Stock Traders Purchase Large Volume of Put Options on Digi Power X (NASDAQ:DGXX)

Digi Power X Inc. (NASDAQ:DGXX) saw unusually large options trading on Thursday. Traders acquired 13,340 put options on the company. This represents an increase of approximately 68% compared to the average daily volume of 7,951 put options.

Insiders Place Their Bets

In other Digi Power X news, President Alec Amar sold 27,500 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $3.56, for a total transaction of $97,900.00. Following the completion of the sale, the president owned 1,368,949 shares in the company, valued at $4,873,458.44. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 55,000 shares of company stock worth $160,032 in the last ninety days.

Hedge Funds Weigh In On Digi Power X

Hedge funds have recently made changes to their positions in the company. PFG Investments LLC acquired a new position in shares of Digi Power X in the 4th quarter valued at $26,000. Commonwealth Equity Services LLC acquired a new position in shares of Digi Power X in the 4th quarter valued at $29,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Digi Power X in the 4th quarter valued at $29,000. J.W. Cole Advisors Inc. acquired a new position in shares of Digi Power X in the 4th quarter valued at $29,000. Finally, Arkadios Wealth Advisors acquired a new stake in Digi Power X during the 3rd quarter worth about $27,000. 1.93% of the stock is owned by institutional investors and hedge funds.

Digi Power X Trading Down 3.7%

Shares of DGXX opened at $7.81 on Friday. Digi Power X has a 12 month low of $1.18 and a 12 month high of $9.20. The stock has a fifty day moving average price of $4.48 and a 200-day moving average price of $3.51. The firm has a market cap of $545.22 million, a PE ratio of -12.02 and a beta of 5.85.

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings data on Friday, May 15th. The company reported $999.00 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 during the quarter.

Analysts Set New Price Targets

DGXX has been the subject of a number of analyst reports. Wall Street Zen upgraded Digi Power X from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a report on Monday, April 20th. Finally, Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Digi Power X has a consensus rating of “Hold” and an average target price of $4.00.

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.