Applied Digital (OTCMKTS:APLD) Sets New 52-Week High – Here’s Why

Applied Digital Co. (OTCMKTS:APLDGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.26 and last traded at $27.30, with a volume of 30933720 shares. The stock had previously closed at $27.71.

Applied Digital Stock Performance

The firm’s fifty day moving average price is $17.82 and its 200 day moving average price is $11.36. The firm has a market cap of $7.48 billion, a P/E ratio of -55.71 and a beta of 6.77. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40.

Applied Digital Company Profile

(Get Free Report)

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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