Digi Power X (NASDAQ:DGXX) Downgraded to “Sell” Rating by Wall Street Zen

Digi Power X (NASDAQ:DGXX) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a report on Wednesday, January 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Digi Power X currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Digi Power X Stock Performance

Shares of DGXX opened at $2.33 on Friday. The stock has a 50-day simple moving average of $2.67 and a 200-day simple moving average of $3.13. The stock has a market capitalization of $106.78 million, a PE ratio of -5.55 and a beta of 5.84. Digi Power X has a 1 year low of $0.85 and a 1 year high of $6.78.

Insider Activity

In other news, President Alec Amar sold 27,500 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $2.53, for a total transaction of $69,575.00. Following the completion of the transaction, the president directly owned 1,263,116 shares of the company’s stock, valued at approximately $3,195,683.48. This represents a 2.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PFG Investments LLC acquired a new stake in shares of Digi Power X in the fourth quarter valued at about $26,000. Commonwealth Equity Services LLC acquired a new stake in Digi Power X in the 4th quarter worth about $29,000. Creative Financial Designs Inc. ADV purchased a new stake in Digi Power X in the fourth quarter valued at approximately $29,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Digi Power X during the 4th quarter valued at $29,000. Finally, Arkadios Wealth Advisors acquired a new stake in Digi Power X during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

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.