Digi Power X's (DGXX) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Digi Power X's stock has been given a "sell (D-)" rating by Weiss Ratings, reaffirming its previous assessment.
• Additionally, other analysts have mixed views on the stock, with a "buy" rating and target price of $3.50 from Alliance Global Partners, while the average rating remains a "hold" with a consensus target price of $3.17.
• In its most recent earnings report, Digi Power X beat expectations, reporting an EPS of ($0.28) and revenue of $8.11 million, surpassing estimates of ($0.35) EPS and $7.80 million in revenue.

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

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

Digi Power X Price Performance

NASDAQ:DGXX traded up $0.22 during trading hours on Friday, hitting $4.59. The company's stock had a trading volume of 6,196,896 shares, compared to its average volume of 4,536,848. The stock has a fifty day simple moving average of $2.77 and a 200-day simple moving average of $2.32. The company has a market capitalization of $210.36 million, a P/E ratio of -7.17 and a beta of 5.60. Digi Power X has a twelve month low of $0.85 and a twelve month high of $4.96.

Digi Power X (NASDAQ:DGXX - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.07. The firm had revenue of $8.11 million during the quarter, compared to the consensus estimate of $7.80 million. Digi Power X had a negative return on equity of 70.55% and a negative net margin of 58.85%.

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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