Key Points
- Alec Amar, President of Digi Power X, sold 27,500 shares on May 1 at an average of $3.56 for a total of $97,900, executed under a pre-arranged Rule 10b5-1 plan; he still directly owns 1,368,949 shares (a 1.97% reduction).
- Shares jumped 29.4% and opened at $5.11; the company has a 12‑month range of $1.16–$6.78, a market cap of $234.2M, and recently reported a quarterly EPS miss (‑$0.31 vs. ‑$0.14) while beating revenue expectations ($8.65M vs. $6.80M).
- Analyst and institutional sentiment is mixed: consensus rating is "Hold" with a $4.00 average target, several sell ratings from firms like Wall Street Zen and Weiss, and low institutional ownership at 1.93%.
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 Friday, May 1st. The stock was sold at an average price of $3.56, for a total value of $97,900.00. Following the completion of the sale, the president directly owned 1,368,949 shares in the company, valued at approximately $4,873,458.44. The trade was a 1.97% 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. 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 8th, Alec Amar sold 25,700 shares of Digi Power X stock. The stock was sold at an average price of $2.26, for a total transaction of $58,082.00.
- On Wednesday, April 1st, Alec Amar sold 1,800 shares of Digi Power X stock. The stock was sold at an average price of $2.25, for a total value of $4,050.00.
Digi Power X Trading Up 29.4%
Digi Power X stock opened at $5.11 on Wednesday. Digi Power X Inc. has a 12 month low of $1.16 and a 12 month high of $6.78. The company has a market capitalization of $234.19 million, a price-to-earnings ratio of -8.11 and a beta of 5.85. The business's fifty day simple moving average is $2.72 and its two-hundred day simple moving average is $3.17.
Digi Power X (NASDAQ:DGXX - Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The company reported ($0.31) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.17). Digi Power X had a negative net margin of 82.94% and a negative return on equity of 54.82%. The firm had revenue of $8.65 million for the quarter, compared to analysts' expectations of $6.80 million. On average, equities research analysts predict that Digi Power X Inc. will post -0.39 EPS for the current year.
Hedge Funds Weigh In On Digi Power X
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors bought a new position in Digi Power X during the third quarter valued at $27,000. Fortitude Advisory Group L.L.C. bought a new stake in shares of Digi Power X in the 3rd quarter worth about $34,000. Sprott Inc. purchased a new stake in shares of Digi Power X during the 3rd quarter valued at about $69,000. Private Advisor Group LLC purchased a new stake in shares of Digi Power X during the 3rd quarter valued at about $39,000. Finally, Vident Advisory LLC bought a new position in shares of Digi Power X in the 3rd quarter valued at about $2,663,000. 1.93% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. Wall Street Zen lowered shares of Digi Power X from a "hold" rating to a "sell" rating in a research report on Saturday, March 21st. Weiss Ratings reissued a "sell (d-)" rating on shares of Digi Power X in a report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.00.
View Our Latest Stock Analysis on DGXX
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.
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