Applied Digital (OTCMKTS:APLD) Sets New 12-Month High - Should You Buy?

Key Points

• Applied Digital (OTCMKTS:APLD) reached a new 52-week high of $17.00 during trading, closing at $16.71.
• The company has a market capitalization of $4.44 billion and operates in digital infrastructure solutions for high-performance computing and AI cloud services.
• Applied Digital's stock has experienced significant growth, with a notable 400% increase recently, driven by developments in next-gen AI datacenters.

Applied Digital Co. (OTCMKTS:APLD - )'s stock price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $17.00 and last traded at $16.71, with a volume of 788122 shares. The stock had previously closed at $16.70.

Applied Digital Trading Up 1.7%

The company has a 50-day moving average price of $12.13 and a 200-day moving average price of $8.89. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of -34.76 and a beta of 6.17. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40.

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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