Digihost Technology (NASDAQ:DGHI) Stock Price Down 2.4% – Should You Sell?

Digihost Technology Inc. (NASDAQ:DGHI) shares were down 2.4% during mid-day trading on Wednesday . The stock traded as low as $2.82 and last traded at $2.87. Approximately 338,016 shares changed hands during trading, a decline of 54% from the average daily volume of 738,770 shares. The stock had previously closed at $2.94.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $2.50 price target on shares of Digihost Technology in a report on Monday, December 16th.

Digihost Technology Stock Performance

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 firm has a 50-day moving average of $2.07 and a 200 day moving average of $1.61. The stock has a market capitalization of $97.01 million, a P/E ratio of -5.37 and a beta of 5.53.

Institutional Investors Weigh In On Digihost Technology

A hedge fund recently raised its stake in Digihost Technology stock. Jane Street Group LLC increased its stake in shares of Digihost Technology Inc. (NASDAQ:DGHI) by 108.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,211 shares of the company’s stock after buying an additional 45,388 shares during the quarter. Jane Street Group LLC owned 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 institutional investors and hedge funds.

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.