Digi Power X Inc (DGXX)’s latest performance is not what we had anticipated

Zack King

Digi Power X Inc (NASDAQ: DGXX) kicked off on Monday, up 25.71% from the previous trading day, before settling in for the closing price of $4.59. Over the past 52 weeks, DGXX has traded in a range of $0.85-$4.96.

Annual sales at Utilities sector company grew by 41.68% over the past five years. While this was happening, its average annual earnings per share was recorded -136.36%. With a float of $35.02 million, this company’s outstanding shares have now reached $39.47 million.

Digi Power X Inc (DGXX) Insider Updates

Our next focus will be how large-scale investors are participating in this stock of the Utilities – Independent Power Producers Industry. The insider ownership of Digi Power X Inc is 22.82%, while institutional ownership is 7.59%.

Digi Power X Inc (DGXX) Performance Highlights and Predictions

In the latest quarterly report, which was put into the public domain on 9/30/2024, the organization reported -0.21 earnings per share (EPS), lower than consensus estimate (set at -0.13) by -0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.09 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -136.36% per share during the next fiscal year.

Digi Power X Inc (NASDAQ: DGXX) Trading Performance Indicators

Take a look at Digi Power X Inc’s (DGXX) current performance indicators. Last quarter, stock had a quick ratio of 1.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.13.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.55, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.12 in one year’s time.

Technical Analysis of Digi Power X Inc (DGXX)

Digi Power X Inc (NASDAQ: DGXX) saw its 5-day average volume 9.63 million, a positive change from its year-to-date volume of 1.73 million. As of the previous 9 days, the stock’s Stochastic %D was 81.41%.

During the past 100 days, Digi Power X Inc’s (DGXX) raw stochastic average was set at 95.19%, which indicates a significant increase from 93.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.67 in the past 14 days, which was higher than the 0.34 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.84, while its 200-day Moving Average is $2.22. Nevertheless, the first resistance level for the watch stands at $6.27 in the near term. At $6.78, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.56. If the price goes on to break the first support level at $4.98, it is likely to go to the next support level at $4.20. Assuming the price breaks the second support level, the third support level stands at $3.69.

Digi Power X Inc (NASDAQ: DGXX) Key Stats

The company with the Market Capitalisation of 261.84 million has total of 45,830K Shares Outstanding. Its annual sales at the moment are 37,000 K in contrast with the sum of -6,800 K annual income. Company’s last quarter sales were recorded 8,110 K and last quarter income was -10,390 K.

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