Digi Power X Inc. $DGXX Shares Bought by Members Advisory Group LLC

Members Advisory Group LLC grew its stake in shares of Digi Power X Inc. (NASDAQ:DGXX) by 265.5% in the 2nd quarter, Holdings Channel reports. The firm owned 255,468 shares of the company’s stock after acquiring an additional 185,581 shares during the quarter. Digi Power X comprises approximately 0.4% of Members Advisory Group LLC’s holdings, making the stock its 26th biggest position. Members Advisory Group LLC’s holdings in Digi Power X were worth $1,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC bought a new stake in shares of Digi Power X in the 4th quarter worth approximately $29,000. Creative Financial Designs Inc. ADV bought a new position in Digi Power X during the 4th quarter worth $29,000. J.W. Cole Advisors Inc. acquired a new stake in Digi Power X in the fourth quarter worth $29,000. Dynamic Advisor Solutions LLC acquired a new stake in Digi Power X in the second quarter worth $66,000. Finally, FNY Investment Advisers LLC bought a new stake in Digi Power X in the second quarter valued at $79,000. 1.93% of the stock is currently owned by institutional investors and hedge funds.

Digi Power X Stock Up 0.8%

Shares of NASDAQ DGXX opened at $3.75 on Friday. The stock has a market cap of $380.25 million, a P/E ratio of -6.94 and a beta of 6.25. The firm’s 50-day simple moving average is $4.05 and its 200 day simple moving average is $4.33. Digi Power X Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $9.20.

Digi Power X (NASDAQ:DGXX) last posted its quarterly earnings data on Friday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. The company 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%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DGXX. Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a report on Friday, July 17th. Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Digi Power X currently has a consensus rating of “Hold” and a consensus target price of $5.00.

Insider Transactions at Digi Power X

In other Digi Power X news, President Alec Amar acquired 10,000 shares of Digi Power X stock in a transaction dated Thursday, August 20th. The stock was bought at an average price of $3.86 per share, for a total transaction of $38,600.00. Following the transaction, the president owned 1,378,949 shares in the company, valued at approximately $5,322,743.14. This trade represents a 0.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michel Amar bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was acquired at an average price of $3.60 per share, for a total transaction of $72,000.00. Following the completion of the acquisition, the chief executive officer directly owned 1,699,885 shares in the company, valued at approximately $6,119,586. This represents a 1.19% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure.

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.