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Applied Digital (OTCMKTS:APLD) Trading 2% Higher - Still a Buy?

Applied Digital logo with Financial Services background

Applied Digital Co. (OTCMKTS:APLD - Get Free Report)'s share price was up 2% during mid-day trading on Tuesday . The stock traded as high as $4.27 and last traded at $4.03. Approximately 32,931,271 shares traded hands during mid-day trading, an increase of 103% from the average daily volume of 16,219,073 shares. The stock had previously closed at $3.95.

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 business's 50-day moving average is $6.34 and its 200-day moving average is $7.67. The company has a market capitalization of $1.06 billion, a PE ratio of -9.59 and a beta of 5.18.

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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