Digihost Technology Inc (DGHI) Looks Set To Grow At A Great Clip In 2024

Digihost Technology Inc (NASDAQ:DGHI) has a beta value of 5.31 and has seen 1.29 million shares traded in the last trading session. The company, currently valued at $58.27M, closed the last trade at $1.73 per share which meant it lost -$0.17 on the day or -8.95% during that session. The DGHI stock price is -46.82% off its 52-week high price of $2.54 and 51.45% above the 52-week low of $0.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.31 million shares traded. The 3-month trading volume is 174.66K shares.

Digihost Technology Inc (NASDAQ:DGHI) trade information

Sporting -8.95% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the DGHI stock price touched $1.73 or saw a rise of 13.93%. Year-to-date, Digihost Technology Inc shares have moved -24.45%, while the 5-day performance has seen it change -11.73%. Over the past 30 days, the shares of Digihost Technology Inc (NASDAQ:DGHI) have changed -7.98%. Short interest in the company has seen 0.23 million shares shorted with days to cover at 1.47.

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Wall Street analysts have a consensus price target for the stock at $2.5, which means that the shares’ value could jump 30.8% from current levels. The projected low price target is $2.5 while the price target rests at a high of $2.5. In that case, then, we find that the current price level is -44.51% off the targeted high while a plunge would see the stock gain -44.51% from current levels.

Digihost Technology Inc (DGHI) estimates and forecasts

Figures show that Digihost Technology Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 30.08% over the past 6 months, with this year growth rate of 41.07%, compared to 16.30% for the industry. Revenue growth from the last financial year stood is estimated to be 58.45%.

1 analysts offering their estimates for the company have set an average revenue estimate of 12.19M for the current quarter.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 52.23% over the past 5 years.

DGHI Dividends

Digihost Technology Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Digihost Technology Inc (NASDAQ:DGHI)’s Major holders

Insiders own 29.65% of the company shares, while shares held by institutions stand at 10.25% with a share float percentage of 14.57%. Investors are also buoyed by the number of investors in a company, with Digihost Technology Inc having a total of 23.0 institutions that hold shares in the company. The top two institutional holders are VIDENT ADVISORY, LLC with over 0.8 million shares worth more than $1.02 million. As of 2024-06-30, VIDENT ADVISORY, LLC held 2.7283% of shares outstanding.

The other major institutional holder is JANE STREET GROUP, LLC, with the holding of over 41823.0 shares as of 2024-06-30. The firm’s total holdings are worth over $55646.0 and represent 0.143% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF and Fidelity NASDAQ Composite Index Fund . As of Sep 30, 2024 , the former fund manager holds about 2.67% shares in the company for having 882.77 shares of worth $1.53 million while later fund manager owns 9.84 shares of worth $17030.0 as of Oct 31, 2024 , which makes it owner of about 0.03% of company’s outstanding stock.