Michel Amar Purchases 20,000 Shares of Digi Power X (NASDAQ:DGXX) Stock

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were purchased at an average price of $3.60 per share, for a total transaction of $72,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,699,885 shares of the company’s stock, valued at $6,119,586. This represents a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Digi Power X Trading Up 3.8%

DGXX opened at $4.07 on Friday. The stock has a fifty day simple moving average of $4.59 and a two-hundred day simple moving average of $4.23. The company has a market cap of $368.01 million, a price-to-earnings ratio of -7.54 and a beta of 6.28. Digi Power X Inc. has a 12-month low of $1.86 and a 12-month high of $9.20.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DGXX shares. Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a report 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 restated a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $4.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DGXX. Members Advisory Group LLC increased its position in shares of Digi Power X by 6.6% during the first quarter. Members Advisory Group LLC now owns 69,887 shares of the company’s stock valued at $142,000 after acquiring an additional 4,310 shares in the last quarter. PFG Investments LLC bought a new position in Digi Power X in the 4th quarter valued at approximately $26,000. Commonwealth Equity Services LLC bought a new position in Digi Power X in the 4th quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV purchased a new stake in Digi Power X during the 4th quarter valued at $29,000. Finally, J.W. Cole Advisors Inc. purchased a new stake in Digi Power X during the 4th quarter valued at $29,000. 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.