Applied Digital (OTCMKTS:APLD) Stock Price Down 1.1% – Here’s What Happened

Shares of Applied Digital Co. (OTCMKTS:APLD) fell 1.1% during trading on Monday . The company traded as low as $7.74 and last traded at $7.92. 12,763,227 shares changed hands during mid-day trading, an increase of 48% from the average session volume of 8,641,239 shares. The stock had previously closed at $8.01.

Applied Digital Price Performance

The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.10. The company’s fifty day moving average is $8.50 and its 200 day moving average is $6.60. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of -17.90 and a beta of 4.67.

Applied Digital (OTCMKTS:APLD) last issued its earnings results on Wednesday, October 9th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. Applied Digital had a negative net margin of 80.60% and a negative return on equity of 61.59%. The business had revenue of $60.70 million for the quarter, compared to the consensus estimate of $54.03 million. On average, equities research analysts predict that Applied Digital Co. will post 0.41 EPS for the current year.

About Applied Digital

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.