Digi Power X (NASDAQ:DGXX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Digi Power X (NASDAQ:DGXX) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright boosted their target price on shares of Digi Power X from $2.50 to $5.00 and gave the company a “buy” rating in a report on Monday, November 17th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.00.

Digi Power X Trading Up 0.4%

Shares of DGXX stock opened at $2.73 on Friday. The firm’s 50 day moving average is $2.70 and its 200 day moving average is $3.13. The stock has a market capitalization of $125.12 million, a P/E ratio of -6.50 and a beta of 5.84. Digi Power X has a 12 month low of $0.85 and a 12 month high of $6.78.

Insider Activity

In other news, President Alec Amar sold 27,500 shares of the firm’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 value of $69,575.00. Following the completion of the transaction, the president directly owned 1,263,116 shares in the company, valued at approximately $3,195,683.48. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of Digi Power X

Hedge funds and other institutional investors have recently bought and sold shares of the company. PFG Investments LLC purchased a new stake in Digi Power X in the 4th quarter worth approximately $26,000. Commonwealth Equity Services LLC purchased a new position in shares of Digi Power X during the 4th quarter valued at $29,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Digi Power X during the 4th quarter valued at $29,000. J.W. Cole Advisors Inc. bought a new position in shares of Digi Power X in the fourth quarter worth $29,000. Finally, Arkadios Wealth Advisors bought a new position in shares of Digi Power X in the third quarter worth $27,000. Institutional investors own 1.93% of the company’s stock.

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.