Applied Digital (OTCMKTS:APLD) Shares Up 16.9% – What’s Next?

Applied Digital Co. (OTCMKTS:APLD) shares were up 16.9% during trading on Friday . The company traded as high as $31.73 and last traded at $32.5440. Approximately 6,708,162 shares changed hands during trading, a decline of 82% from the average daily volume of 38,217,383 shares. The stock had previously closed at $27.84.

Applied Digital Trading Up 25.5%

The firm has a market cap of $9.77 billion, a P/E ratio of -71.33 and a beta of 7.25. The company’s 50 day moving average is $31.16 and its two-hundred day moving average is $25.44. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.40 and a quick ratio of 0.40.

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.