Key Points
- CEO insider buying: Digi Power X CEO Michel Amar purchased 20,000 shares at an average price of $3.60, investing $72,000 and increasing his stake by 1.19% to 1,699,885 shares.
- Weak financial performance: The company reported a quarterly loss of $0.17 per share on $6.63 million in revenue, alongside a negative 116.79% net margin and 26.75% negative return on equity.
- Mixed analyst sentiment: DGXX has two Buy ratings and one Sell rating, resulting in an overall “Hold” consensus and a $4.00 average price target. The stock opened at $3.92 and has traded between $1.86 and $9.20 over the past year.
Digi Power X Inc. (NASDAQ:DGXX - Get Free Report) CEO Michel Amar bought 20,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were bought at an average price of $3.60 per share, for a total transaction of $72,000.00. Following the acquisition, the chief executive officer owned 1,699,885 shares in the company, valued at $6,119,586. The trade was a 1.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Digi Power X Stock Performance
DGXX stock opened at $3.92 on Friday. The stock has a market capitalization of $354.45 million, a P/E ratio of -7.26 and a beta of 6.28. The company has a 50 day moving average price of $4.63 and a two-hundred day moving average price of $4.23. Digi Power X Inc. has a one year low of $1.86 and a one year high of $9.20.
Digi Power X (NASDAQ:DGXX - Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $6.63 million for the quarter. Digi Power X had a negative return on equity of 26.75% and a negative net margin of 116.79%.
Analyst Upgrades and Downgrades
DGXX has been the subject of a number of analyst reports. Weiss Ratings reissued a "sell (d-)" rating on shares of Digi Power X in a research report on Friday, July 17th. Alliance Global Partners reissued a "buy" rating on shares of Digi Power X in a report on Friday, August 14th. Finally, Wall Street Zen upgraded Digi Power X from a "sell" rating to a "hold" rating in a research note on Saturday, May 16th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Digi Power X presently has an average rating of "Hold" and an average target price of $4.00.
Read Our Latest Stock Report on Digi Power X
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Weiss Asset Management LP acquired a new position in Digi Power X during the 1st quarter valued at approximately $540,000. Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Digi Power X in the fourth quarter valued at approximately $1,033,000. FNY Investment Advisers LLC acquired a new position in shares of Digi Power X during the second quarter worth approximately $79,000. Dynamic Advisor Solutions LLC acquired a new stake in Digi Power X in the 2nd quarter valued at approximately $66,000. Finally, Bank of America Corp DE grew its stake in shares of Digi Power X by 5,228.9% in the first quarter. Bank of America Corp DE now owns 43,484 shares of the company's stock worth $88,000 after purchasing an additional 42,668 shares in the last quarter. 1.93% of the stock is currently owned by institutional investors.
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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