Digi Power X (NASDAQ:DGXX) CEO Michel Amar Buys 20,000 Shares

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar purchased 20,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $3.60 per share, for a total transaction of $72,000.00. Following the completion of the purchase, the chief executive officer directly owned 1,699,885 shares of the company’s stock, valued at approximately $6,119,586. The trade was a 1.19% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Digi Power X Stock Performance

NASDAQ DGXX opened at $3.92 on Friday. The business has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.23. Digi Power X Inc. has a one year low of $1.86 and a one year high of $9.20. The company has a market cap of $354.45 million, a P/E ratio of -7.26 and a beta of 6.28.

Digi Power X (NASDAQ:DGXX) last announced its earnings results on Friday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. The business had revenue of $6.63 million for the quarter. Digi Power X had a negative return on equity of 26.75% and a negative net margin of 116.79%.

Analysts Set New Price Targets

DGXX has been the topic of a number of research reports. Wall Street Zen raised shares of Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Alliance Global Partners reissued a “buy” rating on shares of Digi Power X in a report on Friday, August 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Digi Power X presently has an average rating of “Hold” and a consensus price target of $4.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Weiss Asset Management LP acquired a new position in shares of Digi Power X during the first quarter worth about $540,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Digi Power X in the 4th quarter valued at approximately $1,033,000. FNY Investment Advisers LLC acquired a new stake in Digi Power X in the second quarter valued at $79,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Digi Power X during the 2nd quarter worth $66,000. Finally, Bank of America Corp DE increased its holdings in shares of Digi Power X by 5,228.9% in the 1st quarter. Bank of America Corp DE now owns 43,484 shares of the company’s stock valued at $88,000 after purchasing an additional 42,668 shares in the last quarter. Institutional investors and hedge funds own 1.93% of the company’s stock.

Digi Power X Company Profile

Digihost Technology Inc operates as a blockchain technology company that focuses on digital currency mining in the United States. It mines for cryptocurrency. The company was incorporated in 2017 and is headquartered in Toronto, Canada.