Applied Digital (OTCMKTS:APLD) Trading Up 6.3%

Applied Digital Co. (OTCMKTS:APLDGet Free Report)’s share price was up 6.3% during trading on Monday . The stock traded as high as $4.32 and last traded at $4.30. Approximately 3,493,230 shares were traded during trading, a decline of 6% from the average daily volume of 3,710,249 shares. The stock had previously closed at $4.05.

Applied Digital Stock Up 1.6 %

The business’s 50-day moving average price is $5.73 and its 200-day moving average price is $5.52. 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 firm has a market capitalization of $535.78 million, a PE ratio of -12.54 and a beta of 4.25.

Applied Digital (OTCMKTS:APLDGet Free Report) last posted its quarterly earnings results on Tuesday, January 16th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $42.20 million during the quarter, compared to analysts’ expectations of $54.78 million. Applied Digital had a negative return on equity of 61.59% and a negative net margin of 80.60%. As a group, equities research analysts predict that Applied Digital Co. will post 0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Applied Digital

Hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank increased its holdings in Applied Digital by 65.4% in the fourth quarter. Amalgamated Bank now owns 14,414 shares of the company’s stock worth $27,000 after buying an additional 5,697 shares during the last quarter. Renaissance Technologies LLC acquired a new position in Applied Digital during the second quarter valued at approximately $30,000. Smith Moore & CO. acquired a new position in Applied Digital during the first quarter valued at approximately $32,000. Barclays PLC grew its holdings in Applied Digital by 5,204.1% during the fourth quarter. Barclays PLC now owns 18,140 shares of the company’s stock valued at $33,000 after purchasing an additional 17,798 shares during the last quarter. Finally, UBS Group AG acquired a new position in Applied Digital during the third quarter valued at approximately $36,000. Institutional investors and hedge funds own 53.75% of the company’s stock.

About Applied Digital

(Get Free Report)

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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