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

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar acquired 20,000 shares of Digi Power X stock in a transaction dated Wednesday, October 14th. The stock was purchased at an average price of $2.76 per share, with a total value of $55,200.00. Following the completion of the purchase, the chief executive officer directly owned 1,719,885 shares of the company’s stock, valued at $4,746,882.60. The trade was a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michel Amar also recently made the following trade(s):

• On Wednesday, August 19th, Michel Amar acquired 20,000 shares of Digi Power X stock. The shares were purchased at an average cost of $3.60 per share, with a total value of $72,000.00.

Digi Power X Price Performance

NASDAQ:DGXX traded up $0.08 during midday trading on Thursday, reaching $2.79. The stock had a trading volume of 3,144,055 shares, compared to its average volume of 5,306,091. Digi Power X Inc. has a 1-year low of $1.86 and a 1-year high of $9.20. The firm’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $4.59. The stock has a market capitalization of $282.90 million, a P/E ratio of -5.17 and a beta of 6.24.

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

Analyst Ratings Changes

A number of research firms have recently commented on DGXX. Wall Street Zen lowered Digi Power X from a “hold” rating to a “sell” rating in a research note on Saturday, September 26th. Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research note on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Digi Power X currently has an average rating of “Hold” and a consensus price target of $5.00.

Hedge Funds Weigh In On Digi Power X

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chicago Partners Investment Group LLC acquired a new position in Digi Power X during the 1st quarter valued at $34,000. Sovereign Financial Group Inc. bought a new stake in Digi Power X in the 1st quarter valued at $39,000. Dynamic Advisor Solutions LLC bought a new stake in Digi Power X in the 2nd quarter valued at $66,000. FNY Investment Advisers LLC acquired a new stake in Digi Power X in the 2nd quarter worth $79,000. Finally, Bank of America Corp DE grew its position in Digi Power X by 5,228.9% in the 1st 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 last quarter. Institutional investors own 1.93% of the company’s stock.

About Digi Power X

Digi Power X, Inc (NASDAQ: DGXX) is a vertically integrated technology and digital infrastructure company focused on energy-intensive computing. Its primary business includes cryptocurrency mining, particularly Bitcoin mining, supported by the development and operation of data center and power infrastructure.

The company is also expanding its platform to support high-performance computing and artificial intelligence applications. Its activities include securing power capacity, developing computing facilities, and deploying specialized hardware for digital asset mining and other computational workloads.

Digi Power X was formerly known as Digihost Technology Inc and adopted its current name as part of an effort to broaden its focus beyond cryptocurrency mining.