Digihost Technology (NASDAQ:DGXX) Given Buy Rating at HC Wainwright

Digihost Technology (NASDAQ:DGXX)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a note issued to investors on Thursday,Benzinga reports. They presently have a $2.50 target price on the stock. HC Wainwright’s price target points to a potential upside of 7.76% from the stock’s current price.

Digihost Technology Trading Up 13.2%

Shares of Digihost Technology stock opened at $2.32 on Thursday. The company has a fifty day simple moving average of $1.32. The firm has a market cap of $84.37 million, a price-to-earnings ratio of -4.46 and a beta of 5.33. Digihost Technology has a 52 week low of $0.84 and a 52 week high of $3.77.

Digihost Technology (NASDAQ:DGXX) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.37. The company had revenue of $9.28 million for the quarter, compared to analysts’ expectations of $12.10 million.

Digihost Technology Company Profile

Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.