Applied Digital (OTCMKTS:APLD) Trading Up 11.7% - Here's Why

Key Points

• Applied Digital stock increased by 11.7% on Monday, climbing to a high of $39.33 from a previous close of $33.99.
• The company's market capitalization is $10.07 billion, with a high volatility indicated by a beta of 6.77.
• Applied Digital specializes in datacenter solutions for the high-performance computing industry, including artificial intelligence and crypto hosting services.

Applied Digital Co. (OTCMKTS:APLD - ) shot up 11.7% on Monday . The stock traded as high as $39.33 and last traded at $37.96. 23,591,370 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 36,447,938 shares. The stock had previously closed at $33.99.

Applied Digital Trading Up 8.1%

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 company has a market capitalization of $10.07 billion, a price-to-earnings ratio of -74.46 and a beta of 6.77. The firm has a fifty day moving average price of $18.93 and a 200-day moving average price of $11.88.

About Applied Digital

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.