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

Freedom Capital upgraded shares of BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) to a strong-buy rating in a research report released on Monday,Zacks reports.

Other equities analysts have also issued research reports about the stock. Zacks Research raised shares of BlockchAIn Digital Infrastructure to a “hold” rating in a report on Wednesday, July 1st. Maxim Group started coverage on shares of BlockchAIn Digital Infrastructure in a report on Tuesday, June 30th. They set a “buy” rating and a $5.00 price objective for the company. Finally, Lucid Cap Mkts upgraded shares of BlockchAIn Digital Infrastructure to a “strong-buy” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, BlockchAIn Digital Infrastructure presently has a consensus rating of “Buy” and an average price target of $5.00.

BlockchAIn Digital Infrastructure Stock Performance

AIB stock opened at $1.14 on Monday. The company’s 50 day moving average is $1.40 and its 200 day moving average is $1.67. BlockchAIn Digital Infrastructure has a 1-year low of $0.90 and a 1-year high of $6.28.

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) last announced its earnings results on Thursday, August 13th. The company reported ($0.07) earnings per share for the quarter. BlockchAIn Digital Infrastructure had a negative net margin of 26.53% and a negative return on equity of 15.42%. The company had revenue of $2.92 million during the quarter. Research analysts forecast 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.