Applied Digital (OTCMKTS:APLD) Trading 9.7% Higher – Should You Buy?

Applied Digital Co. (OTCMKTS:APLDGet Free Report) shares shot up 9.7% during trading on Thursday . The company traded as high as $24.20 and last traded at $24.1280. 8,375,852 shares changed hands during trading, a decline of 76% from the average session volume of 35,031,359 shares. The stock had previously closed at $22.00.

Applied Digital Price Performance

The company has a market cap of $6.80 billion, a PE ratio of -49.86 and a beta of 6.94. The company has a 50-day moving average price of $29.57 and a two-hundred day moving average price of $19.93. 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

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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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