Bearish Sentiment Surrounds Applied Digital Amid Options Activity

Bearish trends are emerging for Applied Digital as whales show a predominant bearish sentiment in options trading. This shift could significantly impact APLD stock prices.

Date: 24-02-2025

AI Rating: 4

Options Trading Overview
Whales have displayed a bearish stance on Applied Digital, with 56% of the investors engaging in bearish trades compared to 39% bullish. This trend indicates a cautious market sentiment towards APLD, particularly as 21 calls amounting to $907,635 contrast with 2 puts totaling $109,128.

Current Market Status
Applied Digital's stock is down by 14.27%, trading at $9.13. The substantial decrease raises concerns among investors regarding the company's market performance ahead of its earnings release expected in 45 days. The RSI suggests the stock may be approaching overbought conditions, a signal investors should consider while evaluating potential market movements.

Price Target Insights
According to analyst predictions, Applied Digital has a varying range of target prices, with the average target set at $13.67. Notably, recent downgrades have occurred, with one analyst lowering its target to $10 while another settled at $11. Yet another analyst maintains a robust outlook with a price target of $20, suggesting potential upside in the long term despite the current bearish sentiment.

Stocks: APLD