Digihost Technology (NASDAQ:DGHI) Given “Buy” Rating at HC Wainwright

Digihost Technology (NASDAQ:DGHI)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research note issued to investors on Monday,Benzinga reports. They presently have a $2.50 price objective on the stock. HC Wainwright’s price objective indicates a potential upside of 36.61% from the stock’s previous close.

Digihost Technology Trading Down 0.5 %

Shares of DGHI stock opened at $1.83 on Monday. The stock has a market cap of $60.41 million, a price-to-earnings ratio of -3.39 and a beta of 5.25. The stock has a 50-day moving average of $1.67 and a 200-day moving average of $1.41. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. Digihost Technology has a 1-year low of $0.84 and a 1-year high of $2.54.

Institutional Investors Weigh In On Digihost Technology

An institutional investor recently raised its position in Digihost Technology stock. Jane Street Group LLC increased its holdings in shares of Digihost Technology Inc. (NASDAQ:DGHI) by 108.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,211 shares of the company’s stock after purchasing an additional 45,388 shares during the period. Jane Street Group LLC owned approximately 0.26% of Digihost Technology worth $101,000 at the end of the most recent quarter. 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.