Applied Digital (OTCMKTS:APLD) Shares Gap Down – What’s Next?

Applied Digital Co. (OTCMKTS:APLDGet Free Report) gapped down prior to trading on Friday . The stock had previously closed at $23.06, but opened at $21.18. Applied Digital shares last traded at $23.4670, with a volume of 14,425,424 shares trading hands.

Applied Digital Price Performance

The company’s 50 day moving average price is $27.30 and its 200-day moving average price is $16.46. The stock has a market cap of $6.96 billion, a P/E ratio of -50.09 and a beta of 6.77. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.10.

Applied Digital Company Profile

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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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