institutions reported holding APLD for Q2 2026.

Are APLD insiders buying or selling?

Yes. In the last 90 days, 2 insiders bought $6.7 million of APLD on the open market, while 1 sold $3 million.

Is Applied Digital Corp. issuing new shares?

Dilution risk reads high (90/100), and the share count rose 8.1% in a year. That figure is based on 3 offering-related filing(s) in 12 months.

Does APLD pay a dividend?

Applied Digital Corp. reported no dividend payments over the last 12 months in its SEC filings.

Dates to watch for APLD

Insider trades can come any day: they must be filed on Form 4 within two business days.

Key terms on this page

P/E ratio

Price divided by the last 12 months of earnings per share. A P/E of 20 means investors pay $20 for each $1 of yearly profit. It is only defined when the company is profitable.

Price-to-sales

Market value divided by the last 12 months of revenue. Useful for companies with little or no profit, but it ignores margins.

Form 4

The SEC form a company's officers, directors and 10% owners must file within two business days of buying or selling its stock.

Open-market trade

A purchase or sale on the exchange at the market price, paid with the insider's own money (code P or S on Form 4), as opposed to option exercises, grants or gifts.

Form 13F

A quarterly SEC report listing the U.S. stock holdings of every investment manager with more than $100 million. It is due 45 days after each quarter ends, so it shows positions with a delay.

Dilution

When a company issues new shares, each existing share owns a smaller piece of the company. Common sources: stock offerings, convertible debt and large stock-based pay.

Form 8-K

The SEC form for material events between quarterly reports: earnings releases, deals, executive changes, stock offerings and similar news.

Where these numbers come from

Every number on this page is computed from the data when the page is refreshed (usually daily); nothing is typed in by hand. This is information, not investment advice.

• Price: daily closing prices run through Oct. 23, 2026. Changes use 5, 21 and 63 trading days. The 52-week range uses the last 252 closes.
• Insider trades: SEC Form 4 filings cover the last 90 days. Only open-market purchases (code P) and sales (code S) count. Option exercises, grants, gifts and filings with data errors are left out.
• Analyst ratings: counts of current ratings from 23 analysts, compared with three months ago.
• Earnings dates and estimates: a market-data calendar shows reported versus expected EPS for the last 4 quarters.
• Valuation and growth: revenue, earnings, margins and share counts come from the company's SEC filings (XBRL data, latest quarter Aug 2026). P/E and price/sales use the latest close.
• Fund ownership: SEC Form 13F filings for Q2 2026.
• Dilution: share-count changes and offering-related SEC filings (shelf registrations, prospectus supplements, convertible notes) are tracked over two years and scored 0-100.
• History: 21-trading-day moves over about three years of daily closes, counted once per episode.