Digi Power X (NASDAQ:DGXX) President Alec Amar Sells 27,500 Shares

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar sold 27,500 shares of Digi Power X stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $2.72, for a total value of $74,800.00. Following the sale, the president directly owned 1,290,616 shares in the company, valued at $3,510,475.52. The trade was a 2.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Digi Power X Stock Performance

Shares of NASDAQ:DGXX traded down $0.23 during midday trading on Thursday, hitting $3.01. 5,130,166 shares of the stock were exchanged, compared to its average volume of 3,577,928. The business’s 50-day moving average price is $3.37 and its 200 day moving average price is $3.19. Digi Power X Inc. has a 12 month low of $0.85 and a 12 month high of $6.78. The stock has a market capitalization of $137.95 million, a price-to-earnings ratio of -7.17 and a beta of 5.85.

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. Digi Power X had a negative net margin of 39.25% and a negative return on equity of 47.17%.

Wall Street Analysts Forecast Growth

DGXX has been the topic of several analyst reports. HC Wainwright boosted their price objective on shares of Digi Power X from $2.50 to $5.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Institutional Trading of Digi Power X

Large investors have recently modified their holdings of the stock. Arkadios Wealth Advisors bought a new stake in shares of Digi Power X in the 3rd quarter valued at $27,000. Fortitude Advisory Group L.L.C. acquired a new stake in Digi Power X in the third quarter worth $34,000. Sprott Inc. bought a new stake in Digi Power X in the third quarter valued at $69,000. Private Advisor Group LLC acquired a new position in shares of Digi Power X during the third quarter valued at about $39,000. Finally, Vident Advisory LLC acquired a new position in shares of Digi Power X during the third quarter valued at about $2,663,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

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.