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Applied Digital (OTCMKTS:APLD) Stock Price Up 8.8% - Here's Why

Applied Digital logo with Financial Services background

Key Points

  • Applied Digital's stock price increased by 8.8% to $13.63 during mid-day trading, rebounding from a previous close of $12.52.
  • The company has a market capitalization of $3.65 billion, a P/E ratio of -28.47, and a volatility beta of 6.17.
  • Applied Digital operates datacenters providing high-performance computing and artificial intelligence cloud services in North America.
  • 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 stock price shot up 8.8% on Monday . The stock traded as high as $13.70 and last traded at $13.63. 27,717,479 shares were traded during trading, a decline of 28% from the average session volume of 38,574,586 shares. The stock had previously closed at $12.52.

Applied Digital Stock Performance

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 firm's fifty day moving average price is $11.06 and its 200-day moving average price is $8.17. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -27.82 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.

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