Applied Digital (OTCMKTS:APLD) Shares Down 5.5% - What's Next?

Key Points

• Applied Digital's shares fell by 5.5%, closing at $31.06, after reaching a low of $29.95 during trading.
• The company has a market capitalization of $8.69 billion and negative earnings, reflected by a PE ratio of -63.39.
• Applied Digital operates datacenters providing infrastructure for high-performance computing and artificial intelligence, with a current ratio and quick ratio both at 0.40.

Applied Digital Co. (OTCMKTS:APLD - )'s share price traded down 5.5% during trading on Tuesday . The stock traded as low as $29.95 and last traded at $31.06. 28,809,572 shares were traded during trading, a decline of 21% from the average session volume of 36,321,340 shares. The stock had previously closed at $32.87.

Applied Digital Stock Performance

The firm has a market cap of $8.69 billion, a PE ratio of -63.39 and a beta of 6.77. The company has a 50 day simple moving average of $25.39 and a 200-day simple moving average of $15.40. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.40 and a quick ratio of 0.40.

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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