Is Applied Digital Corp (APLD) Stock About to Get Hot Wednesday?

Overall market sentiment has been neutral on Applied Digital Corp (APLD) stock lately. APLD receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Applied Digital Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on APLD!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With APLD Stock Today?

Applied Digital Corp (APLD) stock has fallen -0.58% while the S&P 500 is higher by 0.22% as of 11:33 AM on Wednesday, Mar 27. APLD is lower by -$0.03 from the previous closing price of $4.33 on volume of 484,768 shares. Over the past year the S&P 500 is higher by 31.12% while APLD is higher by 109.22%. APLD lost -$0.35 per share in the over the last 12 months.

More About Applied Digital Corp

Sharps Technology Inc is a medical device company. It offers syringes and other safety products. Sharps provensa ultra-low waste smart safety syringes are designed to eliminate over two million potentially infectious and accidental needlestick injuries. Click Here to get the full Stock Report for Applied Digital Corp stock.