Digi Power X (NASDAQ:DGXX) Stock Rating Upgraded by Wall Street Zen

Digi Power X (NASDAQ:DGXX) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other research analysts have also recently commented on DGXX. HC Wainwright upped their target price on Digi Power X from $2.50 to $5.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Digi Power X in a research report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Digi Power X currently has a consensus rating of “Hold” and an average target price of $4.00.

Digi Power X Trading Down 6.2%

DGXX stock opened at $2.72 on Friday. The stock has a market cap of $124.66 million, a PE ratio of -6.48 and a beta of 5.84. Digi Power X has a 12 month low of $0.85 and a 12 month high of $6.78. The company has a 50-day moving average price of $2.70 and a 200 day moving average price of $3.11.

Insider Transactions at Digi Power X

In other Digi Power X news, President Alec Amar sold 27,500 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $2.53, for a total value of $69,575.00. Following the completion of the transaction, the president directly owned 1,263,116 shares in the company, valued at approximately $3,195,683.48. The trade was a 2.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Institutional Investors Weigh In On Digi Power X

Several institutional investors have recently bought and sold shares of DGXX. PFG Investments LLC acquired a new stake in Digi Power X during the 4th quarter worth about $26,000. Arkadios Wealth Advisors acquired a new position in shares of Digi Power X in the third quarter valued at about $27,000. J.W. Cole Advisors Inc. purchased a new position in shares of Digi Power X in the fourth quarter worth about $29,000. Commonwealth Equity Services LLC purchased a new position in shares of Digi Power X in the fourth quarter worth about $29,000. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of Digi Power X during the fourth quarter worth about $29,000. 1.93% of the stock is currently owned by institutional investors and hedge funds.

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.