Applied Digital (OTCMKTS:APLD) Trading Up 3.6% - Time to Buy?

Key Points

• Applied Digital Co. saw its stock price increase by 3.6% during mid-day trading, reaching a high of $23.55, although the trading volume was 24% lower than the average.
• The company's market capitalization currently stands at $6.18 billion, with a negative P/E ratio of -46.82 and a high beta of 6.64, indicating significant volatility.
• Applied Digital specializes in providing digital infrastructure solutions for the high-performance computing industry, including AI cloud services and crypto datacenter hosting.

Applied Digital Co. (OTCMKTS:APLD - ) traded up 3.6% during mid-day trading on Tuesday . The stock traded as high as $23.55 and last traded at $22.94. 27,646,802 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 36,395,324 shares. The stock had previously closed at $22.15.

Applied Digital Stock Up 3.6%

The company has a market capitalization of $6.18 billion, a P/E ratio of -46.82 and a beta of 6.64. 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 company has a 50 day moving average of $16.23 and a 200-day moving average of $10.69.

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.

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