Digi Power X (NASDAQ:DGXX) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Digi Power X (NASDAQ:DGXX) from a hold rating to a sell rating in a research report released on Saturday morning.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.00.

Digi Power X Stock Performance

DGXX stock opened at $2.33 on Friday. The stock’s 50 day moving average price is $2.67 and its 200 day moving average price is $3.14. The firm has a market cap of $106.78 million, a P/E ratio of -5.55 and a beta of 5.84. Digi Power X has a 1 year low of $0.85 and a 1 year high of $6.78.

Insider Buying and Selling at Digi Power X

In related news, President Alec Amar sold 27,500 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $2.53, for a total transaction of $69,575.00. Following the transaction, the president owned 1,263,116 shares of the company’s stock, valued at approximately $3,195,683.48. This represents a 2.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC purchased a new stake in shares of Digi Power X in the fourth quarter valued at $37,000. Orion Porfolio Solutions LLC purchased a new position in Digi Power X during the fourth quarter worth about $54,000. Commonwealth Equity Services LLC acquired a new stake in Digi Power X in the 4th quarter worth about $29,000. J.W. Cole Advisors Inc. purchased a new stake in Digi Power X in the 4th quarter valued at about $29,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new stake in Digi Power X in the 4th quarter valued at about $1,033,000. 1.93% of the stock is currently owned by institutional investors and hedge funds.

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.