Digi Power X (NASDAQ:DGXX) CEO Buys $72,000.00 in Stock

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar bought 20,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average price of $3.60 per share, for a total transaction of $72,000.00. Following the transaction, the chief executive officer owned 1,699,885 shares of the company’s stock, valued at approximately $6,119,586. This represents a 1.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Digi Power X Price Performance

Shares of NASDAQ:DGXX opened at $4.07 on Friday. Digi Power X Inc. has a 1 year low of $1.86 and a 1 year high of $9.20. The firm has a market capitalization of $368.01 million, a PE ratio of -7.54 and a beta of 6.28. The business’s 50 day moving average price is $4.59 and its 200-day moving average price is $4.23.

Digi Power X (NASDAQ:DGXX) last posted its quarterly earnings data 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 net margin of 116.79% and a negative return on equity of 26.75%.

Institutional Trading of Digi Power X

Large investors have recently added to or reduced their stakes in the stock. PFG Investments LLC acquired a new stake in shares of Digi Power X in the 4th quarter worth $26,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Digi Power X during the 4th quarter valued at about $29,000. Commonwealth Equity Services LLC acquired a new position in shares of Digi Power X during the 4th quarter valued at about $29,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Digi Power X in the fourth quarter valued at about $29,000. Finally, Chicago Partners Investment Group LLC purchased a new stake in shares of Digi Power X in the first quarter valued at about $34,000. 1.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DGXX shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research report on Friday, July 17th. Wall Street Zen raised 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 reaffirmed a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Two investment 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 company has an average rating of “Hold” and an average target price of $4.00.

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.