Applied Digital (OTCMKTS:APLD) Trading Up 7.7% - Here's What Happened

Key Points

• Applied Digital's stock price rose by 7.7% to $16.38 during recent trading, but the trading volume decreased significantly by 71% compared to its average.
• The company has a market capitalization of $4.32 billion, with key financial ratios indicating a current ratio and quick ratio of 0.40, and a debt-to-equity ratio of 1.10.
• Applied Digital specializes in datacenter operations and provides services for high-performance computing, artificial intelligence cloud, and cryptocurrency hosting.

Applied Digital Co. (OTCMKTS:APLD - )'s stock price was up 7.7% during trading on Wednesday . The company traded as high as $16.38 and last traded at $16.38. Approximately 10,688,604 shares were traded during trading, a decline of 71% from the average daily volume of 36,751,863 shares. The stock had previously closed at $15.20.

Applied Digital Price 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 stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of -34.48 and a beta of 6.65. The stock has a 50-day moving average price of $13.01 and a 200 day moving average price of $9.27.

Applied Digital Company Profile

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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