Wall Street Zen upgraded shares of Ionic Digital (NASDAQ:IOND – Free Report) from a sell rating to a hold rating in a research note published on Saturday,Wall Street Zen reports.
IOND has been the topic of a number of other research reports. Jefferies Financial Group began coverage on shares of Ionic Digital in a research report on Monday, August 24th. They set a “buy” rating and a $85.00 target price on the stock. BTIG Research started coverage on Ionic Digital in a report on Monday, August 24th. They issued a “buy” rating and a $85.00 price target for the company. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $85.00.
Read Our Latest Report on IOND
Ionic Digital Stock Up 1.4%
Ionic Digital (NASDAQ:IOND – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The company reported ($0.94) earnings per share (EPS) for the quarter. The business had revenue of $48.65 million for the quarter.
About Ionic Digital
Ionic Digital is a digital-asset company focused on bitcoin mining and related infrastructure. Its business centers on operating and developing mining facilities, deploying specialized computing equipment, and using those resources to validate transactions on the Bitcoin network and earn bitcoin rewards.
The company was established in connection with the restructuring of Celsius Network and was intended to hold and operate bitcoin-mining assets for the benefit of Celsius creditors. Its operations are associated primarily with North American mining infrastructure, although publicly available information about its full geographic footprint and current operating structure is limited.
Ionic Digital has been led by executives with experience in cryptocurrency mining and digital-asset operations, including Matt Prusak, who was appointed chief executive officer during the company’s formation.
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