Shares of Digi Power X Inc. (NASDAQ:DGXX – Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 5,618,304 shares changed hands during mid-day trading, a decline of 12% from the previous session’s volume of 6,393,074 shares.The stock last traded at $8.01 and had previously closed at $7.86.
Analysts Set New Price Targets
A number of equities analysts recently commented on DGXX shares. Alliance Global Partners reaffirmed a “buy” rating on shares of Digi Power X in a report on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a report on Monday, April 20th. Finally, Wall Street Zen raised Digi Power X from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Digi Power X has a consensus rating of “Hold” and an average price target of $4.00.
View Our Latest Report on Digi Power X
Digi Power X Stock Down 1.8%
Digi Power X (NASDAQ:DGXX – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter. Digi Power X had a negative return on equity of 42.04% and a negative net margin of 98.79%.The firm had revenue of $6.79 million for the quarter.
Insider Activity
In other news, President Alec Amar sold 27,500 shares of Digi Power X stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $3.56, for a total value of $97,900.00. Following the sale, the president directly owned 1,368,949 shares of the company’s stock, 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 SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 55,000 shares of company stock valued at $160,032 over the last quarter.
Institutional Investors Weigh In On Digi Power X
Large investors have recently made changes to their positions in the company. PFG Investments LLC bought a new stake in shares of Digi Power X in the fourth quarter worth about $26,000. Creative Financial Designs Inc. ADV bought a new stake in shares of Digi Power X in the fourth quarter worth about $29,000. Commonwealth Equity Services LLC bought a new stake in shares of Digi Power X in the fourth quarter worth about $29,000. J.W. Cole Advisors Inc. bought a new stake in shares of Digi Power X in the fourth quarter worth about $29,000. Finally, Fortitude Advisory Group L.L.C. bought a new stake in shares of Digi Power X in the third quarter worth about $34,000. 1.93% of the stock is owned by institutional investors.
About Digi Power X
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.
Featured Articles
- Five stocks we like better than Digi Power X
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Receive News & Ratings for Digi Power X Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digi Power X and related companies with MarketBeat.com's FREE daily email newsletter.
