Digihost Technology (NASDAQ:DGHI) Earns Buy Rating from HC Wainwright

Digihost Technology (NASDAQ:DGHI)‘s stock had its “buy” rating reissued by research analysts at HC Wainwright in a research note issued on Friday, Benzinga reports. They currently have a $2.50 target price on the stock. HC Wainwright’s target price would suggest a potential upside of 110.08% from the company’s current price.

Digihost Technology Stock Up 1.7 %

NASDAQ DGHI opened at $1.19 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 0.01. The company has a market cap of $34.93 million, a price-to-earnings ratio of -4.10 and a beta of 5.37. The company has a 50 day moving average of $1.25 and a 200-day moving average of $1.33. Digihost Technology has a 1-year low of $0.82 and a 1-year high of $2.54.

Digihost Technology (NASDAQ:DGHI) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share 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 return on equity of 26.99% and a negative net margin of 27.10%. On average, equities research analysts expect that Digihost Technology will post -0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Digihost Technology

An institutional investor recently bought a new position in Digihost Technology stock. Vima LLC purchased a new position in shares of Digihost Technology Inc. (NASDAQ:DGHI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 30,710 shares of the company’s stock, valued at approximately $71,000. Vima LLC owned approximately 0.10% of Digihost Technology at the end of the most recent quarter. Institutional investors and hedge funds own 1.93% of the company’s stock.

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.