BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) Issues Earnings Results

BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) released its earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, FiscalAI reports. BlockchAIn Digital Infrastructure had a negative net margin of 8.44% and a negative return on equity of 18.08%. The company had revenue of $2.92 million during the quarter.

BlockchAIn Digital Infrastructure Stock Performance

Shares of AIB traded down $0.13 during midday trading on Friday, hitting $1.69. The stock had a trading volume of 748,083 shares, compared to its average volume of 1,982,895. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.42 and a quick ratio of 0.42. The firm has a 50 day moving average of $1.89. BlockchAIn Digital Infrastructure has a twelve month low of $0.90 and a twelve month high of $6.28.

Analyst Ratings Changes

AIB has been the subject of a number of recent analyst reports. Zacks Research raised BlockchAIn Digital Infrastructure to a “hold” rating in a research note on Wednesday, July 1st. Lucid Cap Mkts upgraded shares of BlockchAIn Digital Infrastructure to a “strong-buy” rating in a report on Wednesday, July 1st. Finally, Maxim Group started coverage on shares of BlockchAIn Digital Infrastructure in a research note on Tuesday, June 30th. They issued a “buy” rating and a $5.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, BlockchAIn Digital Infrastructure has a consensus rating of “Buy” and a consensus price target of $5.00.

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.