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

Digi Power X Inc. (NASDAQ:DGXX) saw unusually large options trading activity on Monday. Traders bought 15,974 call options on the stock. This represents an increase of approximately 63% compared to the average daily volume of 9,788 call options.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DGXX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Digi Power X in a research note on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $4.00.

Insider Buying and Selling

In other news, President Alec Amar sold 27,500 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $3.56, for a total value of $97,900.00. Following the completion of the transaction, the president owned 1,368,949 shares in the company, valued at approximately $4,873,458.44. This represents a 1.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 55,000 shares of company stock worth $160,032.

Hedge Funds Weigh In On Digi Power X

Large investors have recently added to or reduced their stakes in the business. PFG Investments LLC purchased a new stake in Digi Power X in the fourth quarter valued at approximately $26,000. Commonwealth Equity Services LLC purchased a new stake in Digi Power X in the fourth quarter valued at approximately $29,000. Creative Financial Designs Inc. ADV purchased a new stake in Digi Power X in the fourth quarter valued at approximately $29,000. J.W. Cole Advisors Inc. purchased a new stake in Digi Power X in the fourth quarter valued at approximately $29,000. Finally, Advisory Services Network LLC purchased a new stake in Digi Power X in the fourth quarter valued at approximately $37,000. 1.93% of the stock is currently owned by hedge funds and other institutional investors.

Digi Power X Trading Up 13.7%

Shares of DGXX traded up $0.85 during trading hours on Monday, reaching $7.09. The company had a trading volume of 9,585,377 shares, compared to its average volume of 6,657,814. The firm has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $3.71. The company has a market capitalization of $641.35 million, a price-to-earnings ratio of -10.89 and a beta of 6.19. Digi Power X has a 12-month low of $1.86 and a 12-month high of $9.20.

Digi Power X (NASDAQ:DGXX) last posted its earnings results on Friday, May 15th. The company reported $999.00 earnings per share for the quarter. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%. The firm had revenue of $6.79 million during the quarter.

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.