Alec Amar Sells 27,500 Shares of Digi Power X (NASDAQ:DGXX) Stock

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar sold 27,500 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $2.72, for a total value of $74,800.00. Following the completion of the transaction, the president owned 1,290,616 shares in the company, valued at approximately $3,510,475.52. The trade was a 2.09% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Digi Power X Stock Performance

Digi Power X stock traded down $0.23 during mid-day trading on Thursday, reaching $3.01. The stock had a trading volume of 5,130,166 shares, compared to its average volume of 3,577,928. The firm has a market capitalization of $137.95 million, a PE ratio of -7.17 and a beta of 5.85. Digi Power X Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $6.78. The stock’s 50-day simple moving average is $3.37 and its 200-day simple moving average is $3.19.

Digi Power X (NASDAQ:DGXX) last issued its earnings results on Thursday, November 13th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Digi Power X had a negative return on equity of 47.17% and a negative net margin of 39.25%.

Hedge Funds Weigh In On Digi Power X

A number of hedge funds have recently bought and sold shares of DGXX. Arkadios Wealth Advisors purchased a new position in Digi Power X during the 3rd quarter worth $27,000. Fortitude Advisory Group L.L.C. bought a new position in shares of Digi Power X during the third quarter valued at about $34,000. Sprott Inc. bought a new position in shares of Digi Power X during the third quarter valued at about $69,000. Private Advisor Group LLC purchased a new position in Digi Power X during the third quarter worth about $39,000. Finally, Vident Advisory LLC bought a new stake in Digi Power X in the 3rd quarter worth about $2,663,000. 1.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DGXX shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a report on Wednesday, October 8th. HC Wainwright raised their price target on shares of Digi Power X from $2.50 to $5.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $4.00.

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.