Stock Traders Purchase High Volume of Digi Power X Call Options (NASDAQ:DGXX)

Digi Power X Inc. (NASDAQ:DGXX) was the recipient of some unusual options trading activity on Monday. Investors acquired 15,974 call options on the company. This is an increase of 63% compared to the typical daily volume of 9,788 call options.

Digi Power X Price Performance

DGXX traded up $0.85 during trading on Monday, hitting $7.09. The company had a trading volume of 9,585,377 shares, compared to its average volume of 6,657,814. The company has a market cap of $641.35 million, a PE ratio of -10.89 and a beta of 6.19. The business has a 50-day moving average of $5.40 and a 200-day moving average of $3.71. Digi Power X has a 1-year low of $1.86 and a 1-year high of $9.20.

Digi Power X (NASDAQ:DGXX) last posted its quarterly earnings results on Friday, May 15th. The company reported $999.00 earnings per share (EPS) for the quarter. The firm had revenue of $6.79 million for the quarter. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%.

Analyst Ratings Changes

DGXX has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Digi Power X in a research report on Monday, April 20th. Wall Street Zen raised shares of Digi Power X from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Digi Power X in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Digi Power X has an average rating of “Hold” and an average target price of $4.00.

Insiders Place Their Bets

In other news, President Alec Amar sold 27,500 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $3.56, for a total transaction of $97,900.00. Following the transaction, the president directly owned 1,368,949 shares of the company’s stock, valued at approximately $4,873,458.44. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 55,000 shares of company stock worth $160,032 over the last 90 days.

Institutional Trading of Digi Power X

Institutional investors have recently added to or reduced their stakes in the business. PFG Investments LLC bought a new stake in Digi Power X during the fourth quarter valued at $26,000. Commonwealth Equity Services LLC bought a new stake in Digi Power X during the fourth quarter valued at $29,000. Creative Financial Designs Inc. ADV bought a new stake in Digi Power X during the fourth quarter valued at $29,000. J.W. Cole Advisors Inc. bought a new stake in Digi Power X during the fourth quarter valued at $29,000. Finally, Advisory Services Network LLC bought a new stake in Digi Power X during the fourth quarter valued at $37,000. Institutional investors 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.