HC Wainwright Reiterates “Buy” Rating for Digihost Technology (NASDAQ:DGHI)

Digihost Technology (NASDAQ:DGHI)‘s stock had its “buy” rating reiterated by equities researchers at HC Wainwright in a research note issued on Monday,Benzinga reports. They presently have a $2.50 price objective on the stock. HC Wainwright’s price target suggests a potential upside of 21.36% from the stock’s previous close.

Digihost Technology Stock Down 0.5 %

Shares of DGHI stock opened at $2.06 on Monday. The business’s fifty day moving average is $1.52 and its 200 day moving average is $1.37. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. Digihost Technology has a twelve month low of $0.84 and a twelve month 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 lifted its stake in Digihost Technology Inc. (NASDAQ:DGHI) by 108.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,211 shares of the company’s stock after purchasing an additional 45,388 shares during the quarter. Jane Street Group LLC owned about 0.26% of Digihost Technology worth $101,000 as of its most recent filing with the Securities & Exchange Commission. 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.