Critical Analysis: Digihost Technology (DGHI) & Its Peers

Digihost Technology (NASDAQ:DGHI – Get Rating) is one of 139 public companies in the “Data processing & preparation” industry, but how does it weigh in compared to its competitors? We will compare Digihost Technology to similar companies based on the strength of its risk, institutional ownership, analyst recommendations, earnings, dividends, profitability and valuation.

Analyst Recommendations

This is a summary of recent ratings and price targets for Digihost Technology and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Digihost Technology	0	0	1	0	3.00
Digihost Technology Competitors	746	3254	4994	99	2.49

Digihost Technology presently has a consensus target price of $5.00, suggesting a potential upside of 93.05%. As a group, “Data processing & preparation” companies have a potential upside of 61.24%. Given Digihost Technology’s stronger consensus rating and higher probable upside, analysts clearly believe Digihost Technology is more favorable than its competitors.

Valuation and Earnings

This table compares Digihost Technology and its competitors revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Digihost Technology	$24.95 million	$290,000.00	129.56
Digihost Technology Competitors	$899.58 million	-$8.22 million	-12.15

Digihost Technology’s competitors have higher revenue, but lower earnings than Digihost Technology. Digihost Technology is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.

Profitability

This table compares Digihost Technology and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Digihost Technology	7.16%	2.98%	2.68%
Digihost Technology Competitors	-38.27%	-1,482.34%	-5.88%

Institutional and Insider Ownership

1.8% of Digihost Technology shares are held by institutional investors. Comparatively, 52.3% of shares of all “Data processing & preparation” companies are held by institutional investors. 18.3% of shares of all “Data processing & preparation” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Summary

Digihost Technology beats its competitors on 8 of the 12 factors compared.

Digihost Technology Company Profile (Get Rating)

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.