Applied Digital (OTCMKTS:APLD) Stock Price Up 15.2% – Time to Buy?

Applied Digital Co. (OTCMKTS:APLDGet Free Report)’s stock price was up 15.2% during trading on Monday . The stock traded as high as $9.28 and last traded at $9.11. Approximately 42,972,653 shares traded hands during trading, an increase of 78% from the average daily volume of 24,114,928 shares. The stock had previously closed at $7.91.

Applied Digital Trading Up 15.2 %

The firm has a market cap of $2.03 billion, a price-to-earnings ratio of -18.59 and a beta of 4.77. The business has a fifty day moving average of $8.39 and a two-hundred day moving average of $7.35. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40.

Applied Digital Company Profile

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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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