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Is applied Digital Corporation (APLD) stock a buy?

According to ratings assigned by 6 analysts at the scale of 1 to 5 with 1. 00 representing a strong buy and 5. 00 suggesting a strong sell; 0 of them are recommending Applied Digital Corporation (APLD) as a Hold, while 6 are in view that stock is a Buy.

What is applied Digital Corporation?

The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.

Will the 17% drop in Applied Digital Corporation's stock hurt insiders?

The recent 17% drop in Applied Digital Corporation's ( NASDAQ:APLD) stock could come as a blow to insiders who purchased US$220k worth of stock at an average buy price of US$2.71 over the past 12 months. Insiders purchase with the hope of seeing their investments increase in value over time.

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