Brokers Set Expectations for Digi Power X FY2026 Earnings

Digi Power X Inc. (NASDAQ:DGXX) – Investment analysts at HC Wainwright raised their FY2026 earnings estimates for Digi Power X in a note issued to investors on Thursday, April 2nd. HC Wainwright analyst K. Dede now forecasts that the company will post earnings of ($0.39) per share for the year, up from their prior forecast of ($0.40).

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.17). The firm had revenue of $8.65 million for the quarter, compared to the consensus estimate of $6.80 million. Digi Power X had a negative return on equity of 47.17% and a negative net margin of 39.25%.

DGXX has been the subject of a number of other reports. Wall Street Zen cut Digi Power X from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Digi Power X presently has a consensus rating of “Hold” and a consensus target price of $4.00.

Digi Power X Price Performance

Shares of DGXX traded down $0.05 on Tuesday, hitting $2.14. The company’s stock had a trading volume of 574,663 shares, compared to its average volume of 2,435,447. The company has a market capitalization of $97.85 million, a PE ratio of -3.39 and a beta of 5.85. Digi Power X has a fifty-two week low of $0.85 and a fifty-two week high of $6.78. The company has a 50 day moving average price of $2.47 and a 200 day moving average price of $3.12.

Insider Buying and Selling at Digi Power X

In other Digi Power X news, President Alec Amar sold 27,500 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $2.53, for a total value of $69,575.00. Following the completion of the transaction, the president directly owned 1,263,116 shares of the company’s stock, valued at approximately $3,195,683.48. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Trading of Digi Power X

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PFG Investments LLC bought a new position in Digi Power X in the 4th quarter worth approximately $26,000. Arkadios Wealth Advisors bought a new position in Digi Power X in the 3rd quarter valued at $27,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Digi Power X in the 4th quarter valued at $29,000. Commonwealth Equity Services LLC acquired a new stake in shares of Digi Power X in the 4th quarter valued at $29,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of Digi Power X during the fourth quarter worth $29,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

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.