Digi Power X (NASDAQ:DGXX) Stock Rating Lowered by Wall Street Zen

Key Points

• Digi Power X was downgraded by Wall Street Zen from a "hold" to a sell, and Weiss Ratings also reaffirmed a sell (D-)
• Shares opened at $2.33, trade in a 52‑week range of $0.85–$6.78, and the company has a market cap of about $106.8M, a negative P/E and a high beta (5.84), indicating elevated volatility.
• President Alec Amar executed an insider sale of 27,500 shares at $2.53 on Feb. 2, reducing his ownership by roughly 2.13%.

Digi Power X (NASDAQ:DGXX - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Digi Power X in a research note on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $4.00.

Digi Power X Stock Performance

NASDAQ:DGXX opened at $2.33 on Friday. Digi Power X has a fifty-two week low of $0.85 and a fifty-two week high of $6.78. The company has a 50 day moving average price of $2.67 and a 200 day moving average price of $3.13. The stock has a market capitalization of $106.78 million, a P/E ratio of -5.55 and a beta of 5.84.

Insider Activity

In other news, President Alec Amar sold 27,500 shares of the firm's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $2.53, for a total value of $69,575.00. Following the completion of the transaction, the president owned 1,263,116 shares of the company's stock, valued at approximately $3,195,683.48. This trade represents a 2.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Digi Power X

Several large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors acquired a new stake in Digi Power X during the 3rd quarter worth approximately $27,000. Fortitude Advisory Group L.L.C. acquired a new position in shares of Digi Power X in the third quarter worth $34,000. Sprott Inc. purchased a new stake in shares of Digi Power X during the third quarter worth $69,000. Private Advisor Group LLC purchased a new stake in shares of Digi Power X during the third quarter worth $39,000. Finally, Vident Advisory LLC acquired a new stake in shares of Digi Power X in the third quarter valued at $2,663,000. 1.93% of the stock is owned by hedge funds and other institutional investors.

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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