Digi Power X (NASDAQ:DGXX) President Alec Amar Acquires 10,000 Shares of Stock

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar acquired 10,000 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were bought 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 approximately $5,322,743.14. The trade was a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Digi Power X Stock Up 3.8%

Shares of DGXX opened at $4.07 on Friday. Digi Power X Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $9.20. The company’s fifty day moving average is $4.59 and its two-hundred day moving average is $4.23. The firm has a market cap of $368.01 million, a PE ratio of -7.54 and a beta of 6.28.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Weiss Asset Management LP purchased a new stake in shares of Digi Power X in the first quarter worth about $540,000. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Digi Power X during the 4th quarter valued at about $1,033,000. Geode Capital Management LLC lifted its position in Digi Power X by 1,771.7% during the 4th quarter. Geode Capital Management LLC now owns 592,399 shares of the company’s stock worth $1,511,000 after acquiring an additional 560,749 shares in the last quarter. GM Advisory Group LLC acquired a new position in Digi Power X during the 4th quarter worth approximately $155,000. Finally, Engineers Gate Manager LP purchased a new position in Digi Power X in the 4th quarter worth approximately $148,000. 1.93% of the stock is owned by hedge funds and other institutional investors.

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.