Insider Buying: Digi Power X (NASDAQ:DGXX) CEO Buys $72,000.00 in Stock

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar bought 20,000 shares of Digi Power X stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average cost of $3.60 per share, with a total value of $72,000.00. Following the acquisition, the chief executive officer directly owned 1,699,885 shares in the company, valued at $6,119,586. This trade represents a 1.19% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Digi Power X Stock Performance

DGXX traded up $0.23 on Thursday, reaching $3.81. The company had a trading volume of 1,642,810 shares, compared to its average volume of 5,998,121. The stock has a market cap of $344.50 million, a P/E ratio of -7.06 and a beta of 6.28. Digi Power X Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $9.20. The company’s fifty day moving average is $4.69 and its 200 day moving average is $4.22.

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings data on Friday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. Digi Power X had a negative return on equity of 26.75% and a negative net margin of 116.79%.The company had revenue of $6.63 million for the quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Wall Street Zen raised Digi Power X from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a research report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Digi Power X has an average rating of “Hold” and a consensus target price of $4.00.

Institutional Investors Weigh In On Digi Power X

Several institutional investors have recently made changes to their positions in DGXX. PFG Investments LLC bought a new position in Digi Power X during the 4th quarter worth $26,000. Commonwealth Equity Services LLC acquired a new stake in shares of Digi Power X during the 4th quarter worth $29,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of Digi Power X during the 4th quarter worth $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, Dynamic Advisor Solutions LLC bought a new position in shares of Digi Power X in the second quarter worth $66,000. 1.93% of the stock is currently owned by institutional investors.

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.