Applied Digital (OTCMKTS:APLD) Stock Price Up 8.4% – What’s Next?

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

Applied Digital Price Performance

The company has a debt-to-equity ratio of 1.10, a current ratio of 0.40 and a quick ratio of 0.40. The business’s fifty day moving average price is $7.48 and its 200-day moving average price is $7.98. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -11.55 and a beta of 4.69.

About Applied Digital

(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.

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