Digi Power X (NASDAQ:DGXX) Receives "Buy" Rating from HC Wainwright

Key Points

• HC Wainwright has restated its "buy" rating for Digi Power X (NASDAQ: DGXX), assigning a target price of $2.50, indicating a potential upside of 14.68% from its current price.
• Digi Power X's recent earnings report showed an EPS of (0.28), surpassing the expected (0.35), with revenue of $8.11 million, exceeding estimates as well.
• The company's stock opened at $2.18 and has a market capitalization of approximately $97.47 million, reflecting significant volatility with a beta of 5.69.

Digi Power X (NASDAQ:DGXX - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at HC Wainwright in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $2.50 price objective on the stock. HC Wainwright's price objective indicates a potential upside of 6.84% from the company's previous close. HC Wainwright also issued estimates for Digi Power X's Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.11) EPS, FY2025 earnings at ($0.55) EPS and FY2026 earnings at ($1.11) EPS.

Separately, Wall Street Zen raised shares of Digi Power X from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $2.50.

Digi Power X Stock Down 6.8%

Shares of NASDAQ DGXX traded down $0.17 during trading hours on Wednesday, hitting $2.34. 535,640 shares of the stock were exchanged, compared to its average volume of 1,377,398. Digi Power X has a one year low of $0.85 and a one year high of $4.25. The business's 50 day moving average is $2.83. The stock has a market cap of $104.62 million, a price-to-earnings ratio of -3.66 and a beta of 5.69.

Digi Power X (NASDAQ:DGXX - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.28) earnings per share for the quarter, beating analysts' consensus estimates of ($0.35) by $0.07. Digi Power X had a negative net margin of 58.85% and a negative return on equity of 70.55%. The firm had revenue of $8.11 million during the quarter, compared to the consensus estimate of $7.80 million.

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.