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APLD’s Stochastic Averages Dip: Analyzing Applied Digital Corporation’s Stock Performance

Currently, the stock price of Applied Digital Corporation (APLD) is $5.18. In the most recent trading session, the stock underwent a significant upswing, peaking at $5.39 after opening at $5.33. The stock touched a low of $5.07 before closing at $5.26.

The market performance of Applied Digital Corporation has been somewhat stable. Over the past year, the company’s stock achieved a high of $11.62 on 06/23/23, with the lowest value for the same timeframe being $1.45, recorded on 12/19/22.

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52-week price history of APLD Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Applied Digital Corporation’s current trading price is -55.42% away from its 52-week high, while its distance from the 52-week low is 257.24%. The stock’s price range for this period has remained between $1.45 and $11.62. The Financial sector company’s shares managed to surpass a trading volume of around 1.9 million for the day, which was noticeably lower compared to the shares’ average daily volume of 6.12 million over the last three months.

Financial Performance and Market Capitalization

Applied Digital Corporation (APLD) has experienced a quarterly decline of -42.12% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 552.76M and boasts a workforce of 121 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 7.11, with a change in price of +2.19. Similarly, Applied Digital Corporation recorded 5,945,536 in trading volume during the last 100 days, posting a change of +71.57%.

APLD Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for APLD stands at 1.52. Similarly, the long-term debt-to-equity ratio is also 1.29.

APLD Stock Stochastic Average

As of today, the raw stochastic average of Applied Digital Corporation over the past 50 days is 6.88%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 19.37%. Additionally, the Stochastic %K and %D values for the company were 21.77% and 22.69%, respectively, over the past 20 days.

APLD Stock Price Performance Analysis

The performance of the stock price over the year has been up and down, leaving investors with either an optimistic or pessimistic outlook, depending on how they interpret the data. This year’s metric has recorded a Price increase of 181.52%. However, over the past six months, we’ve seen a weaker performance of 159.00%. The price of APLD leaped by -15.64% over the last 30 days. And in the last five days, it has fallen by -0.58%.

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