Digi Power X (NASDAQ:DGXX) Now Covered by Alliance Global Partners

Alliance Global Partners began coverage on shares of Digi Power X (NASDAQ:DGXX) in a report issued on Tuesday, Marketbeat.com reports. The firm issued a buy rating and a $3.50 price target on the stock.

A number of other brokerages also recently issued reports on DGXX. HC Wainwright reiterated a “buy” rating and set a $2.50 price target on shares of Digi Power X in a research report on Wednesday, August 20th. Wall Street Zen upgraded Digi Power X from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $3.00.

Digi Power X Stock Up 7.7%

Shares of DGXX stock opened at $2.37 on Tuesday. The stock has a market capitalization of $105.96 million, a P/E ratio of -3.70 and a beta of 5.65. The business’s 50 day simple moving average is $2.77. Digi Power X has a 12-month low of $0.85 and a 12-month high of $4.25.

Digi Power X (NASDAQ:DGXX) last issued its quarterly earnings results on Thursday, August 14th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.07. The company had revenue of $8.11 million for 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.