Applied Digital (OTCMKTS:APLD) Sets New 1-Year High - Here's What Happened

Key Points

• Applied Digital reached a new 52-week high, trading as high as $15.80 before settling at $15.17, with a trading volume of approximately 3.3 million shares.
• The company has a market capitalization of $3.77 billion and shows significant volatility with a beta of 6.17.
• Applied Digital operates datacenters providing digital infrastructure solutions for high-performance computing, artificial intelligence cloud services, and crypto hosting services.

Applied Digital Co. (OTCMKTS:APLD - )'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.80 and last traded at $15.17, with a volume of 3297790 shares traded. The stock had previously closed at $14.97.

Applied Digital Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $11.38 and a 200 day moving average price of $8.26. The stock has a market cap of $3.77 billion, a PE ratio of -29.52 and a beta of 6.17.

About Applied Digital

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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