Digi Power X (NASDAQ:DGXX) CEO Michel Amar Acquires 20,000 Shares of Company Stock

Digi Power X Inc. (NASDAQ:DGXX) CEO Michel Amar bought 20,000 shares of the company’s stock in a transaction dated Wednesday, October 14th. The stock was bought at an average cost of $2.76 per share, with a total value of $55,200.00. Following the acquisition, the chief executive officer directly owned 1,719,885 shares of the company’s stock, valued at approximately $4,746,882.60. The trade was a 1.18% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Michel Amar also recently made the following trade(s):

• On Wednesday, August 19th, Michel Amar purchased 20,000 shares of Digi Power X stock. The stock was bought at an average price of $3.60 per share, for a total transaction of $72,000.00.

Digi Power X Stock Up 3.0%

Shares of Digi Power X stock opened at $2.79 on Friday. The firm’s 50 day moving average is $3.79 and its 200 day moving average is $4.59. Digi Power X Inc. has a 1 year low of $1.86 and a 1 year high of $9.20.

Digi Power X (NASDAQ:DGXX) last released its quarterly earnings data on Friday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter. The company had revenue of $6.63 million for the quarter. Digi Power X had a negative return on equity of 26.75% and a negative net margin of 116.79%.

Institutional Trading of Digi Power X

Hedge funds and other institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC bought a new position in Digi Power X in the 1st quarter valued at approximately $34,000. Sovereign Financial Group Inc. acquired a new stake in Digi Power X during the 1st quarter worth approximately $39,000. Dynamic Advisor Solutions LLC bought a new stake in Digi Power X during the 2nd quarter worth approximately $66,000. FNY Investment Advisers LLC bought a new stake in Digi Power X during the 2nd quarter worth approximately $79,000. Finally, Bank of America Corp DE grew its holdings in Digi Power X by 5,228.9% during the 1st quarter. Bank of America Corp DE now owns 43,484 shares of the company’s stock worth $88,000 after acquiring an additional 42,668 shares during the last quarter. 1.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Digi Power X from a “hold” rating to a “sell” rating in a report on Saturday, September 26th. Alliance Global Partners reiterated a “buy” rating on shares of Digi Power X in a research note on Friday, August 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

About Digi Power X

Digi Power X, Inc (NASDAQ: DGXX) is a vertically integrated technology and digital infrastructure company focused on energy-intensive computing. Its primary business includes cryptocurrency mining, particularly Bitcoin mining, supported by the development and operation of data center and power infrastructure.

The company is also expanding its platform to support high-performance computing and artificial intelligence applications. Its activities include securing power capacity, developing computing facilities, and deploying specialized hardware for digital asset mining and other computational workloads.

Digi Power X was formerly known as Digihost Technology Inc and adopted its current name as part of an effort to broaden its focus beyond cryptocurrency mining.