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 the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $2.53, for a total value of $69,575.00. Following the transaction, the president directly owned 1,263,116 shares of the company’s stock, valued at $3,195,683.48. The trade was a 2.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Alec Amar also recently made the following trade(s):

• On Friday, January 2nd, Alec Amar sold 27,500 shares of Digi Power X stock. The shares were sold at an average price of $2.72, for a total transaction of $74,800.00.

Digi Power X Price Performance

DGXX stock traded up $0.22 during midday trading on Tuesday, reaching $2.74. The company had a trading volume of 3,520,960 shares, compared to its average volume of 3,238,048. The firm has a 50-day moving average price of $3.05 and a 200-day moving average price of $3.19. The company has a market capitalization of $125.57 million, a P/E ratio of -6.52 and a beta of 5.85. Digi Power X Inc. has a 1 year low of $0.85 and a 1 year high of $6.78.

Digi Power X (NASDAQ:DGXX) last posted its quarterly earnings data on Thursday, November 13th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate 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%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DGXX shares. HC Wainwright upped their target price on 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 restated a “sell (d-)” rating on shares of Digi Power X in a report on Wednesday, January 21st. 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, Digi Power X currently has an average rating of “Hold” and a consensus price target of $4.00.

Hedge Funds Weigh In On Digi Power X

Institutional investors and hedge funds have recently bought and sold shares of the stock. PFG Investments LLC bought a new stake in Digi Power X in the fourth quarter valued at approximately $26,000. Arkadios Wealth Advisors purchased a new position in shares of Digi Power X in the third quarter worth $27,000. Fortitude Advisory Group L.L.C. bought a new stake in Digi Power X during the 3rd quarter valued at $34,000. Private Advisor Group LLC bought a new stake in Digi Power X during the 3rd quarter valued at $39,000. Finally, Sprott Inc. purchased a new stake in Digi Power X during the 3rd quarter valued at $69,000. 1.93% of the stock is currently 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.