BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) Upgraded to “Strong-Buy” at Freedom Capital

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) was upgraded by equities researchers at Freedom Capital to a “strong-buy” rating in a report released on Monday, Zacks reports.

A number of other brokerages have also recently commented on AIB. Lucid Cap Mkts upgraded shares of BlockchAIn Digital Infrastructure to a “strong-buy” rating in a research note on Wednesday, July 1st. Maxim Group began coverage on BlockchAIn Digital Infrastructure in a report on Tuesday, June 30th. They set a “buy” rating and a $5.00 price objective on the stock. Finally, Zacks Research upgraded BlockchAIn Digital Infrastructure to a “hold” rating in a research note on Wednesday, July 1st. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $5.00.

BlockchAIn Digital Infrastructure Stock Down 0.9%

NYSEAMERICAN:AIB opened at $1.14 on Monday. The company has a 50-day moving average of $1.40 and a 200-day moving average of $1.67. BlockchAIn Digital Infrastructure has a 52 week low of $0.90 and a 52 week high of $6.28.

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) last issued its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter. The business had revenue of $2.92 million for the quarter. BlockchAIn Digital Infrastructure had a negative net margin of 26.53% and a negative return on equity of 15.42%. Equities research analysts predict that BlockchAIn Digital Infrastructure will post -0.50 earnings per share for the current fiscal year.

About BlockchAIn Digital Infrastructure

BlockchAIn Digital Infrastructure Inc is engaged in the digital infrastructure business, providing data center operations and high-performance computing services. The company offers power infrastructure, hosting services, and equipment leasing to customers involved in blockchain computing, artificial intelligence, and high-performance data processing. Its operations include leasing space, power capacity, and equipment within data center facilities, as well as offering modular digital asset mining containers and related hardware and support services.