Key Points
- President Alec Amar sold 27,500 shares on Jan. 2 at an average of $2.72 for proceeds of $74,800, reducing his stake by 2.09% to 1,290,616 shares, per the SEC filing.
- DGXX trades around $3.01 with a market cap of about $137.95M, a negative P/E of -7.17 and high volatility (beta 5.85); its 52‑week range is $0.85–$6.78.
- Analyst and institutional activity: HC Wainwright bumped its target to $5 and rated DGXX a buy while consensus is a Hold with an average target of $4; the company beat last quarter’s EPS (-$0.03 vs. -$0.11) despite negative margins and low institutional ownership (~1.93%).
Digi Power X Inc. (NASDAQ:DGXX - Get Free Report) President Alec Amar sold 27,500 shares of the firm's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $2.72, for a total value of $74,800.00. Following the completion of the sale, the president owned 1,290,616 shares of the company's stock, valued at approximately $3,510,475.52. This represents a 2.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Digi Power X Stock Performance
DGXX stock opened at $3.01 on Friday. The stock's 50 day simple moving average is $3.32 and its 200 day simple moving average is $3.19. The company has a market cap of $137.95 million, a P/E ratio of -7.17 and a beta of 5.85. Digi Power X Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $6.78.
Digi Power X (NASDAQ:DGXX - Get Free Report) last released its quarterly earnings data on Thursday, November 13th. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.08. Digi Power X had a negative return on equity of 47.17% and a negative net margin of 39.25%.
Hedge Funds Weigh In On Digi Power X
Large investors have recently bought and sold shares of the stock. Vident Advisory LLC bought a new stake in shares of Digi Power X in the 3rd quarter worth $2,663,000. Alyeska Investment Group L.P. bought a new position in shares of Digi Power X during the third quarter valued at about $1,585,000. Moneta Group Investment Advisors LLC purchased a new position in Digi Power X during the third quarter worth about $74,000. Sprott Inc. purchased a new position in Digi Power X during the third quarter worth about $69,000. Finally, Private Advisor Group LLC bought a new stake in Digi Power X in the 3rd quarter worth about $39,000. 1.93% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
DGXX has been the topic of several research reports. HC Wainwright upped their price objective on shares of Digi Power X from $2.50 to $5.00 and gave the stock a "buy" rating in a report on Monday, November 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Digi Power X in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and one has assigned 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.
View Our Latest Report on Digi Power X
About Digi Power X
(
Get Free Report)
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.
Further Reading
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