Traders Purchase High Volume of Call Options on Digi Power X (NASDAQ:DGXX)

Digi Power X Inc. (NASDAQ:DGXX) saw unusually large options trading on Thursday. Stock traders bought 21,488 call options on the company. This is an increase of approximately 64% compared to the average volume of 13,134 call options.

Analyst Ratings Changes

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

Digi Power X Trading Down 7.4%

Shares of DGXX stock opened at $3.73 on Friday. The firm’s fifty day moving average price is $4.31 and its two-hundred day moving average price is $4.28. Digi Power X has a 1 year low of $1.86 and a 1 year high of $9.20. The firm has a market capitalization of $337.27 million, a P/E ratio of -6.91 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. Digi Power X had a negative return on equity of 26.75% and a negative net margin of 116.79%.The business had revenue of $6.63 million for the quarter.

Insider Transactions at Digi Power X

In other Digi Power X news, President Alec Amar bought 10,000 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was acquired at an average cost of $3.86 per share, with a total value of $38,600.00. Following the purchase, the president owned 1,378,949 shares in the company, valued at $5,322,743.14. This trade represents a 0.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michel Amar bought 20,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average cost of $3.60 per share, with a total value of $72,000.00. Following the completion of the purchase, the chief executive officer owned 1,699,885 shares in the company, valued at $6,119,586. This represents a 1.19% increase in their position. The SEC filing for this purchase provides additional information.

Institutional Investors Weigh In On Digi Power X

Large investors have recently made changes to their positions in the stock. Members Advisory Group LLC lifted its stake in Digi Power X by 265.5% in the second quarter. Members Advisory Group LLC now owns 255,468 shares of the company’s stock valued at $1,392,000 after acquiring an additional 185,581 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Digi Power X in the 2nd quarter valued at about $113,000. FNY Investment Advisers LLC acquired a new stake in Digi Power X in the 2nd quarter valued at about $79,000. Dynamic Advisor Solutions LLC acquired a new stake in Digi Power X in the 2nd quarter valued at about $66,000. Finally, Bank of America Corp DE grew its holdings in Digi Power X by 5,228.9% during the first quarter. Bank of America Corp DE now owns 43,484 shares of the company’s stock worth $88,000 after purchasing an additional 42,668 shares during the period. Institutional investors and hedge funds own 1.93% of the company’s stock.

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.