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Applied Digital (OTCMKTS:APLD) Shares Gap Up - Here's What Happened

Applied Digital logo with Financial Services background

Key Points

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Applied Digital Co. (OTCMKTS:APLD - Get Free Report)'s share price gapped up prior to trading on Thursday . The stock had previously closed at $10.03, but opened at $12.57. Applied Digital shares last traded at $13.86, with a volume of 58,368,102 shares.

Applied Digital Stock Down 4.7%

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 firm's 50 day simple moving average is $10.49 and its two-hundred day simple moving average is $8.01. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -25.55 and a beta of 6.04.

About Applied Digital

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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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