Members Advisory Group LLC Raises Stake in Digi Power X Inc. $DGXX

Members Advisory Group LLC increased its holdings in shares of Digi Power X Inc. (NASDAQ:DGXX) by 265.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 255,468 shares of the company’s stock after buying an additional 185,581 shares during the quarter. Digi Power X comprises approximately 0.4% of Members Advisory Group LLC’s portfolio, making the stock its 26th biggest holding. Members Advisory Group LLC owned approximately 0.28% of Digi Power X worth $1,392,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV acquired a new position in Digi Power X in the fourth quarter valued at $29,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Digi Power X during the 4th quarter worth about $29,000. Commonwealth Equity Services LLC purchased a new position in Digi Power X in the fourth quarter valued at approximately $29,000. Chicago Partners Investment Group LLC purchased a new position in Digi Power X in the first quarter valued at approximately $34,000. Finally, Advisory Services Network LLC acquired a new position in Digi Power X during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 1.93% of the company’s stock.

Digi Power X Stock Up 0.8%

DGXX stock opened at $3.75 on Friday. The stock’s 50 day moving average is $4.05 and its two-hundred day moving average is $4.33. Digi Power X Inc. has a 52-week low of $1.86 and a 52-week high of $9.20. The company has a market capitalization of $380.25 million, a PE ratio of -6.94 and a beta of 6.25.

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

Insider Buying and Selling

In other Digi Power X news, CEO Michel Amar acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was purchased at an average price of $3.60 per share, with a total value of $72,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,699,885 shares in the company, valued at $6,119,586. This trade represents a 1.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Alec Amar bought 10,000 shares of the stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $3.86 per share, with a total value of $38,600.00. Following the purchase, the president owned 1,378,949 shares of the company’s stock, valued at $5,322,743.14. The trade was a 0.73% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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 Digi Power X from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Digi Power X has an average rating of “Hold” and a consensus target price of $5.00.

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.