Applied Digital Co. (OTCMKTS:APLD – Get Free Report)’s stock price rose 10.2% during trading on Friday . The stock traded as high as $34.56 and last traded at $35.2110. Approximately 8,066,610 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 39,792,535 shares. The stock had previously closed at $31.94.
Applied Digital Price Performance
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 stock has a 50 day simple moving average of $27.34 and a two-hundred day simple moving average of $21.83. The company has a market cap of $10.52 billion, a price-to-earnings ratio of -76.90 and a beta of 6.89.
About Applied Digital
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.
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