Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Digihost Technology Inc’s current trading price is -17.41% away from its 52-week high, while its distance from the 52-week low is 120.24%. The stock’s price range during this period has varied between $0.84 and $2.24. The company, active in the Financial sector, saw a trading volume of around 0.59 million for the day, considerably higher average daily volume of 0.25 million observed over the last three months.
Digihost Technology Inc’s stock has seen a smooth market performance. The company’s stock achieved a 1-year high of $2.24 on 02/12/24, and the lowest price during that time was $0.84, recorded on 08/05/24.
How Financial Performance Impacts Market Capitalization
Digihost Technology Inc (DGHI) has experienced a quarterly rise of 72.90% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 62.31M and boasts a workforce of 15 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.5192, with a change in price of +0.6000. Similarly, Digihost Technology Inc recorded 184,393 in trading volume during the last 100 days, posting a change of +48.00%.
How DGHI’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for DGHI stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.01.
DGHI Stock Stochastic Average
As of today, the raw stochastic average of Digihost Technology Inc over the past 50 days is 58.24%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 53.66%. Additionally, the Stochastic %K and %D values for the company were 28.46% and 18.04%, respectively, over the past 20 days.
DGHI Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. This year’s metric has recorded a Price increase of 23.33%. However, over the past six months, we’ve seen a weaker performance of 24.16%. The price of DGHI fallen by 6.94% over the last 30 days. And in the last five days, it has surged by 20.13%.
