Digi Power X (NASDAQ:DGXX) President Acquires 10,000 Shares

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar purchased 10,000 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $3.86 per share, for a total transaction of $38,600.00. Following the completion of the acquisition, the president owned 1,378,949 shares of the company’s stock, valued at approximately $5,322,743.14. The trade was a 0.73% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Digi Power X Stock Up 2.0%

DGXX stock traded up $0.08 during trading on Friday, hitting $4.00. The company had a trading volume of 2,985,949 shares, compared to its average volume of 5,990,041. Digi Power X Inc. has a 52-week low of $1.86 and a 52-week high of $9.20. The company has a 50 day simple moving average of $4.63 and a 200-day simple moving average of $4.23. The firm has a market capitalization of $361.68 million, a P/E ratio of -7.41 and a beta of 6.28.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Weiss Asset Management LP bought a new stake in shares of Digi Power X in the 1st quarter valued at about $540,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Digi Power X during the fourth quarter valued at approximately $1,033,000. FNY Investment Advisers LLC purchased a new position in Digi Power X during the second quarter valued at approximately $79,000. Dynamic Advisor Solutions LLC bought a new position in Digi Power X in the second quarter worth approximately $66,000. Finally, Bank of America Corp DE raised its stake in Digi Power X by 5,228.9% in the first quarter. Bank of America Corp DE now owns 43,484 shares of the company’s stock worth $88,000 after buying an additional 42,668 shares in the last quarter. Hedge funds and other institutional investors 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.