Digi Power X Target of Unusually High Options Trading (NASDAQ:DGXX)

Digi Power X Inc. (NASDAQ:DGXX) saw unusually large options trading activity on Wednesday. Stock investors acquired 27,892 call options on the stock. This is an increase of approximately 123% compared to the average volume of 12,527 call options.

Wall Street Analyst Weigh In

DGXX has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digi Power X in a research report on Friday, July 17th. Wall Street Zen raised Digi Power X from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Digi Power X in a research report on Friday, May 15th. Two 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 a consensus rating of “Hold” and an average price target of $4.00.

Institutional Trading of Digi Power X

Hedge funds have recently bought and sold shares of the business. PFG Investments LLC acquired a new position in Digi Power X during the fourth quarter worth $26,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Digi Power X during the fourth quarter valued at about $29,000. Commonwealth Equity Services LLC bought a new stake in shares of Digi Power X during the fourth quarter worth about $29,000. J.W. Cole Advisors Inc. bought a new stake in shares of Digi Power X during the fourth quarter worth about $29,000. Finally, Chicago Partners Investment Group LLC acquired a new stake in shares of Digi Power X in the 1st quarter worth about $34,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

Digi Power X Trading Up 10.6%

Shares of NASDAQ DGXX opened at $4.19 on Thursday. The firm has a market capitalization of $378.86 million, a P/E ratio of -6.45 and a beta of 6.28. The firm’s 50-day moving average price is $4.94 and its 200-day moving average price is $4.19. 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 issued its earnings results on Friday, May 15th. The company reported ($0.07) EPS for the quarter. The firm had revenue of $6.79 million during the quarter. Digi Power X had a negative net margin of 98.79% and a negative return on equity of 42.04%.

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.