Digi Power X (NASDAQ:DGXX) Upgraded at Wall Street Zen

Key Points

• Digi Power X (NASDAQ:DGXX) received an upgrade from a "sell" to a "hold" rating by analysts at Wall Street Zen.
• HC Wainwright reaffirmed a "buy" rating and set a price target of $2.50 on the stock, indicating confidence in the company's potential.
• Despite a negative return on equity and net margin, Digi Power X reported better-than-expected earnings, with a quarterly revenue of $8.11 million surpassing estimates.

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

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

Digi Power X Price Performance

Shares of DGXX stock opened at $2.24 on Friday. The stock has a 50 day moving average price of $2.81. Digi Power X has a 12 month low of $0.85 and a 12 month high of $4.25. The company has a market cap of $100.15 million, a P/E ratio of -3.50 and a beta of 5.69.

Digi Power X (NASDAQ:DGXX - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.28) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.07. The firm had revenue of $8.11 million during the quarter, compared to analysts' expectations of $7.80 million. Digi Power X had a negative return on equity of 72.10% and a negative net margin of 58.85%.

Digi Power X Company Profile

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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