Digihost Technology (NASDAQ:DGHI) Stock Rating Reaffirmed by HC Wainwright

Digihost Technology (NASDAQ:DGHI)‘s stock had its “buy” rating reiterated by equities research analysts at HC Wainwright in a note issued to investors on Friday, Benzinga reports. They currently have a $2.50 target price on the stock. HC Wainwright’s target price points to a potential upside of 117.39% from the company’s previous close.

Digihost Technology Price Performance

Shares of Digihost Technology stock opened at $1.15 on Friday. The firm has a fifty day simple moving average of $1.25 and a 200-day simple moving average of $1.33. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.01. Digihost Technology has a 1-year low of $0.82 and a 1-year high of $2.54. The stock has a market capitalization of $33.76 million, a price-to-earnings ratio of -3.97 and a beta of 5.37.

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

Institutional Investors Weigh In On Digihost Technology

An institutional investor recently bought a new position in Digihost Technology stock. Tocqueville Asset Management L.P. bought a new stake in shares of Digihost Technology Inc. (NASDAQ:DGHI) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 30,847 shares of the company’s stock, valued at approximately $45,000. Tocqueville Asset Management L.P. owned 0.11% of Digihost Technology at the end of the most recent quarter. 1.93% of the stock is owned by institutional investors and hedge funds.

About Digihost Technology

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.