Applied Digital (OTCMKTS:APLD) Shares Gap Up – Time to Buy?

Applied Digital Co. (OTCMKTS:APLDGet Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $27.85, but opened at $29.16. Applied Digital shares last traded at $29.0770, with a volume of 4,135,638 shares trading hands.

Applied Digital Price Performance

The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.10. The company’s fifty day moving average is $29.34 and its two-hundred day moving average is $20.20. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of -57.88 and a beta of 6.94.

About Applied Digital

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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.

Further Reading

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