Key Points
- Insider sale: President Alec Amar sold 27,500 shares on Feb. 2 at an average of $2.53 for $69,575, trimming his position by 2.13% to 1,263,116 shares after a similar 27,500‑share sale in January.
- Company financials and trading: DGXX trades near $2.74 (12‑month range $0.85–$6.78) with a $125.6M market cap, negative profitability (P/E -6.52, net margin -39.25%, ROE -47.17%) despite a recent quarterly EPS beat.
- Analyst and institutional view: Analysts are mixed (two Buys, one Sell) with a consensus "Hold" and $4 target, while hedge funds own about 1.93% of the stock led by a $2.66M stake from Vident Advisory.
Digi Power X Inc. (NASDAQ:DGXX - Get Free Report) President Alec Amar sold 27,500 shares of the company's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $2.53, for a total value of $69,575.00. Following the completion of the sale, the president owned 1,263,116 shares of the company's stock, valued at approximately $3,195,683.48. This trade represents a 2.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Alec Amar also recently made the following trade(s):
- On Friday, January 2nd, Alec Amar sold 27,500 shares of Digi Power X stock. The stock was sold at an average price of $2.72, for a total value of $74,800.00.
Digi Power X Trading Up 8.7%
Shares of NASDAQ DGXX opened at $2.74 on Wednesday. Digi Power X Inc. has a twelve month low of $0.85 and a twelve month high of $6.78. The firm has a 50-day moving average of $3.05 and a two-hundred day moving average of $3.19. The company has a market capitalization of $125.57 million, a price-to-earnings ratio of -6.52 and a beta of 5.85.
Digi Power X (NASDAQ:DGXX - Get Free Report) last announced its quarterly earnings data on Thursday, November 13th. The company reported ($0.03) earnings per share (EPS) 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%.
Hedge Funds Weigh In On Digi Power X
Several institutional investors and hedge funds have recently added to or reduced their stakes in DGXX. Arkadios Wealth Advisors purchased a new stake in shares of Digi Power X in the third quarter valued at $27,000. Fortitude Advisory Group L.L.C. purchased a new position in shares of Digi Power X during the third quarter valued at $34,000. Sprott Inc. acquired a new position in Digi Power X during the third quarter valued at $69,000. Private Advisor Group LLC acquired a new position in Digi Power X during the third quarter valued at $39,000. Finally, Vident Advisory LLC purchased a new stake in Digi Power X in the 3rd quarter worth about $2,663,000. 1.93% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a "sell (d-)" rating on shares of Digi Power X in a research note on Wednesday, January 21st. HC Wainwright upped their target price on Digi Power X from $2.50 to $5.00 and gave the company a "buy" rating in a report on Monday, November 17th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $4.00.
Check Out Our Latest Report on Digi Power X
About Digi Power X
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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.
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