Applied Digital (OTCMKTS:APLD) Stock Price Up 9.5% – Should You Buy?

Shares of Applied Digital Co. (OTCMKTS:APLDGet Free Report) shot up 9.5% on Monday . The company traded as high as $22.52 and last traded at $23.09. 5,203,004 shares were traded during mid-day trading, a decline of 85% from the average session volume of 35,730,516 shares. The stock had previously closed at $21.09.

Applied Digital Stock Up 11.7%

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 firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of -48.19 and a beta of 6.77. The business has a fifty day moving average price of $28.09 and a two-hundred day moving average price of $17.36.

Applied Digital Company Profile

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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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