Applied Digital (OTCMKTS:APLD) Trading 15.2% Higher – What’s Next?

Applied Digital Co. (OTCMKTS:APLDGet Free Report) shares traded up 15.2% on Monday . The stock traded as high as $9.28 and last traded at $9.11. 42,972,653 shares traded hands during trading, an increase of 78% from the average session volume of 24,114,928 shares. The stock had previously closed at $7.91.

Applied Digital Stock Performance

The stock has a market cap of $2.03 billion, a PE ratio of -18.59 and a beta of 4.77. The stock has a fifty day moving average of $8.39 and a 200-day moving average of $7.35. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.10.

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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