APLD
SinkerApplied Digital Corporation · Technology · United States · $5.5B cap · $510.4M/day traded
$17.91 +7.4% · close 11 Nov · scored 12 Nov
Sinker: Weak business, rich price and weak momentum. Nothing here to keep it afloat.
As of 12 Nov 2026, the MoatMap Score for Applied Digital Corporation (APLD) is 1/100, ranked against 25,000+ stocks in 38 markets (Quality 17, Value 28, Momentum 14, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT APPLIED DIGITAL CORPORATION
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Applied Digital Corporation designs, builds, and operates next-generation digital infrastructure for high-performance computing (HPC) and artificial intelligence applications. The company secures low-cost, ultra-high-density power contracts to run specialized data centers tailored for AI workloads and GPU cloud services. It positions itself as a critical infrastructure provider in the rapidly expanding AI hardware hosting market.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2027E | 2028E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 8.5M | 55.4M | 136.6M | 144.2M | 156.5% | 872.3M | 230.6M | — | 26.5% |
| EPS | -0.14 | -0.16 | -0.63 | -1.04 | — | -1.62 | -1.06 | -0.78 | — |
| Shares | 287.9M | 287.9M | 287.9M | 224.9M | -21.9% | 302.4M | — | — | — |
| Debt | 13.5M | 91.8M | 135.7M | 702.9M | 273.0% | — | — | — | — |
| Equity | 72.3M | 59.5M | 124.8M | 633.7M | 106.2% | — | — | — | — |
| Op CF | -0.9M | 58.7M | 13.8M | -115.4M | -76.5% | 235.1M | — | — | — |
| Inv CF | -45.9M | -132.1M | -172.4M | -667.7M | — | — | — | — | — |
| Fin CF | 81.3M | 70.6M | 146.8M | 874.7M | — | — | — | — | — |
Made a new 52-week low 4 trading days ago, 65% below its 52-week high. The fall has not stopped yet.
Swung more than 96% of stocks we rank over the past year (volatility 105% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of APLD are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| APLD | Applied Digital Corporation(you) | $5.5B | 1 |
| CIFR | Cipher Digital Inc. | $3.3B | 0 |
| CHRN | ChronoScale Holdings Corporation | $2.2B | 6 |
| CSQR | Csquare, Inc. | $2.5B | 13 |
| KEEL.TO | Keel Infrastructure Corp. | $1.3B | 1 |
| BBAI | BigBear.ai Holdings, Inc. | $1.0B | 6 |
| SHAZ | SharonAI Holdings Inc. | $822M | 5 |
| PSN | Parsons Corporation | $5.2B | 49 |
| WYFI | WhiteFiber, Inc. | $388M | 5 |
| KD | Kyndryl Holdings, Inc. | $3.2B | 60 |
Peer medians: ROE 6.1% · P/E 28.8x · Gross margin 52.2%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.