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

Applied Digital Co. (OTCMKTS:APLD) shares traded down 1.1% during mid-day trading on Monday . The stock traded as low as $7.74 and last traded at $7.92. 12,763,227 shares changed hands during 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 Stock Up 10.7 %

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

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

Applied Digital Company Profile

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.