Renaissance Technologies LLC Has $1.36 Million Position in Digi Power X Inc. $DGXX

Renaissance Technologies LLC reduced its stake in shares of Digi Power X Inc. (NASDAQ:DGXX) by 24.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 669,200 shares of the company’s stock after selling 214,301 shares during the quarter. Renaissance Technologies LLC’s holdings in Digi Power X were worth $1,358,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DGXX. Vennlight Capital Management LP acquired a new stake in shares of Digi Power X in the 4th quarter valued at approximately $4,471,000. Vident Advisory LLC acquired a new position in Digi Power X during the third quarter valued at approximately $2,663,000. Alyeska Investment Group L.P. acquired a new position in Digi Power X during the third quarter valued at approximately $1,585,000. Geode Capital Management LLC increased its stake in Digi Power X by 1,771.7% in the fourth quarter. Geode Capital Management LLC now owns 592,399 shares of the company’s stock valued at $1,511,000 after purchasing an additional 560,749 shares in the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc bought a new stake in Digi Power X in the fourth quarter valued at approximately $1,033,000. 1.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on DGXX shares. Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a research note on Friday, July 17th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Digi Power X in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Digi Power X has a consensus rating of “Hold” and a consensus price target of $4.00.

Digi Power X Stock Performance

Shares of DGXX stock opened at $4.13 on Friday. The company has a market capitalization of $373.43 million, a P/E ratio of -6.35 and a beta of 6.28. The company’s 50 day moving average price is $4.87 and its two-hundred day moving average price is $4.20. Digi Power X Inc. has a 52 week low of $1.86 and a 52 week high of $9.20.

Digi Power X (NASDAQ:DGXX) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.07) earnings per share for the quarter. The company had revenue of $6.79 million during the quarter. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%.

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.