Digi Power X (NASDAQ:DGXX) CEO Michel Amar Buys 20,000 Shares of Stock

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar bought 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average cost of $3.60 per share, with a total value of $72,000.00. Following the transaction, the chief executive officer owned 1,699,885 shares of the company’s stock, valued at $6,119,586. This represents a 1.19% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Digi Power X Price Performance

DGXX stock traded up $0.23 during midday trading on Thursday, hitting $3.81. The company’s stock had a trading volume of 1,642,810 shares, compared to its average volume of 5,998,121. The company’s fifty day moving average price is $4.69 and its 200 day moving average price is $4.22. Digi Power X Inc. has a twelve month low of $1.86 and a twelve month high of $9.20. The stock has a market capitalization of $344.50 million, a P/E ratio of -7.06 and a beta of 6.28.

Digi Power X (NASDAQ:DGXX) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.17) EPS for the quarter. The business had revenue of $6.63 million for the quarter. Digi Power X had a negative return on equity of 26.75% and a negative net margin of 116.79%.

Institutional Trading of Digi Power X

Several institutional investors and hedge funds have recently bought and sold shares of DGXX. Wedbush Securities Inc. acquired a new stake in shares of Digi Power X in the second quarter valued at approximately $113,000. FNY Investment Advisers LLC acquired a new position in shares of Digi Power X during the 2nd quarter worth approximately $79,000. Dynamic Advisor Solutions LLC bought a new stake in Digi Power X in the 2nd quarter valued at $66,000. Bank of America Corp DE lifted its holdings in Digi Power X by 5,228.9% during the 1st quarter. Bank of America Corp DE now owns 43,484 shares of the company’s stock valued at $88,000 after purchasing an additional 42,668 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in Digi Power X during the 1st quarter valued at $540,000. Institutional investors own 1.93% of the company’s stock.

Analyst Ratings Changes

DGXX has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a research report on Friday, July 17th. Wall Street Zen raised shares of Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a report on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $4.00.

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.