Will APLD stock recover?

APLD is down 41.6% from its 3-month high and 63.2% from its 52-week high. Nobody knows if it will climb back. The stock's own history offers useful context.

Below are APLD's past drops of 20% or more, how deep each fell and how long the recovery took.

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, 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 qualify; bigger circles mean more money. Green diamonds mark weeks when they bought. There was 1 such week.

APLD's past 20%+ drops and recoveries

The table below shows APLD's past 20%+ drops and recoveries. May 14, 2026 had the highest drop at -21.6%. Nov. 25, 2024 had the lowest at -67.8%.

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. The average surprise was -115.3%. A miss would break that pattern.
• Insider buying: 2 insiders bought $6.7 million in 90 days. More purchases would strengthen that signal. Sales by the same people 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. A run of downgrades after earnings usually shows up here first.
• Price levels: a close above $49.65 would be a new 52-week high. That is 172.1% above the latest close of $18.25. A close below $18.05 would be a new 52-week low. That is 1.1% below it.
• 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 it.

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%. CIFR was the weakest at -56.1%.

A dash in the P/E column means the company lost money over the last 12 months. It 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

Do analysts think APLD is a buy?

21 of the 23 analysts covering Applied Digital Corp. rate it a buy or strong buy, for a consensus of Buy. Ratings describe analysts' views, not a guarantee. They change after earnings. More →

When does Applied Digital Corp. report earnings next?

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

Are APLD insiders buying or selling?

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

Is Applied Digital Corp. issuing new shares?

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

Is Applied Digital Corp. profitable?

Not over the last 12 months. Applied Digital Corp. had $853.9 million of revenue but a net loss. The net margin was -48.1%.

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.

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.

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.

52-week high / low

The highest and lowest daily closing price over the past year (about 252 trading days).

Analyst consensus

The average of Wall Street analysts' ratings (strong buy to strong sell). Analysts skew positive, so a hold is often read as a cautious view.

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 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 for 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. It shows reported vs expected EPS for the last 4 quarters.
• Valuation and growth: revenue, earnings, margins and share counts come from the company's SEC filings. The data is XBRL, from the latest quarter ending 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 over two years, scored 0-100. The filings include shelf registrations, prospectus supplements and convertible notes.
• History: 21-trading-day moves over about three years of daily closes. Each episode is counted once.