Texas Capital Bank Wealth Management Services Inc Takes $1.03 Million Position in Digi Power X Inc. $DGXX

Texas Capital Bank Wealth Management Services Inc bought a new stake in Digi Power X Inc. (NASDAQ:DGXX) during the fourth quarter, Holdings Channel reports. The institutional investor bought 405,001 shares of the company’s stock, valued at approximately $1,033,000.

Other large investors also recently modified their holdings of the company. PFG Investments LLC bought a new position in shares of Digi Power X in the fourth quarter valued at approximately $26,000. Creative Financial Designs Inc. ADV bought a new position in shares of Digi Power X in the fourth quarter valued at approximately $29,000. Arkadios Wealth Advisors bought a new position in shares of Digi Power X in the third quarter valued at approximately $27,000. Fortitude Advisory Group L.L.C. bought a new position in shares of Digi Power X in the third quarter valued at approximately $34,000. Finally, Private Advisor Group LLC bought a new position in shares of Digi Power X in the third quarter valued at approximately $39,000. Institutional investors own 1.93% of the company’s stock.

Analysts Set New Price Targets

DGXX has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a report on Monday, April 20th. Wall Street Zen upgraded Digi Power X from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Digi Power X in a research note on Friday, May 15th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $4.00.

Digi Power X Price Performance

NASDAQ DGXX opened at $8.11 on Friday. The stock has a market capitalization of $566.16 million, a price-to-earnings ratio of -12.48 and a beta of 5.85. Digi Power X Inc. has a one year low of $1.18 and a one year high of $9.20. The business’s fifty day moving average is $4.37 and its 200-day moving average is $3.48.

Digi Power X (NASDAQ:DGXX) last issued its earnings results on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter. The firm had revenue of $6.79 million for the quarter. Digi Power X had a negative return on equity of 42.04% and a negative net margin of 98.79%.

Insider Activity

In other Digi Power X news, President Alec Amar sold 27,500 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $3.56, for a total value of $97,900.00. Following the sale, the president directly owned 1,368,949 shares in the company, valued at $4,873,458.44. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 55,000 shares of company stock valued at $160,032 in the last 90 days.

Digi Power X 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.