Digi Power X (NASDAQ:DGXX) President Sells $58,082.00 in Stock

Key Points

• President Alec Amar sold 25,700 shares at an average price of $2.26 under a Rule 10b5-1 plan for $58,082, leaving him with 1,341,449 shares (a 1.88% reduction in his position).
• Q4 results missed on EPS: Digi Power X reported ($0.31) EPS versus a ($0.14) consensus miss, despite revenue of $8.65 million beating estimates of $6.80 million and showing negative margins and return on equity.
• Market and analyst view: Shares traded down about 1.7% to $2.36 (market cap ~$108M), with a consensus "Hold" rating and $4.00 average price target; institutional ownership is roughly 1.93%.

Digi Power X Inc. (NASDAQ:DGXX - Get Free Report) President Alec Amar sold 25,700 shares of the business's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $2.26, for a total transaction of $58,082.00. Following the completion of the transaction, the president directly owned 1,341,449 shares of the company's stock, valued at $3,031,674.74. This trade represents a 1.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Alec Amar also recently made the following trade(s):

• On Wednesday, April 1st, Alec Amar sold 1,800 shares of Digi Power X stock. The shares were sold at an average price of $2.25, for a total transaction of $4,050.00.
• On Monday, February 2nd, Alec Amar sold 27,500 shares of Digi Power X stock. The shares were sold at an average price of $2.53, for a total transaction of $69,575.00.

Digi Power X Trading Down 1.7%

Shares of DGXX stock traded down $0.04 on Thursday, hitting $2.36. The stock had a trading volume of 1,384,293 shares, compared to its average volume of 2,442,913. Digi Power X Inc. has a twelve month low of $0.85 and a twelve month high of $6.78. The firm has a market cap of $108.16 million, a P/E ratio of -3.75 and a beta of 5.85. The company has a fifty day moving average price of $2.45 and a two-hundred day moving average price of $3.11.

Digi Power X (NASDAQ:DGXX - Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.17). Digi Power X had a negative net margin of 39.25% and a negative return on equity of 47.17%. The firm had revenue of $8.65 million during the quarter, compared to analyst estimates of $6.80 million.

Hedge Funds Weigh In On Digi Power X

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DGXX. PFG Investments LLC acquired a new position in Digi Power X in the 4th quarter worth $26,000. Arkadios Wealth Advisors acquired a new position in Digi Power X in the 3rd quarter worth $27,000. J.W. Cole Advisors Inc. acquired a new position in Digi Power X in the 4th quarter worth $29,000. Commonwealth Equity Services LLC acquired a new position in Digi Power X in the 4th quarter worth $29,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in Digi Power X in the 4th quarter worth $29,000. 1.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DGXX. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Digi Power X in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of Digi Power X from a "hold" rating to a "sell" rating in a research note on Saturday, March 21st. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $4.00.

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.

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