BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) Releases Earnings Results

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) posted its quarterly earnings results on Thursday. The company reported ($0.07) EPS for the quarter, FiscalAI reports. The company had revenue of $2.92 million during the quarter. BlockchAIn Digital Infrastructure had a negative return on equity of 31.84% and a negative net margin of 17.04%.

BlockchAIn Digital Infrastructure Stock Performance

BlockchAIn Digital Infrastructure stock remained flat at $1.82 during trading hours on Friday. 1,808,850 shares of the company’s stock were exchanged, compared to its average volume of 1,033,315. The company has a 50 day moving average price of $1.90. BlockchAIn Digital Infrastructure has a fifty-two week low of $0.90 and a fifty-two week high of $6.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.42 and a quick ratio of 0.42.

Analysts Set New Price Targets

AIB has been the topic of several research reports. Maxim Group began coverage on BlockchAIn Digital Infrastructure in a research note on Tuesday, June 30th. They set a “buy” rating and a $5.00 price target on the stock. Zacks Research upgraded shares of BlockchAIn Digital Infrastructure to a “hold” rating in a report on Wednesday, July 1st. Finally, Lucid Cap Mkts raised shares of BlockchAIn Digital Infrastructure to a “strong-buy” rating in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, BlockchAIn Digital Infrastructure has an average rating of “Buy” and an average target price of $5.00.

BlockchAIn Digital Infrastructure Company Profile

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.