Alec Amar Sells 27,500 Shares of Digi Power X (NASDAQ:DGXX) Stock

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar sold 27,500 shares of Digi Power X stock in a transaction on Friday, May 1st. The shares were sold at an average price of $3.56, for a total transaction of $97,900.00. Following the completion of the transaction, the president directly owned 1,368,949 shares of the company’s stock, valued at $4,873,458.44. The trade was a 1.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 8th, Alec Amar sold 25,700 shares of Digi Power X stock. The shares were sold at an average price of $2.26, for a total transaction of $58,082.00.
• On Wednesday, April 1st, Alec Amar sold 1,800 shares of Digi Power X stock. The shares were sold at an average price of $2.25, for a total transaction of $4,050.00.

Digi Power X Stock Performance

DGXX opened at $6.24 on Thursday. Digi Power X Inc. has a fifty-two week low of $1.16 and a fifty-two week high of $6.78. The company has a fifty day moving average of $2.79 and a two-hundred day moving average of $3.19. The stock has a market capitalization of $285.98 million, a price-to-earnings ratio of -9.90 and a beta of 5.85.

Digi Power X (NASDAQ:DGXX) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.17). Digi Power X had a negative net margin of 82.94% and a negative return on equity of 54.82%. The firm had revenue of $8.65 million during the quarter, compared to analysts’ expectations of $6.80 million. On average, equities research analysts forecast that Digi Power X Inc. will post -0.39 earnings per share for the current year.

Digi Power X News Summary

Here are the key news stories impacting Digi Power X this week:

• Positive Sentiment: Signed a 10?year Master Services Agreement to colocate a purpose?built, 40 MW AI data center in Columbiana, AL with Cerebras; the initial term is valued at about $1.1 billion with potential contract value up to $2.5 billion on renewals — this provides long?term revenue visibility and is the primary catalyst for the stock surge. Read More.
• Neutral Sentiment: Unusual trading and options activity has amplified the move: call volume spiked (reported ~17,900 calls, ~592% above normal) and on?exchange trading volume rose sharply — this elevated flows/short?covering can extend momentum but adds volatility.
• Negative Sentiment: Company fundamentals remain a constraint: Digi Power X reported an EPS miss in its March quarter and continues to show negative margins and returns on equity, which may cap valuation upside unless execution and profitability improve. Read More.
• Negative Sentiment: Insider selling: President Alec Amar sold 27,500 shares under a pre?arranged 10b5?1 plan (small reduction, ~1.97% of his holdings) — while disclosed as planned, insider sales can be perceived negatively by some investors. Read More.
• Negative Sentiment: Analyst caution: at least one note (Zacks) highlights that recent earnings?estimate revisions do not yet support sustained upside — monitor analyst revisions and guidance for confirmation of durable revenue/EBITDA improvement. Read More.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Digi Power X from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research report on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Digi Power X presently has a consensus rating of “Hold” and an average price target of $4.00.

Institutional Trading of Digi Power X

Institutional investors have recently modified their holdings of the stock. PFG Investments LLC acquired a new stake in shares of Digi Power X in the fourth quarter valued at about $26,000. Arkadios Wealth Advisors acquired a new stake in shares of Digi Power X in the third quarter valued at about $27,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Digi Power X in the fourth quarter valued at about $29,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Digi Power X in the fourth quarter valued at about $29,000. Finally, Commonwealth Equity Services LLC purchased a new position in shares of Digi Power X in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

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.