Renaissance Technologies LLC Has $1.36 Million Holdings in Digi Power X Inc. $DGXX

Renaissance Technologies LLC cut its stake in Digi Power X Inc. (NASDAQ:DGXX) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 669,200 shares of the company’s stock after selling 214,301 shares during the period. Renaissance Technologies LLC owned 0.96% of Digi Power X worth $1,358,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of DGXX. Members Advisory Group LLC grew its stake in shares of Digi Power X by 6.6% during the first quarter. Members Advisory Group LLC now owns 69,887 shares of the company’s stock valued at $142,000 after purchasing an additional 4,310 shares during the last quarter. PFG Investments LLC bought a new position in Digi Power X in the 4th quarter worth approximately $26,000. Commonwealth Equity Services LLC bought a new position in Digi Power X in the 4th quarter worth approximately $29,000. Creative Financial Designs Inc. ADV acquired a new position in Digi Power X during the 4th quarter worth $29,000. Finally, J.W. Cole Advisors Inc. acquired a new position in Digi Power X during the 4th quarter worth $29,000. 1.93% of the stock is currently owned by institutional investors and hedge funds.

Digi Power X Price Performance

DGXX opened at $4.13 on Friday. The firm has a 50 day simple moving average of $4.87 and a 200 day simple moving average of $4.20. Digi Power X Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $9.20. The company has a market cap of $373.43 million, a price-to-earnings ratio of -6.35 and a beta of 6.28.

Digi Power X (NASDAQ:DGXX) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.07) earnings per share (EPS) for the quarter. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%. The business had revenue of $6.79 million during the quarter.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DGXX shares. Wall Street Zen raised Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a research note on Friday, July 17th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Digi Power X in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $4.00.

Digi Power X 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.