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HC Wainwright Issues Pessimistic Forecast for DGHI Earnings

Digihost Technology logo with Business Services background

Digihost Technology Inc. (NASDAQ:DGHI - Free Report) - Equities research analysts at HC Wainwright cut their FY2024 EPS estimates for Digihost Technology in a report released on Monday, December 2nd. HC Wainwright analyst K. Dede now anticipates that the company will earn ($0.33) per share for the year, down from their prior estimate of ($0.26). HC Wainwright has a "Buy" rating and a $2.50 price objective on the stock. The consensus estimate for Digihost Technology's current full-year earnings is ($0.26) per share. HC Wainwright also issued estimates for Digihost Technology's Q4 2024 earnings at ($0.15) EPS and FY2025 earnings at ($1.74) EPS.

Digihost Technology Trading Up 1.5 %

DGHI traded up $0.03 during trading on Wednesday, reaching $2.09. 294,852 shares of the stock traded hands, compared to its average volume of 124,546. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $68.99 million, a PE ratio of -3.81 and a beta of 5.25. The stock's 50-day moving average is $1.54 and its 200 day moving average is $1.38. Digihost Technology has a 12 month low of $0.84 and a 12 month high of $2.54.

Institutional Trading of Digihost Technology

A hedge fund recently raised its stake in Digihost Technology stock. Jane Street Group LLC lifted its stake in shares of Digihost Technology Inc. (NASDAQ:DGHI - Free Report) by 108.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period. 1.93% of the stock is owned by hedge funds and other institutional investors.

Digihost Technology Company Profile

(Get Free Report)

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.

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