HC Wainwright Forecasts Stronger Earnings for Digi Power X

Digi Power X Inc. (NASDAQ:DGXX) – Equities researchers at HC Wainwright lifted their FY2026 earnings per share estimates for shares of Digi Power X in a note issued to investors on Thursday, April 2nd. HC Wainwright analyst K. Dede now anticipates that the company will earn ($0.39) per share for the year, up from their prior forecast of ($0.40).

A number of other equities research analysts have also recently weighed in on DGXX. Wall Street Zen cut Digi Power X from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a report on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $4.00.

Digi Power X Price Performance

DGXX opened at $2.40 on Tuesday. The stock has a market cap of $109.99 million, a P/E ratio of -3.81 and a beta of 5.85. The stock’s 50 day simple moving average is $2.45 and its 200 day simple moving average is $3.11. Digi Power X has a 1-year low of $0.85 and a 1-year high of $6.78.

Digi Power X (NASDAQ:DGXX) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.17). The firm had revenue of $8.65 million during the quarter, compared to analyst estimates of $6.80 million. Digi Power X had a negative return on equity of 47.17% and a negative net margin of 39.25%.

Institutional Investors Weigh In On Digi Power X

A number of large investors have recently bought and sold shares of DGXX. Vennlight Capital Management LP acquired a new stake in Digi Power X during the 4th quarter valued at $4,471,000. Vident Advisory LLC acquired a new stake in Digi Power X during the 3rd quarter valued at $2,663,000. Alyeska Investment Group L.P. acquired a new stake in Digi Power X during the 3rd quarter valued at $1,585,000. Geode Capital Management LLC grew its holdings in Digi Power X by 1,771.7% during the 4th quarter. Geode Capital Management LLC now owns 592,399 shares of the company’s stock valued at $1,511,000 after buying an additional 560,749 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Digi Power X by 157.8% during the 4th quarter. Renaissance Technologies LLC now owns 883,501 shares of the company’s stock valued at $2,253,000 after buying an additional 540,801 shares during the last quarter. Institutional investors and hedge funds own 1.93% of the company’s stock.

Insider Buying and Selling

In other Digi Power X news, President Alec Amar sold 27,500 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $2.53, for a total transaction of $69,575.00. Following the sale, the president owned 1,263,116 shares in the company, valued at approximately $3,195,683.48. This represents a 2.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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.