Digihost Technology Shares Outstanding vs. Price To Sales
| DGHI Stock | USD 1.90 0.04 2.06% |
For Digihost Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Digihost Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Digihost Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Digihost Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Digihost Technology over time as well as its relative position and ranking within its peers.
Digihost |
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Digihost Technology. If investors know Digihost will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Digihost Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.71) | Earnings Share (0.33) | Revenue Per Share 1.322 | Quarterly Revenue Growth 0.572 | Return On Assets (0.20) |
The market value of Digihost Technology is measured differently than its book value, which is the value of Digihost that is recorded on the company's balance sheet. Investors also form their own opinion of Digihost Technology's value that differs from its market value or its book value, called intrinsic value, which is Digihost Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Digihost Technology's market value can be influenced by many factors that don't directly affect Digihost Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Digihost Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Digihost Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Digihost Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Digihost Technology Price To Sales vs. Shares Outstanding Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Digihost Technology's current stock value. Our valuation model uses many indicators to compare Digihost Technology value to that of its competitors to determine the firm's financial worth. Digihost Technology is rated # 2 in shares outstanding category among its peers. It is rated below average in price to sales category among its peers . The ratio of Shares Outstanding to Price To Sales for Digihost Technology is about 19,756,778 . As of now, Digihost Technology's Price To Sales Ratio is decreasing as compared to previous years. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Digihost Technology's earnings, one of the primary drivers of an investment's value.Digihost Price To Sales vs. Shares Outstanding
Outstanding Shares are shares of common stock of a public company that were purchased by investors after they were authorized and issued by the company to the public. Outstanding Shares are typically reported on fully diluted basis, including exotic instruments such as options, or convertibles bonds.
Digihost Technology |
| = | 33.01 M |
Outstanding shares that are stated on company Balance Sheet are used when calculating many important valuation and performance indicators including Return on Equity, Market Cap, EPS and many others.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.
Digihost Technology |
| = | 1.67 X |
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.
Digihost Price To Sales Comparison
Digihost Technology is currently under evaluation in price to sales category among its peers.
Digihost Technology Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Digihost Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Digihost Technology will eventually generate negative long term returns. The profitability progress is the general direction of Digihost Technology's change in net profit over the period of time. It can combine multiple indicators of Digihost Technology, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -3.1 M | -3 M | |
| Net Income Applicable To Common Shares | 260.4 K | 273.4 K | |
| Net Interest Income | -195 K | -204.7 K | |
| Operating Income | -25.5 M | -24.2 M | |
| Net Loss | -21.9 M | -20.8 M | |
| Income Before Tax | 3.2 M | 3.4 M | |
| Total Other Income Expense Net | 35.7 M | 37.5 M | |
| Net Income | 5 M | 5.2 M | |
| Income Tax Expense | -1.8 M | -1.7 M | |
| Change To Netincome | -12.1 M | -11.5 M | |
| Net Loss | (0.77) | (0.73) | |
| Income Quality | (0.26) | (0.27) | |
| Net Income Per E B T | 1.78 | 1.07 |
Digihost Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Digihost Technology. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Digihost Technology position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Digihost Technology's important profitability drivers and their relationship over time.
Use Digihost Technology in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Digihost Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Digihost Technology will appreciate offsetting losses from the drop in the long position's value.Digihost Technology Pair Trading
Digihost Technology Pair Trading Analysis
The ability to find closely correlated positions to Digihost Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Digihost Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Digihost Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Digihost Technology to buy it.
The correlation of Digihost Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Digihost Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Digihost Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Digihost Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Digihost Technology position
In addition to having Digihost Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Precious Metals theme has 61 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Precious Metals Theme or any other thematic opportunities.
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Check out Investing Opportunities. For more detail on how to invest in Digihost Stock please use our How to Invest in Digihost Technology guide.You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
To fully project Digihost Technology's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Digihost Technology at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Digihost Technology's income statement, its balance sheet, and the statement of cash flows.