Digihost Technology (NASDAQ:DGHI) Receives “Buy” Rating from HC Wainwright

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

Digihost Technology Stock Performance

Shares of DGHI opened at $1.10 on Friday. Digihost Technology has a 1 year low of $0.82 and a 1 year high of $2.54. The company has a market cap of $32.29 million, a price-to-earnings ratio of -3.79 and a beta of 5.37. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a fifty day moving average of $1.24 and a 200-day moving average of $1.33.

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, topping the consensus estimate of ($0.22) by $0.06. Digihost Technology had a negative net margin of 27.10% and a negative return on equity of 26.99%. The business had revenue of $9.23 million during the quarter, compared to the consensus estimate of $8.10 million. As a group, equities analysts anticipate that Digihost Technology will post -0.48 earnings per share for the current year.

Institutional Trading of Digihost Technology

A hedge fund recently bought a new stake in Digihost Technology stock. Vima LLC acquired a new position in Digihost Technology Inc. (NASDAQ:DGHI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,710 shares of the company’s stock, valued at approximately $71,000. Vima LLC owned about 0.10% of Digihost Technology as of its most recent filing with the Securities and Exchange Commission (SEC). 1.93% of the stock is owned by institutional investors.

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.