Digi Power X (NASDAQ:DGXX) CEO Michel Amar Acquires 20,000 Shares of 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, October 14th. The stock was bought at an average price of $2.76 per share, with a total value of $55,200.00. Following the purchase, the chief executive officer owned 1,719,885 shares of the company’s stock, valued at $4,746,882.60. This trade represents a 1.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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 purchased at an average cost of $3.60 per share, for a total transaction of $72,000.00.

Digi Power X Trading Up 3.0%

DGXX traded up $0.08 on Thursday, hitting $2.79. 3,144,055 shares of the stock traded hands, compared to its average volume of 5,306,091. Digi Power X Inc. has a 52 week low of $1.86 and a 52 week high of $9.20. The firm has a market capitalization of $282.90 million, a PE ratio of -5.17 and a beta of 6.24. The business has a fifty day moving average price of $3.80 and a two-hundred day moving average price of $4.59.

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

Institutional Trading of Digi Power X

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP raised its position in Digi Power X by 91.4% in the second quarter. Engineers Gate Manager LP now owns 98,135 shares of the company’s stock worth $535,000 after purchasing an additional 46,851 shares in the last quarter. Squarepoint Ops LLC bought a new position in Digi Power X during the second quarter worth about $127,000. Members Advisory Group LLC boosted its holdings in Digi Power X by 265.5% during the second quarter. Members Advisory Group LLC now owns 255,468 shares of the company’s stock valued at $1,392,000 after purchasing an additional 185,581 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in Digi Power X during the second quarter valued at approximately $113,000. Finally, FNY Investment Advisers LLC acquired a new stake in Digi Power X during the second quarter valued at approximately $79,000. Institutional investors own 1.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen cut Digi Power X from a “hold” rating to a “sell” rating in a research report on Saturday, September 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research note on Friday, July 17th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Digi Power X in a report on Friday, August 14th. Two 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 presently has a consensus rating of “Hold” and a consensus target price of $5.00.

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.