Applied Digital (OTCMKTS:APLD) Shares Down 9.5% – Time to Sell?

Applied Digital Co. (OTCMKTS:APLD)’s stock price dropped 9.5% during mid-day trading on Tuesday . The stock traded as low as $34.05 and last traded at $33.8520. Approximately 7,151,903 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 41,627,797 shares. The stock had previously closed at $37.40.

Applied Digital Trading Down 5.0%

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 stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of -72.54 and a beta of 6.89. The company’s 50-day moving average is $27.95 and its 200-day moving average is $23.03.

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.