Maxim Group Begins Coverage on BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB)

Equities researchers at Maxim Group started coverage on shares of BlockchAIn Digital Infrastructure (NYSEAMERICAN:AIB) in a research note issued on Tuesday. The brokerage set a “buy” rating and a $5.00 price target on the stock. Maxim Group’s price objective would suggest a potential upside of 138.10% from the stock’s previous close.

BlockchAIn Digital Infrastructure Price Performance

AIB opened at $2.10 on Tuesday. The company’s fifty day moving average price is $1.90. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.01. 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 quarterly earnings results on Friday, May 15th. The company reported ($0.01) earnings per share (EPS) for the quarter. BlockchAIn Digital Infrastructure had a negative net margin of 8.44% and a negative return on equity of 18.08%. The firm had revenue of $4.91 million for the quarter.

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.