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APLD

Applied DigitalD
Nasdaq / Software & Services
Last Price
At close
2026-07-18
View Chart
Current thesis
Primary-source evidence improved meaningfully in late April: the new Delta Forge 1 lease adds roughly $7.5 billion of contracted value over 15 years, total contracted lease revenue now exceeds $23 billion, and more than half of contracted revenue is backed by investment-grade customers [#8-K-2026-04-23]. The February 28, 2026 10-Q also showed about $15.5 billion of minimum contracted payments already embedded in lease schedules [#10-Q-2026-04-08], which supports a revenue-visibility argument if projects are delivered on time.
Posture
Defensive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +18.4.
What can break
Applied Digital remains dependent on external capital and project financing; the April 23 release discussed expected, not completed, up to $300 million bridge and up to $300 million revolver facilities.
Momentum
6
Value
41
Sentiment
82
Setup hits (3d)
— · Net —
AI TargetsBase $34.00 · Bull $50.00 · Bear $22.00
Data freshness
Prices
As of 2026-07-18
Fundamentals
As of 2026-07-17 • Vendor: Data Vendor v1
Scores
As of 2026-07-18 • Model: HYBRID_IC_RP
AI Memo
As of 2026-04-28 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-07-18
Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net —
Target $73.00
Why
Momentum6 · Δ7d -22.0
Value41 · Δ7d +0.1
Sentiment82 · Δ7d +18.4
So what
Weak posture. Prioritize risk control and patience.
Setup hits not loaded

Load setup hits to see net bias and recent triggers.

Load setup hits
Lead driver: Sentiment · See AI snapshot
Momentum
6
26% active weight
Current posture
7d trendSoftening
Δ7d
-22.0
Δ21d
-83.9
Value
41
39% active weight
Current posture
7d trendFlat
Δ7d
+0.1
Δ21d
+0.3
Sentiment
82
34% active weight
Current posture
7d trendImproving
Δ7d
+18.4
Δ21d
+43.2
Why this grade

Composite grade D. Momentum 6.2 / Value 40.5 / Sentiment 81.7

Fundamentals (TTM)
As of 2026-07-17
Market Cap
$7.37B
Beta
7.27
Shares Out
285.77M
P/E (TTM) · Derived
-52.6
P/S (TTM)
46.66
P/FCF (TTM) · Derived
-3.81
Rev YoY
+139.3%
EPS YoY
+120.4%
Gross Margin
+27.1%
Op Margin
-41.6%
Net Debt
$588.96M
Current Ratio
2.38
As of 2026-07-18 • Updated nightlySource: Internal modelMethodology