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Applied Digital Corporation Inc. (APLD) Price Performance: The Role of Supply and Demand

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant loss of -47.40% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -42.17%. Over the past 30 days, the price of APLD has leaped by -13.75%. And in the last five days, it has fallen by -18.13%.

Applied Digital Corporation experienced a rather steady stock market performance. The highest value in the past year was recorded at $11.62 on 06/23/23 and the lowest value was $2.06 on 04/06/23.

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52-week price history of APLD Stock

Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Applied Digital Corporation’s current trading price is -69.49% away from its 52-week high, while its distance from the 52-week low is 72.09%. The stock’s price range during this period has varied between$2.06 and $11.62. The Applied Digital Corporation’s shares, which operate in the Financial, saw a trading volume of around 2.45 million for the day, a figure considerably lower than their average daily volume of 3.4 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Applied Digital Corporation (APLD) has experienced a quarterly decline of -49.07% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 432.67M and boasts a workforce of 121 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 5.20, with a change in price of -1.59. Similarly, Applied Digital Corporation recorded 3,327,780 in trading volume during the last 100 days, posting a change of -30.79%.

APLD’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look

The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for APLD stands at 1.18. Similarly, the long-term debt-to-equity ratio is also 0.79.

APLD Stock Stochastic Average

As of today, Applied Digital Corporation’s raw stochastic average for the last 50 days stands at 2.69%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 3.81%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 7.78% and 16.72%, respectively.

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