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

Digi Power X logo with Business Services background

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.
  • Want stock alerts on Digi Power X? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Digi Power X (NASDAQ:DGXX - Get Free Report)'s stock had its "buy" rating restated by equities researchers at HC Wainwright in a research note issued on Wednesday,Benzinga reports. They presently have a $2.50 price target on the stock. HC Wainwright's price target points to a potential downside of 0.40% 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 upgraded shares of Digi Power X from a "sell" rating to a "hold" rating in a report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Digi Power X presently has an average rating of "Buy" and a consensus price target of $2.50.

Check Out Our Latest Stock Report on Digi Power X

Digi Power X Trading Up 5.0%

DGXX traded up $0.12 during trading on Wednesday, hitting $2.51. 814,910 shares of the company's stock were exchanged, compared to its average volume of 1,031,621. The firm's 50 day moving average price is $2.83. Digi Power X has a fifty-two week low of $0.85 and a fifty-two week high of $4.25. The company has a market cap of $112.22 million, a PE ratio of -3.92 and a beta of 5.69.

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

Digi Power X Company Profile

(Get Free Report)

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.

Further Reading

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