Digi Power X (NASDAQ:DGXX) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• Digi Power X (NASDAQ:DGXX) has received a "Sell (D-)" rating from Weiss Ratings, while other firms have given it mixed reviews with a buy rating from HC Wainwright and a hold upgrade from Wall Street Zen.
• The stock is currently trading at $2.67, down 3.6%, and has a market capitalization of $119.38 million, with a 52-week trading range between $0.85 and $4.25.
• Digi Power X reported earnings of ($0.28) per share, exceeding analysts' expectations, along with revenue of $8.11 million for the quarter, outperforming estimates of $7.80 million.

Digi Power X (NASDAQ:DGXX - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other research firms have also issued reports on DGXX. HC Wainwright reiterated a "buy" rating and issued a $2.50 target price on shares of Digi Power X in a research note on Wednesday, August 20th. Industrial Alliance Securities set a $3.50 target price on Digi Power X in a report on Tuesday, September 2nd. Alliance Global Partners assumed coverage on Digi Power X in a research report on Tuesday, September 2nd. They set a "buy" rating and a $3.50 price target for the company. Finally, Wall Street Zen upgraded Digi Power X from a "sell" rating to a "hold" rating in a research report on Saturday, August 16th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $3.17.

Digi Power X Trading Down 3.6%

DGXX traded down $0.10 during trading on Wednesday, reaching $2.67. The company had a trading volume of 1,102,342 shares, compared to its average volume of 1,286,493. The company has a market capitalization of $119.38 million, a PE ratio of -4.17 and a beta of 5.60. The business's 50 day moving average is $2.54. Digi Power X has a 52 week low of $0.85 and a 52 week high of $4.25.

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

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