Digihost Technology’s (DGHI) Buy Rating Reiterated at HC Wainwright

Digihost Technology (NASDAQ:DGHI)‘s stock had its “buy” rating reaffirmed by HC Wainwright in a report released on Friday, Benzinga reports. They presently have a $2.50 target price on the stock. HC Wainwright’s price objective points to a potential upside of 117.39% from the stock’s previous close.

Digihost Technology Stock Down 3.4 %

DGHI stock opened at $1.15 on Friday. The company has a market cap of $33.76 million, a PE ratio of -3.97 and a beta of 5.37. The business has a 50-day simple moving average of $1.25 and a 200 day simple moving average of $1.33. Digihost Technology has a 52 week low of $0.82 and a 52 week high of $2.54. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.01.

Digihost Technology (NASDAQ:DGHI) last released its earnings results on Wednesday, August 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. Digihost Technology had a negative return on equity of 26.99% and a negative net margin of 27.10%. The firm had revenue of $9.23 million for the quarter, compared to analysts’ expectations of $8.10 million. Sell-side analysts anticipate that Digihost Technology will post -0.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Digihost Technology stock. Tocqueville Asset Management L.P. purchased a new stake in Digihost Technology Inc. (NASDAQ:DGHI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,847 shares of the company’s stock, valued at approximately $45,000. Tocqueville Asset Management L.P. owned approximately 0.11% of Digihost Technology as of its most recent SEC filing. Institutional investors own 1.93% of the company’s stock.

Digihost Technology Company Profile

Digihost Technology Inc operates as a blockchain technology company in the United States and Canada. The company operates through Cryptocurrency Mining, Sales of Energy, and Colocation Services segments. It also mines for cryptocurrency; and supplies energy from power plants. Digihost Technology Inc was incorporated in 2017 and is headquartered in Houston, Texas.