Digi Power X (NASDAQ:DGXX) Upgraded to "Hold" 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.

Wall Street Zen upgraded shares of Digi Power X (NASDAQ:DGXX - Free Report) from a sell rating to a hold rating in a report published on Saturday morning.

Separately, HC Wainwright restated a "buy" rating and set a $2.50 target price on shares of Digi Power X in a research report on Thursday, June 12th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $2.50.

Digi Power X Stock Performance

Shares of DGXX traded up $0.18 during mid-day trading on Friday, reaching $2.36. The stock had a trading volume of 813,466 shares, compared to its average volume of 1,127,557. The firm has a market capitalization of $105.52 million, a price-to-earnings ratio of -3.69 and a beta of 5.69. Digi Power X has a 12 month low of $0.85 and a 12 month high of $4.25. The business's fifty day moving average price is $2.83.

Digi Power X (NASDAQ:DGXX - Get Free Report) last posted its quarterly 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. The business had revenue of $8.11 million during the quarter, compared to analyst estimates of $7.80 million. Digi Power X had a negative net margin of 58.85% and a negative return on equity of 70.55%.

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.