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Applied Digital (OTCMKTS:APLD) Shares Gap Up - Time to Buy?

Applied Digital logo with Financial Services background

Key Points

  • Applied Digital Co. shares gapped up from a previous closing price of $29.29 to open at $37.02, eventually trading at $37.53 with a volume of 28,342,477 shares.
  • The company has a market capitalization of $9.66 billion and a significant beta of 6.77, indicating high volatility in its stock price.
  • Applied Digital specializes in data center solutions for high-performance computing, offering AI cloud services and cryptocurrency hosting.
  • Interested in Applied Digital? Here are five stocks we like better.

Applied Digital Co. (OTCMKTS:APLD - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $29.29, but opened at $37.02. Applied Digital shares last traded at $37.53, with a volume of 28,342,477 shares.

Applied Digital Stock Performance

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 fifty day moving average price of $18.50 and a two-hundred day moving average price of $11.62. The stock has a market capitalization of $9.66 billion, a PE ratio of -74.94 and a beta of 6.77.

Applied Digital Company Profile

(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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