Applied Digital (OTCMKTS:APLD) Shares Gap Up – Should You Buy?
by Kim Johansen · The Markets DailyApplied Digital Co. (OTCMKTS:APLD – Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $29.56, but opened at $31.65. Applied Digital shares last traded at $34.2930, with a volume of 33,026,001 shares changing hands.
Applied Digital Trading Up 18.0%
The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $10.52 billion, a price-to-earnings ratio of -76.90 and a beta of 6.89. The business has a fifty day simple moving average of $27.34 and a 200-day simple moving average of $21.75.
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.