Digi Power X (NASDAQ:DGXX) President Acquires $38,600.00 in Stock

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar bought 10,000 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was acquired at an average cost of $3.86 per share, with a total value of $38,600.00. Following the transaction, the president owned 1,378,949 shares of the company’s stock, valued at $5,322,743.14. This trade represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Digi Power X Stock Performance

Shares of DGXX stock opened at $4.07 on Monday. The company has a market capitalization of $368.01 million, a price-to-earnings ratio of -7.54 and a beta of 6.29. Digi Power X Inc. has a 1-year low of $1.86 and a 1-year high of $9.20. The stock’s fifty day simple moving average is $4.59 and its 200-day simple moving average is $4.24.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Digi Power X

Several institutional investors and hedge funds have recently modified their holdings of DGXX. PFG Investments LLC acquired a new position in Digi Power X during the fourth quarter worth $26,000. Commonwealth Equity Services LLC acquired a new stake in shares of Digi Power X in the fourth quarter worth about $29,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Digi Power X in the fourth quarter worth about $29,000. J.W. Cole Advisors Inc. bought a new stake in shares of Digi Power X during the 4th quarter worth about $29,000. Finally, Dynamic Advisor Solutions LLC bought a new stake in shares of Digi Power X during the 2nd quarter worth about $66,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

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.