266,226 Shares in Digi Power X Inc. $DGXX Bought by Weiss Asset Management LP

Weiss Asset Management LP bought a new position in shares of Digi Power X Inc. (NASDAQ:DGXX) during the 1st quarter, Holdings Channel.com reports. The firm bought 266,226 shares of the company’s stock, valued at approximately $540,000.

Other institutional investors also recently bought and sold shares of the company. Vennlight Capital Management LP acquired a new stake in shares of Digi Power X in the fourth quarter worth about $4,471,000. Vident Advisory LLC acquired a new position in shares of Digi Power X during the 3rd quarter valued at about $2,663,000. Renaissance Technologies LLC raised its stake in shares of Digi Power X by 157.8% in the 4th quarter. Renaissance Technologies LLC now owns 883,501 shares of the company’s stock valued at $2,253,000 after acquiring an additional 540,801 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Digi Power X in the 3rd quarter valued at approximately $1,585,000. Finally, Geode Capital Management LLC lifted its holdings in Digi Power X by 1,771.7% in the 4th quarter. Geode Capital Management LLC now owns 592,399 shares of the company’s stock worth $1,511,000 after purchasing an additional 560,749 shares during the last quarter. 1.93% of the stock is currently owned by institutional investors.

Digi Power X Trading Down 3.5%

DGXX opened at $3.84 on Tuesday. Digi Power X Inc. has a 1 year low of $1.86 and a 1 year high of $9.20. The stock has a market cap of $347.21 million, a PE ratio of -5.91 and a beta of 6.25. The stock’s 50 day simple moving average is $5.92 and its 200-day simple moving average is $4.13.

Digi Power X (NASDAQ:DGXX) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.07) EPS for the quarter. The business had revenue of $6.79 million for the quarter. Digi Power X had a negative return on equity of 42.04% and a negative net margin of 98.79%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a research report on Friday, July 17th. Alliance Global Partners reissued a “buy” rating on shares of Digi Power X in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.00.

Insider Activity

In other news, President Alec Amar sold 27,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $3.56, for a total value of $97,900.00. Following the sale, the president owned 1,368,949 shares in the company, valued at approximately $4,873,458.44. The trade was a 1.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

About Digi Power X

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.