Applied Digital (OTCMKTS:APLD) Hits New 52-Week High - What's Next?

Key Points

• Applied Digital reached a new 52-week high on Tuesday, trading as high as $39.33 before settling at $34.24 with a trading volume of over 56 million shares.
• The company's market cap is approximately $9.38 billion, with a P/E ratio of -69.88 and high volatility indicated by a beta of 6.77.
• Applied Digital operates datacenters providing solutions for high-performance computing and artificial intelligence cloud services.

Applied Digital Co. (OTCMKTS:APLD - ) reached a new 52-week high on Tuesday . The company traded as high as $39.33 and last traded at $34.24, with a volume of 56365362 shares. The stock had previously closed at $33.99.

Applied Digital Trading Up 0.7%

The business's 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $12.08. The stock has a market cap of $9.38 billion, a P/E ratio of -69.88 and a beta of 6.77. 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

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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