Digi Power X (NASDAQ:DGXX) Posts Earnings Results

Key Points

• Digi Power X (NASDAQ:DGXX) reported a quarterly earnings per share (EPS) of ($0.28), surpassing analysts' expectations of ($0.35) by $0.07, with revenue of $8.11 million against expected $7.80 million.
• The company's stock traded down to $2.24, and it has a market capitalization of $100.15 million with a PE ratio of -3.50.
• Analyst ratings for Digi Power X include a "buy" rating from HC Wainwright with a price target of $2.50 and a change from "sell" to "hold" by Wall Street Zen.

Digi Power X (NASDAQ:DGXX - Get Free Report) issued its quarterly earnings data on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.07, Zacks reports. The company had revenue of $8.11 million during the quarter, compared to analysts' expectations of $7.80 million. Digi Power X had a negative return on equity of 72.10% and a negative net margin of 58.85%.

Digi Power X Price Performance

Shares of Digi Power X stock traded down $0.58 during trading on Friday, reaching $2.24. The company's stock had a trading volume of 1,701,421 shares, compared to its average volume of 1,346,821. The stock has a 50-day moving average of $2.81. Digi Power X has a one year low of $0.85 and a one year high of $4.25. The firm has a market capitalization of $100.15 million, a PE ratio of -3.50 and a beta of 5.69.

Analyst Ratings Changes

DGXX has been the subject of a number of analyst reports. HC Wainwright reissued a "buy" rating and set a $2.50 price objective on shares of Digi Power X in a report on Thursday, June 12th. Wall Street Zen raised Digi Power X from a "sell" rating to a "hold" rating in a report on Saturday.

Digi Power X Company Profile

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.

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