Applied Digital Stock To $17?

APLD: Applied Digital logo
APLD
Applied Digital

Applied Digital (APLD) stock has fallen by 26.5% in less than a month, from $32.77 on 9th Dec, 2025 to $24.08 now. What comes next? We think that the stock could fall even more. The current correction, when put in context of our Unattractive opinion of the stock, suggest possibility of further downside. A price of $17 is not out of question, especially considering that the stock has seen this level in the last 5 years. Read Buy or Sell Applied Digital Stock to see how we arrive at this opinion.

So should you wait before buying this dip? Perhaps. There is no perfect way to time the dips. Nevertheless, here is another perspective on APLD stock to help you make the decision. The bad news is that historically, the median return for the 12-month period following sharp dips was -19%, even though median peak return was 64%. We define sharp dip as stock going down 30% or more, in less than 30 day period.

Below, we get into details of historical dips and subsequent returns.

 
Historical Median Returns Post Dips
 

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Period Past Median Return
1M 2.3%
3M -6.8%
6M 18.6%
12M -19.1%

 
Historical Dip-Wise Details
 
MRNA had 11 events since 1/1/2010 where the dip threshold of -30% within 30 days was triggered

  • 64% median peak return within 1 year of dip event
  • 93 days is the median time to peak return after a dip event
  • -32% median max drawdown within 1 year of dip event

30 Day Dip MRNA Subsequent Performance
Date MRNA SPY 1Y Peak
Return
Max
Drop
# Days
to Peak
Median     -19% 64% -32% 93
10222024 -33% 7% -50% 3% -56% 7
8022024 -36% -2% -69% 4% -73% 17
10262023 -33% -8% -28% 119% -31% 211
3022023 -30% 2% -30% 16% -50% 42
9192022 -32% -6% -19% 64% -25% 93
5112022 -32% -15% 5% 70% -5% 224
1112022 -40% 1% -15% 1% -47% 1
11042021 -38% 5% -44% 30% -59% 25
3292021 -33% 1% 40% 293% -4% 133
9082020 -32% 3% 678% 792% 0% 335
6062019 -30% -3% 224% 346% -32% 347

 
Applied Digital Passes Basic Financial Quality Checks

Revenue growth, profitability, cash flow, and balance sheet strength need to be evaluated to reduce the risk of a dip being the sign of a deteriorating business situation.

Quality Metrics Value Quality Check
Revenue Growth (LTM) -56.4% Fail
Revenue Growth (3-Yr Avg) -52.3% Fail
Operating Cash Flow Margin (LTM) -89.8% Fail
Leverage (see below) Pass
=> Interest Coverage Ratio -393.1  
=> Cash To Interest Expense Ratio 563.0  

Not sure if you can take a call on APLD stock? Consider portfolio approach

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Stocks can jump or crash but different assets move on different cycles. A multi asset portfolio helps you stay invested while cushioning swings in equities.

The asset allocation framework of Trefis’ Boston-based, wealth management partner yielded positive returns during the 2008-09 period when the S&P lost more than 40%. Our partner’ strategy now includes Trefis High Quality Portfolio, which has a track record of comfortably outperforming its benchmark that includes all 3 – the S&P 500, S&P mid-cap, and Russell 2000 indices