Applied Digital (OTCMKTS:APLD) Trading 9.7% Higher – What’s Next?

Shares of Applied Digital Co. (OTCMKTS:APLD) shot up 9.7% during mid-day trading on Thursday . The company traded as high as $24.20 and last traded at $24.1280. 8,375,852 shares traded 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 Stock Up 16.5%

The company has a debt-to-equity ratio of 1.10, a current ratio of 0.40 and a quick ratio of 0.40. The company has a 50-day moving average of $29.34 and a two-hundred day moving average of $20.08. The company has a market capitalization of $7.78 billion, a PE ratio of -56.84 and a beta of 6.94.

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.