Digi Power X Target of Unusually High Options Trading (NASDAQ:DGXX)

Digi Power X Inc. (NASDAQ:DGXX) saw unusually large options trading activity on Monday. Traders acquired 15,974 call options on the stock. This represents an increase of 63% compared to the average volume of 9,788 call options.

Digi Power X Price Performance

Shares of NASDAQ DGXX opened at $7.02 on Tuesday. Digi Power X has a one year low of $1.86 and a one year high of $9.20. The firm’s 50 day simple moving average is $5.49 and its two-hundred day simple moving average is $3.73. The stock has a market capitalization of $634.75 million, a P/E ratio of -10.80 and a beta of 6.19.

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings results on Friday, May 15th. The company reported $999.00 EPS for the quarter. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%. The business had revenue of $6.79 million for the quarter.

Wall Street Analyst Weigh In

DGXX has been the topic of several research analyst reports. Alliance Global Partners restated a “buy” rating on shares of Digi Power X in a research report on Friday, May 15th. Wall Street Zen upgraded shares of Digi Power X from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research report on Monday, April 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Digi Power X has an average rating of “Hold” and an average price target of $4.00.

Insider Buying and Selling at Digi Power X

In related news, President Alec Amar sold 27,500 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $3.56, for a total value of $97,900.00. Following the transaction, the president directly owned 1,368,949 shares in the company, valued at approximately $4,873,458.44. This represents a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 55,000 shares of company stock valued at $160,032 in the last quarter.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DGXX. PFG Investments LLC bought a new position in shares of Digi Power X in the fourth quarter worth approximately $26,000. Commonwealth Equity Services LLC bought a new position in shares of Digi Power X in the fourth quarter worth approximately $29,000. Creative Financial Designs Inc. ADV bought a new position in shares of Digi Power X in the fourth quarter worth approximately $29,000. J.W. Cole Advisors Inc. bought a new position in shares of Digi Power X in the fourth quarter worth approximately $29,000. Finally, Chicago Partners Investment Group LLC bought a new position in shares of Digi Power X in the first quarter worth approximately $34,000. Institutional investors 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.