Digi Power X (NASDAQ:DGXX) Announces Earnings Results, Beats Expectations By $0.07 EPS

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) released its earnings results on Thursday, August 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.35) by $0.07, Zacks reports. Digi Power X had a negative net margin of 58.85% and a negative return on equity of 70.55%. The company had revenue of $8.11 million for the quarter, compared to the consensus estimate of $7.80 million.

Digi Power X Trading Up 1.3%

Shares of DGXX stock traded up $0.03 on Thursday, reaching $2.39. The company had a trading volume of 408,403 shares, compared to its average volume of 1,386,531. The firm has a market capitalization of $106.86 million, a PE ratio of -3.73 and a beta of 5.69. The stock's 50-day simple moving average is $2.83. Digi Power X has a 12 month low of $0.85 and a 12 month high of $4.25.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DGXX. Wall Street Zen upgraded shares of Digi Power X from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. HC Wainwright restated a "buy" rating and set a $2.50 target price on shares of Digi Power X in a research report on Wednesday. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $2.50.

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.