$3.65M in average volume shows that Digi Power X Inc (DGXX) is heading in the right direction

Steve Mayer

Digi Power X Inc (NASDAQ: DGXX) on Monday, soared 15.26% from the previous trading day, before settling in for the closing price of $3.21. Within the past 52 weeks, DGXX’s price has moved between $0.85 and $6.78.

During the last 5-year period, the sales growth of Utilities Sector giant was 41.68%. The company achieved an average annual earnings per share of -86.36%. With a float of $34.97 million, this company’s outstanding shares have now reached $44.74 million.

Digi Power X Inc (DGXX) Insider Activity

Observing investor behavior towards Utilities – Independent Power Producers industry stocks is more important than anything else. The insider ownership of Digi Power X Inc is 22.93%, while institutional ownership is 10.01%.

Digi Power X Inc (DGXX) Earnings and Forecasts

As on 12/31/2024, Multinational firm has announced its last quarter scores, in which it reported -0.01 earnings per share (EPS) for the period topping the consensus outlook (set at -0.15) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.

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

Digi Power X Inc (DGXX) is currently performing well based on its current performance indicators. A quick ratio of 4.57 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.39.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.34, a number that is poised to hit -0.10 in the next quarter and is forecasted to reach -0.28 in one year’s time.

Technical Analysis of Digi Power X Inc (DGXX)

Looking closely at Digi Power X Inc (NASDAQ: DGXX), its last 5-days average volume was 5.57 million, which is a jump from its year-to-date volume of 2.09 million. As of the previous 9 days, the stock’s Stochastic %D was 7.83%.

During the past 100 days, Digi Power X Inc’s (DGXX) raw stochastic average was set at 34.47%, which indicates a significant increase from 16.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.81 in the past 14 days, which was higher than the 0.41 volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $3.62, while its 200-day Moving Average is $2.41. However, in the short run, Digi Power X Inc’s stock first resistance to watch stands at $4.04. Second resistance stands at $4.39. The third major resistance level sits at $4.85. If the price goes on to break the first support level at $3.23, it is likely to go to the next support level at $2.77. Should the price break the second support level, the third support level stands at $2.42.

Digi Power X Inc (NASDAQ: DGXX) Key Stats

Market capitalization of the company is 167.91 million based on 45,830K outstanding shares. Right now, sales total 37,000 K and income totals -6,800 K. The company made 8,110 K in profit during its latest quarter, and -10,390 K in sales during its previous quarter.

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