Applied Digital Corporation (APLD) Soars 65.7%: Is Further Upside Left in the Stock?

Group 1 - Applied Digital Corporation (APLD) shares increased by 65.7% to close at $5.37, following a notable trading volume compared to typical sessions, despite a 16.9% loss over the past four weeks [1] - The surge in share price is linked to a $160 million funding announcement from institutional and accredited investors, including NVIDIA [1] - APLD is expected to report a quarterly loss of $0.29 per share, reflecting a year-over-year change of -190%, while revenues are projected to be $51.84 million, a 42.7% increase from the previous year [1] Group 2 - The consensus EPS estimate for APLD has been revised 38.8% higher in the last 30 days, indicating a positive trend that typically leads to price appreciation [2] - APLD currently holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [2] - In the same industry, Alerus (ALRS) closed 0.5% lower at $21.44, with a consensus EPS estimate of $0.44, unchanged over the past month, representing a -2.2% change from the previous year [2]