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

Digihost Technology (NASDAQ:DGHI)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a research report issued on Monday,Benzinga reports. They presently have a $2.50 price objective on the stock. HC Wainwright’s price target would indicate a potential upside of 17.92% from the stock’s current price.

Digihost Technology Stock Up 7.6 %

Shares of NASDAQ DGHI opened at $2.12 on Monday. 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 12-month low of $0.84 and a 12-month high of $2.54. The firm’s 50-day moving average price is $1.50 and its 200-day moving average price is $1.37. The stock has a market capitalization of $69.98 million, a price-to-earnings ratio of -3.93 and a beta of 5.25.

Hedge Funds Weigh In On Digihost Technology

A hedge fund recently raised its stake in Digihost Technology stock. Jane Street Group LLC increased its position in shares of Digihost Technology Inc. (NASDAQ:DGHI) by 108.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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. 1.93% of the stock is currently owned by institutional investors and hedge funds.

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.