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Applied Digital (OTCMKTS:APLD) Shares Gap Up - Still a Buy?

Applied Digital logo with Financial Services background

Key Points

  • Applied Digital's stock price gapped up from $25.00 to $26.35 before opening, and it last traded at $27.22 with significant volume of over 10 million shares.
  • The company has a market cap of $7.39 billion and a high beta of 6.64, indicating significant volatility in its stock performance.
  • Applied Digital operates data centers providing infrastructure solutions for high-performance computing, artificial intelligence, and cryptocurrency hosting services.
  • MarketBeat previews the top five stocks to own by November 1st.

Applied Digital Co. (OTCMKTS:APLD - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $25.00, but opened at $26.35. Applied Digital shares last traded at $27.22, with a volume of 10,270,246 shares traded.

Applied Digital Trading Up 7.9%

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 of $16.51 and a 200-day moving average of $10.79. The stock has a market cap of $7.39 billion, a PE ratio of -55.07 and a beta of 6.64.

About Applied Digital

(Get Free Report)

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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