Wall Street Zen Downgrades Digi Power X (NASDAQ:DGXX) to Sell

Digi Power X (NASDAQ:DGXX) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a report on Wednesday, January 21st. HC Wainwright increased their price target on Digi Power X from $2.50 to $5.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $4.00.

Digi Power X Stock Up 8.4%

Shares of NASDAQ:DGXX opened at $2.33 on Friday. Digi Power X has a 52-week low of $0.85 and a 52-week high of $6.78. The stock has a market cap of $106.78 million, a price-to-earnings ratio of -5.55 and a beta of 5.85. The business has a 50-day moving average price of $2.94 and a 200-day moving average price of $3.17.

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings results on Thursday, November 13th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.11) by $0.08. Digi Power X had a negative net margin of 39.25% and a negative return on equity of 47.17%.

Insider Buying and Selling at Digi Power X

In other news, President Alec Amar sold 27,500 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $2.53, for a total transaction of $69,575.00. Following the sale, the president directly owned 1,263,116 shares of the company’s stock, valued at $3,195,683.48. This represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Hedge Funds Weigh In On Digi Power X

Large investors have recently bought and sold shares of the business. Creative Financial Designs Inc. ADV purchased a new position in Digi Power X during the fourth quarter worth approximately $29,000. HighTower Advisors LLC acquired a new position in shares of Digi Power X during the 4th quarter worth approximately $80,000. Members Advisory Group LLC purchased a new position in shares of Digi Power X during the 4th quarter valued at approximately $167,000. PFG Investments LLC purchased a new position in shares of Digi Power X during the 4th quarter valued at approximately $26,000. Finally, Sullivan Wood Capital Management LLC acquired a new stake in Digi Power X in the 4th quarter valued at $471,000. 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.