Traders Buy High Volume of Call Options on Digi Power X (NASDAQ:DGXX)

by · The Cerbat Gem

Digi Power X Inc. (NASDAQ:DGXX – Get Free Report) was the recipient of unusually large options trading on Monday. Stock traders bought 16,674 call options on the stock. This is an increase of 69% compared to the average daily volume of 9,847 call options.

Digi Power X Stock Down 16.5%

NASDAQ:DGXX traded down $0.53 during midday trading on Monday, reaching $2.68. The stock had a trading volume of 7,342,082 shares, compared to its average volume of 2,289,832. The stock has a market cap of $122.82 million, a P/E ratio of -6.38 and a beta of 5.81. Digi Power X has a 12-month low of $0.85 and a 12-month high of $6.78. The firm has a fifty day simple moving average of $4.10 and a two-hundred day simple moving average of $3.10.

Digi Power X (NASDAQ:DGXX – Get Free Report) last released its earnings results on Thursday, November 13th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.08. Digi Power X had a negative net margin of 39.25% and a negative return on equity of 47.17%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Industrial Alliance Securities set a $3.50 target price on shares of Digi Power X in a research note on Tuesday, September 2nd. HC Wainwright boosted their price target on shares of Digi Power X from $2.50 to $5.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Alliance Global Partners assumed coverage on shares of Digi Power X in a report on Tuesday, September 2nd. They issued a “buy” rating and a $3.50 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Digi Power X in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $4.00.

Check Out Our Latest Research Report on Digi Power X

Hedge Funds Weigh In On Digi Power X

Several institutional investors and hedge funds have recently added to or reduced their stakes in DGXX. Vident Advisory LLC purchased a new position in shares of Digi Power X during the 3rd quarter worth approximately $2,663,000. Alyeska Investment Group L.P. acquired a new position in Digi Power X during the third quarter worth $1,585,000. Moneta Group Investment Advisors LLC purchased a new position in Digi Power X in the third quarter worth $74,000. Sprott Inc. purchased a new stake in shares of Digi Power X during the 3rd quarter worth $69,000. Finally, Private Advisor Group LLC acquired a new position in shares of Digi Power X during the 3rd quarter worth $39,000. Institutional investors and hedge funds own 1.93% of the company’s stock.

Digi Power X Company Profile

(Get Free Report)

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.

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