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

Digihost Technology (NASDAQ:DGHI)‘s stock had its “buy” rating reaffirmed by equities research analysts at HC Wainwright in a research note issued on Monday,Benzinga reports. They presently have a $2.50 price target on the stock. HC Wainwright’s price target points to a potential upside of 17.92% from the company’s previous close.

Digihost Technology Price Performance

Digihost Technology stock opened at $2.12 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $69.98 million, a price-to-earnings ratio of -3.93 and a beta of 5.25. The firm has a 50-day moving average of $1.50 and a two-hundred day moving average of $1.37. Digihost Technology has a 1 year low of $0.84 and a 1 year high of $2.54.

Institutional Inflows and Outflows

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