Key Points
- President Alec Amar sold 25,700 shares of Digi Power X on April 8 at an average price of $2.26 (≈$58,082) under a pre-arranged Rule 10b5-1 plan, reducing his stake to 1,341,449 shares (a 1.88% ownership decrease) after prior sales on Apr. 1 and Feb. 2.
- Digi Power X reported Q1 EPS of ($0.31), missing estimates by $0.17 while beating revenue expectations ($8.65M vs. $6.8M); the company remains unprofitable with an 82.94% net margin and negative ROE, and the stock trades near $2.36 amid high volatility and a mixed analyst consensus (average "Hold", target $4).
Digi Power X Inc. (NASDAQ:DGXX - Get Free Report) President Alec Amar sold 25,700 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $2.26, for a total value of $58,082.00. Following the completion of the transaction, the president directly owned 1,341,449 shares of the company's stock, valued at approximately $3,031,674.74. This represents a 1.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Alec Amar also recently made the following trade(s):
- On Wednesday, April 1st, Alec Amar sold 1,800 shares of Digi Power X stock. The shares were sold at an average price of $2.25, for a total value of $4,050.00.
- On Monday, February 2nd, Alec Amar sold 27,500 shares of Digi Power X stock. The shares were sold at an average price of $2.53, for a total value of $69,575.00.
Digi Power X Stock Down 1.7%
Shares of NASDAQ:DGXX opened at $2.36 on Friday. The business has a fifty day moving average of $2.44 and a two-hundred day moving average of $3.10. The stock has a market cap of $108.16 million, a P/E ratio of -3.75 and a beta of 5.85. Digi Power X Inc. has a 52-week low of $0.85 and a 52-week high of $6.78.
Digi Power X (NASDAQ:DGXX - Get Free Report) last issued its earnings results on Tuesday, March 31st. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.17). The company had revenue of $8.65 million during the quarter, compared to analysts' expectations of $6.80 million. Digi Power X had a negative net margin of 82.94% and a negative return on equity of 54.82%.
Hedge Funds Weigh In On Digi Power X
Hedge funds have recently modified their holdings of the business. PFG Investments LLC purchased a new position in shares of Digi Power X during the 4th quarter worth $26,000. Commonwealth Equity Services LLC purchased a new position in shares of Digi Power X during the 4th quarter worth $29,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Digi Power X during the 4th quarter worth $29,000. J.W. Cole Advisors Inc. purchased a new position in Digi Power X during the 4th quarter valued at about $29,000. Finally, Arkadios Wealth Advisors purchased a new position in Digi Power X during the 3rd quarter valued at about $27,000. 1.93% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have issued reports on DGXX. Wall Street Zen cut Digi Power X from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Weiss Ratings restated a "sell (d-)" rating on shares of Digi Power X in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Digi Power X has an average rating of "Hold" and a consensus target price of $4.00.
Check Out Our Latest Stock Analysis on DGXX
Digi Power X Company Profile
(
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.
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