Applied Digital (OTCMKTS:APLD) Shares Down 6% - Time to Sell?

Key Points

• Applied Digital Co. experienced a significant downturn, with its stock price falling by 6% to a last traded value of $22.04, following a previous close of $23.45.
• The trading volume dropped dramatically by 79%, with only 7,656,221 shares changing hands compared to the average of 36,488,602 shares.
• Applied Digital operates datacenters providing digital infrastructure solutions for high-performance computing and artificial intelligence, alongside crypto hosting services.

Applied Digital Co. (OTCMKTS:APLD - )'s stock price traded down 6% during mid-day trading on Thursday . The stock traded as low as $21.40 and last traded at $22.04. 7,656,221 shares traded hands during trading, a decline of 79% from the average session volume of 36,488,602 shares. The stock had previously closed at $23.45.

Applied Digital Stock 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 stock has a market cap of $6.03 billion, a price-to-earnings ratio of -45.62 and a beta of 6.64. The firm has a fifty day simple moving average of $15.34 and a 200-day simple moving average of $10.22.

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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