Insider Selling: Digi Power X (NASDAQ:DGXX) President Sells 25,700 Shares of Stock

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar sold 25,700 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $2.26, for a total transaction of $58,082.00. Following the transaction, the president 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 Securities & Exchange Commission, which is available at this link. 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 stock was sold at an average price of $2.25, for a total transaction of $4,050.00.
• On Monday, February 2nd, Alec Amar sold 27,500 shares of Digi Power X stock. The stock was sold at an average price of $2.53, for a total transaction of $69,575.00.

Digi Power X Trading Down 1.7%

Shares of Digi Power X stock traded down $0.04 during trading hours on Thursday, reaching $2.36. 1,384,293 shares of the company’s stock were exchanged, compared to its average volume of 2,442,913. The company has a 50 day moving average of $2.45 and a two-hundred day moving average of $3.11. Digi Power X Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $6.78. 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 (NASDAQ:DGXX) last posted its quarterly earnings data 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 return on equity of 47.17% and a negative net margin of 39.25%.The business had revenue of $8.65 million for the quarter, compared to analyst estimates of $6.80 million.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on DGXX shares. Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Digi Power X from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Digi Power X currently has an average rating of “Hold” and a consensus target price of $4.00.

Institutional Investors Weigh In On Digi Power X

A number of institutional investors and hedge funds have recently modified their holdings of DGXX. Arkadios Wealth Advisors bought a new stake in shares of Digi Power X in the 3rd quarter valued at about $27,000. Fortitude Advisory Group L.L.C. bought a new stake in shares of Digi Power X in the 3rd quarter valued at about $34,000. Sprott Inc. bought a new stake in shares of Digi Power X in the 3rd quarter valued at about $69,000. Private Advisor Group LLC bought a new stake in shares of Digi Power X in the 3rd quarter valued at about $39,000. Finally, Vident Advisory LLC bought a new stake 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.

Digi Power X Company Profile

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.