Digi Power X (NASDAQ:DGXX) Issues Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Digi Power X (NASDAQ:DGXX) issued its quarterly earnings data on Thursday. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08, Zacks reports. Digi Power X had a negative net margin of 58.85% and a negative return on equity of 70.55%.

Digi Power X Trading Down 2.2%

Shares of DGXX stock traded down $0.08 on Friday, reaching $3.59. The company had a trading volume of 2,736,199 shares, compared to its average volume of 2,048,903. The stock has a market cap of $164.53 million, a PE ratio of -5.61 and a beta of 5.78. The company has a 50-day moving average of $3.58 and a 200-day moving average of $2.74. Digi Power X has a 12 month low of $0.85 and a 12 month high of $6.78.

Wall Street Analyst Weigh In

DGXX has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research report on Wednesday, October 8th. Alliance Global Partners initiated coverage on Digi Power X in a report on Tuesday, September 2nd. They set a “buy” rating and a $3.50 price objective on the stock. Wall Street Zen raised Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, August 16th. Industrial Alliance Securities set a $3.50 price target on Digi Power X in a research note on Tuesday, September 2nd. Finally, HC Wainwright reiterated a “buy” rating and issued a $2.50 price objective on shares of Digi Power X in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Digi Power X presently has a consensus rating of “Hold” and a consensus price target of $3.17.

Institutional Investors Weigh In On Digi Power X

A hedge fund recently bought a new stake in Digi Power X stock. Private Advisor Group LLC bought a new position in Digi Power X Inc. (NASDAQ:DGXX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 17,180 shares of the company’s stock, valued at approximately $39,000. Institutional investors own 1.93% of the company’s stock.

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.