Applied Digital (OTCMKTS:APLD) Hits New 12-Month High – Still a Buy?

Applied Digital Co. (OTCMKTS:APLDGet Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $41.07 and last traded at $40.6420, with a volume of 10967028 shares traded. The stock had previously closed at $37.69.

Applied Digital Price Performance

The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.10. The stock has a market cap of $10.27 billion, a P/E ratio of -75.59 and a beta of 6.89. The firm has a 50 day moving average price of $28.77 and a 200 day moving average price of $23.77.

About Applied Digital

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Applied Digital (OTCMKTS:APLD) is a developer and operator of digital infrastructure specializing in high-intensity computing applications. The company designs, builds and manages large-scale data center campuses and modular computing facilities that leverage advanced cooling technologies to optimize performance and energy efficiency. Its core offerings include turnkey deployment of server racks, immersion cooling systems and proprietary control software aimed at serving blockchain networks, artificial intelligence workloads and other compute-intensive clients.

In addition to its data center services, Applied Digital maintains in-house blockchain validation operations, most prominently focused on bitcoin mining.

Further Reading

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