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

HC Wainwright restated their buy rating on shares of Digihost Technology (NASDAQ:DGHI) in a report published on Friday morning, Benzinga reports. They currently have a $2.50 price target on the stock.

Digihost Technology Trading Down 3.4 %

Digihost Technology stock opened at $1.15 on Friday. The stock has a 50-day moving average price of $1.25 and a 200 day moving average price of $1.33. Digihost Technology has a 52 week low of $0.82 and a 52 week high of $2.54. The stock has a market cap of $33.76 million, a PE ratio of -3.97 and a beta of 5.37. 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 (NASDAQ:DGHI) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.06. The business had revenue of $9.23 million during the quarter, compared to analyst estimates of $8.10 million. Digihost Technology had a negative net margin of 27.10% and a negative return on equity of 26.99%. Equities research analysts predict that Digihost Technology will post -0.48 earnings per share for the current fiscal 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. purchased a new position in Digihost Technology Inc. (NASDAQ:DGHI) during the first quarter, according to its most recent Form 13F filing 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 about 0.11% of Digihost Technology at the end of the most recent quarter. Institutional investors and hedge funds 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.