Digi Power X (NASDAQ:DGXX) CEO Acquires $55,200.00 in Stock

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, October 14th. The stock was acquired at an average cost of $2.76 per share, for a total transaction of $55,200.00. Following the completion of the transaction, the chief executive officer directly owned 1,719,885 shares in the company, valued at $4,746,882.60. This represents a 1.18% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Michel Amar also recently made the following trade(s):

• On Wednesday, August 19th, Michel Amar bought 20,000 shares of Digi Power X stock. The shares were acquired at an average price of $3.60 per share, for a total transaction of $72,000.00.

Digi Power X Trading Down 6.1%

Shares of DGXX opened at $2.62 on Friday. The company has a market cap of $265.66 million, a price-to-earnings ratio of -4.85 and a beta of 6.24. The business’s fifty day simple moving average is $3.76 and its two-hundred day simple moving average is $4.58. Digi Power X Inc. has a 12 month low of $1.86 and a 12 month high of $9.20.

Digi Power X (NASDAQ:DGXX) last posted its earnings results on Friday, August 14th. The company reported ($0.17) 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 business had revenue of $6.63 million during the quarter.

Analyst Ratings Changes

DGXX has been the subject of several research analyst reports. Wall Street Zen downgraded Digi Power X from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research note on Thursday. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of Digi Power X in a report 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, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

Institutional Investors Weigh In On Digi Power X

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Weiss Asset Management LP bought a new stake in Digi Power X in the 1st quarter worth approximately $540,000. Members Advisory Group LLC raised its stake in Digi Power X by 265.5% during the 2nd quarter. Members Advisory Group LLC now owns 255,468 shares of the company’s stock valued at $1,392,000 after buying an additional 185,581 shares during the last quarter. Engineers Gate Manager LP lifted its holdings in shares of Digi Power X by 91.4% during the 2nd quarter. Engineers Gate Manager LP now owns 98,135 shares of the company’s stock valued at $535,000 after buying an additional 46,851 shares during the period. Squarepoint Ops LLC bought a new position in shares of Digi Power X during the 2nd quarter valued at $127,000. Finally, Bank of America Corp DE lifted its holdings in shares of Digi Power X by 5,228.9% during the 1st quarter. Bank of America Corp DE now owns 43,484 shares of the company’s stock valued at $88,000 after buying an additional 42,668 shares during the period. Hedge funds and other institutional investors own 1.93% of the company’s stock.

About Digi Power X

Digi Power X, Inc (NASDAQ: DGXX) is a vertically integrated technology and digital infrastructure company focused on energy-intensive computing. Its primary business includes cryptocurrency mining, particularly Bitcoin mining, supported by the development and operation of data center and power infrastructure.

The company is also expanding its platform to support high-performance computing and artificial intelligence applications. Its activities include securing power capacity, developing computing facilities, and deploying specialized hardware for digital asset mining and other computational workloads.

Digi Power X was formerly known as Digihost Technology Inc and adopted its current name as part of an effort to broaden its focus beyond cryptocurrency mining.