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APLD: Riding the Market Waves of Growth and Decline in 2023

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The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 58.31%.However, over the last six months, we can see a weaker performance of 137.11%. Over the last 30 days, the price of APLD has fallen by 50.92%. And in the last five days, it has surged by 5.64%.

Applied Digital Corporation experienced a rather steady stock market performance. The highest value in the past year was recorded at $10.94 on 12/06/24 and the lowest value was $2.36 on 04/18/24.

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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 -2.47% away from its 52-week high, while its distance from the 52-week low is 352.12%. The stock’s price range during this period has varied between$2.36 and $10.94. The Applied Digital Corporation’s shares, which operate in the Technology, saw a trading volume of around 25.73 million for the day, a figure considerably higher than their average daily volume of 15.69 million over last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Applied Digital Corporation (APLD) has experienced a quarterly rise of 62.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 2.40B and boasts a workforce of 150 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 6.55, with a change in price of +4.47. Similarly, Applied Digital Corporation recorded 13,405,958 in trading volume during the last 100 days, posting a change of +72.10%.

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 1.43. Similarly, the long-term debt-to-equity ratio is also 0.85.

APLD Stock Stochastic Average

Applied Digital Corporation’s raw stochastic average for the past 50 days is presently 89.09%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 87.42%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 78.78% and 74.86%, respectively.

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