Wall Street Zen Upgrades Digi Power X (NASDAQ:DGXX) to Hold

Digi Power X (NASDAQ:DGXX) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other research analysts have also issued research reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a research note on Wednesday, January 21st. HC Wainwright lifted their price objective on Digi Power X from $2.50 to $5.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.00.

Digi Power X Stock Performance

Shares of NASDAQ DGXX opened at $2.72 on Friday. The firm has a market cap of $124.66 million, a P/E ratio of -6.48 and a beta of 5.84. Digi Power X has a 1 year low of $0.85 and a 1 year high of $6.78. The firm’s 50 day moving average price is $2.70 and its 200 day moving average price is $3.13.

Insider Transactions at Digi Power X

In other Digi Power X news, President Alec Amar sold 27,500 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $2.53, for a total value of $69,575.00. Following the completion of the sale, the president owned 1,263,116 shares of the company’s stock, valued at $3,195,683.48. This trade represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Inflows and Outflows

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