Applied Digital (OTCMKTS:APLD) Stock Price Up 8.4% – Should You Buy?

Applied Digital Co. (OTCMKTS:APLDGet Free Report)’s share price was up 8.4% during mid-day trading on Tuesday . The company traded as high as $6.15 and last traded at $6.09. Approximately 27,831,571 shares were traded during mid-day trading, an increase of 94% from the average daily volume of 14,336,277 shares. The stock had previously closed at $5.62.

Applied Digital Price Performance

The stock has a market cap of $1.36 billion, a PE ratio of -12.43 and a beta of 4.69. The business’s 50-day simple moving average is $7.62 and its 200-day simple moving average is $8.01. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.10.

Applied Digital Company Profile

(Get Free Report)

Applied Digital Corporation designs, develops, and operates datacenters in North America. Its datacenters provide digital infrastructure solutions to the high-performance computing industry. The company also provides artificial intelligence cloud services, high performance computing datacenter hosting, and crypto datacenter hosting services.

Further Reading

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