Digi Power X (NASDAQ:DGXX) Shares Down 4% - Here's What Happened

Digi Power X Inc. (NASDAQ:DGXX - Get Free Report)'s share price was down 4% during mid-day trading on Wednesday . The company traded as low as $2.56 and last traded at $2.62. Approximately 1,234,508 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 1,729,017 shares. The stock had previously closed at $2.73.

Analyst Ratings Changes

Separately, HC Wainwright reissued a "buy" rating and set a $2.50 price target on shares of Digi Power X in a research report on Thursday, June 12th.

Digi Power X Price Performance

The firm has a 50 day moving average price of $2.01. The firm has a market cap of $101.95 million, a P/E ratio of -4.90 and a beta of 5.71.

Digi Power X (NASDAQ:DGXX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.42) by $0.37. The company had revenue of $9.28 million for the quarter, compared to the consensus estimate of $12.10 million. Digi Power X had a negative net margin of 40.00% and a negative return on equity of 47.32%.

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.