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

Applied Digital Co. (OTCMKTS:APLDGet Free Report) 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

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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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