Digi Power X Inc. (NASDAQ:DGXX – Get Free Report) was up 6.4% on Tuesday . The company traded as high as $7.81 and last traded at $7.7030. Approximately 5,083,276 shares were traded during trading, a decline of 13% from the average daily volume of 5,850,089 shares. The stock had previously closed at $7.24.
Analyst Ratings Changes
A number of equities research analysts have weighed in on DGXX shares. Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research note on Monday, April 20th. Wall Street Zen upgraded Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a research note on Friday. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Digi Power X has an average rating of “Hold” and an average target price of $4.00.
Get Our Latest Stock Analysis on DGXX
Digi Power X Trading Up 3.5%
Digi Power X (NASDAQ:DGXX – Get Free Report) last issued its earnings results on Friday, May 15th. The company reported $999.00 EPS for the quarter. The company had revenue of $6.79 million during the quarter. Digi Power X had a negative return on equity of 50.86% and a negative net margin of 98.79%.
Insider Activity at Digi Power X
In other news, President Alec Amar sold 27,500 shares of Digi Power X stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $3.56, for a total value of $97,900.00. Following the completion of the transaction, the president owned 1,368,949 shares in the company, valued at approximately $4,873,458.44. This trade represents a 1.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 55,000 shares of company stock valued at $160,032.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DGXX. Arkadios Wealth Advisors acquired a new position in Digi Power X during the 3rd quarter valued at approximately $27,000. Fortitude Advisory Group L.L.C. acquired a new position in Digi Power X during the 3rd quarter valued at approximately $34,000. Sprott Inc. acquired a new position in Digi Power X during the 3rd quarter valued at approximately $69,000. Private Advisor Group LLC acquired a new position in Digi Power X during the 3rd quarter valued at approximately $39,000. Finally, Vident Advisory LLC acquired a new position in Digi Power X during the 3rd quarter valued at approximately $2,663,000. Institutional investors and hedge funds own 1.93% of the company’s stock.
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.
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