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Applied Digital (OTCMKTS:APLD) Shares Up 12.6% - Time to Buy?

Applied Digital logo with Financial Services background

Key Points

  • Applied Digital's stock price rose 12.6% on Monday, reaching a last traded value of $23.06, although trading volume decreased by 54% compared to its average daily volume.
  • The company has a market capitalization of $6.58 billion and a notable P/E ratio of -49.90, indicating it may not be profitable at this time.
  • Applied Digital specializes in high-performance computing and operates datacenters that provide digital infrastructure solutions, including artificial intelligence cloud services.
  • MarketBeat previews the top five stocks to own by October 1st.

Applied Digital Co. (OTCMKTS:APLD - Get Free Report)'s stock price rose 12.6% on Monday . The stock traded as high as $22.59 and last traded at $23.06. Approximately 16,725,055 shares traded hands during trading, a decline of 54% from the average daily volume of 36,508,113 shares. The stock had previously closed at $20.48.

Applied Digital Stock Performance

The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40. The stock's 50 day moving average price is $14.48 and its 200 day moving average price is $9.91. The company has a market capitalization of $6.58 billion, a P/E ratio of -49.90 and a beta of 6.64.

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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