Alec Amar Purchases 10,000 Shares of Digi Power X (NASDAQ:DGXX) Stock

Digi Power X Inc. (NASDAQ:DGXX) President Alec Amar acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average cost of $3.86 per share, for a total transaction of $38,600.00. Following the purchase, the president directly owned 1,378,949 shares of the company’s stock, valued at $5,322,743.14. This represents a 0.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Digi Power X Stock Performance

Shares of DGXX opened at $4.07 on Friday. Digi Power X Inc. has a fifty-two week low of $1.86 and a fifty-two week high of $9.20. The firm’s 50-day simple moving average is $4.59 and its two-hundred day simple moving average is $4.23. The stock has a market cap of $368.01 million, a PE ratio of -7.54 and a beta of 6.28.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research note on Friday, July 17th. Wall Street Zen raised Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Alliance Global Partners restated 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $4.00.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in shares of Digi Power X during the third quarter valued at approximately $39,000. Vident Advisory LLC purchased a new position in Digi Power X in the 3rd quarter worth approximately $2,663,000. Moneta Group Investment Advisors LLC purchased a new position in Digi Power X in the 3rd quarter worth approximately $74,000. Alyeska Investment Group L.P. purchased a new position in Digi Power X in the 3rd quarter worth approximately $1,585,000. Finally, PFG Investments LLC bought a new position in Digi Power X in the 4th quarter valued at approximately $26,000. 1.93% of the stock is owned by hedge funds and other 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.