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

Applied Digital logo with Financial Services background

Key Points

  • Applied Digital Co. shares opened at $14.88 after closing at $14.09, representing a significant increase in trading value.
  • The company's current market capitalization stands at $4.27 billion, with a debt-to-equity ratio of 1.10 and a PE ratio of -33.20.
  • Applied Digital specializes in providing datacenter solutions for high-performance computing, including artificial intelligence and crypto hosting services.
  • Want stock alerts on Applied Digital? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Applied Digital Co. (OTCMKTS:APLD - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $14.09, but opened at $14.88. Applied Digital shares last traded at $15.05, with a volume of 3,116,108 shares trading hands.

Applied Digital Stock Up 1.8%

The firm's fifty day moving average price is $11.81 and its 200-day moving average price is $8.71. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.40 and a quick ratio of 0.40. The firm has a market capitalization of $4.20 billion, a P/E ratio of -32.75 and a beta of 6.17.

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.

Further Reading

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