Key Points
- Digi Power X President Alec Amar purchased 10,000 shares at an average price of $3.86, investing $38,600 and increasing his direct ownership by 0.73% to 1,378,949 shares.
- DGXX shares opened at $4.07, with a 12-month range of $1.86 to $9.20 and a market capitalization of approximately $368 million. The company reported quarterly revenue of $6.63 million and a loss of $0.17 per share.
- Analyst sentiment is mixed, resulting in a consensus “Hold” rating and an average price target of $4.00; institutional investors own 1.93% of the stock.
Digi Power X Inc. (NASDAQ:DGXX - Get Free Report) President Alec Amar purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, August 20th. The shares were purchased at an average cost of $3.86 per share, for a total transaction of $38,600.00. Following the purchase, the president directly owned 1,378,949 shares in the company, valued at $5,322,743.14. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Digi Power X Price Performance
Shares of DGXX stock opened at $4.07 on Friday. Digi Power X Inc. has a 12 month low of $1.86 and a 12 month high of $9.20. The firm has a market capitalization of $368.01 million, a P/E ratio of -7.54 and a beta of 6.28. The company's fifty day moving average price is $4.59 and its two-hundred day moving average price is $4.23.
Digi Power X (NASDAQ:DGXX - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.17) earnings per share for the quarter. Digi Power X had a negative net margin of 116.79% and a negative return on equity of 26.75%. The business had revenue of $6.63 million for the quarter.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on DGXX. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Digi Power X in a research report on Friday, July 17th. Wall Street Zen raised shares of Digi Power X from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. Finally, Alliance Global Partners restated a "buy" rating on shares of Digi Power X in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $4.00.
Get Our Latest Analysis on Digi Power X
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in DGXX. PFG Investments LLC bought a new stake in shares of Digi Power X in the 4th quarter valued at approximately $26,000. Commonwealth Equity Services LLC bought a new position in Digi Power X during the fourth quarter worth $29,000. Creative Financial Designs Inc. ADV bought a new position in Digi Power X during the fourth quarter worth $29,000. J.W. Cole Advisors Inc. acquired a new position in Digi Power X in the fourth quarter worth $29,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Digi Power X in the first quarter worth $34,000. Institutional investors and hedge funds own 1.93% of the company's stock.
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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