Key Points
- CEO Michel Amar bought 20,000 Digi Power X shares at an average price of $2.76, investing $55,200 and increasing his direct ownership to 1,719,885 shares.
- Digi Power X reported a quarterly loss of $0.17 per share, $6.63 million in revenue, a negative 116.79% net margin, and negative 26.75% return on equity.
- Analyst views are mixed, with two Buy ratings and one Sell rating producing an overall “Hold” consensus and a $5.00 average price target; institutional ownership remains low at 1.93%.
Digi Power X Inc. (NASDAQ:DGXX - Get Free Report) CEO Michel Amar acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 14th. The stock was bought at an average price of $2.76 per share, with a total value of $55,200.00. Following the completion of the acquisition, the chief executive officer directly owned 1,719,885 shares of the company's stock, valued at $4,746,882.60. This trade represents a 1.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Michel Amar also recently made the following trade(s):
- On Wednesday, August 19th, Michel Amar bought 20,000 shares of Digi Power X stock. The shares were bought at an average cost of $3.60 per share, with a total value of $72,000.00.
Digi Power X Stock Up 3.0%
Shares of NASDAQ:DGXX opened at $2.79 on Friday. Digi Power X Inc. has a 12-month low of $1.86 and a 12-month high of $9.20. The business has a fifty day simple moving average of $3.79 and a 200 day simple moving average of $4.59.
Digi Power X (NASDAQ:DGXX - Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.17) EPS for the quarter. Digi Power X had a negative return on equity of 26.75% and a negative net margin of 116.79%. The company had revenue of $6.63 million for the quarter.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on DGXX. Alliance Global Partners restated a "buy" rating on shares of Digi Power X in a research report on Friday, August 14th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Digi Power X in a report on Friday, July 17th. Finally, Wall Street Zen cut Digi Power X from a "hold" rating to a "sell" rating in a report on Saturday, September 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Digi Power X has an average rating of "Hold" and an average price target of $5.00.
View Our Latest Stock Report on DGXX
Institutional Investors Weigh In On Digi Power X
Institutional investors have recently modified their holdings of the company. Dynamic Advisor Solutions LLC acquired a new stake in shares of Digi Power X during the second quarter worth $66,000. FNY Investment Advisers LLC bought a new position in Digi Power X during the second quarter worth $79,000. Chicago Partners Investment Group LLC bought a new position in Digi Power X during the first quarter worth $34,000. Sovereign Financial Group Inc. acquired a new position in Digi Power X in the first quarter valued at $39,000. Finally, Wedbush Securities Inc. acquired a new position in Digi Power X in the second quarter valued at $113,000. 1.93% of the stock is owned by institutional investors.
Digi Power X Company Profile
(
Get Free Report)
Digi Power X, Inc (NASDAQ: DGXX) is a vertically integrated technology and digital infrastructure company focused on energy-intensive computing. Its primary business includes cryptocurrency mining, particularly Bitcoin mining, supported by the development and operation of data center and power infrastructure.
The company is also expanding its platform to support high-performance computing and artificial intelligence applications. Its activities include securing power capacity, developing computing facilities, and deploying specialized hardware for digital asset mining and other computational workloads.
Digi Power X was formerly known as Digihost Technology Inc and adopted its current name as part of an effort to broaden its focus beyond cryptocurrency mining.
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