In What Direction Will Stronghold Digital Mining Inc.’s (NASDAQ:SDIG) Stock Goes From Here?

Stronghold Digital Mining Inc. (NASDAQ: SDIG) closed the day trading at $0.65 up 8.55% from the previous closing price of $0.60. In other words, the price has increased by $+0.0509 from its previous closing price. On the day, 2637858 shares were traded. SDIG stock price reached its highest trading level at $0.7000 during the session, while it also had its lowest trading level at $0.5725.

Will You Miss Out On This Growth Stock Boom?

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our 5 Best Growth Stocks To Own For 2023.



For a better understanding of SDIG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 1.03 whereas as Long-Term Debt/Eq ratio is at 0.08.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Cowen on August 18, 2022, Downgraded its rating to Market Perform and sets its target price to $2.25 from $11 previously.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 19 when Beard Gregory A bought 602,409 shares for $1.66 per share. The transaction valued at 999,999 led to the insider holds 602,409 shares of the business.

Valuation Measures:

For the stock, the TTM Price-to-Sale (P/S) ratio is 0.31 while its Price-to-Book (P/B) ratio in mrq is 0.16.

Stock Price History:

Over the past 52 weeks, SDIG has reached a high of $14.43, while it has fallen to a 52-week low of $0.40. The 50-Day Moving Average of the stock is 0.6020, while the 200-Day Moving Average is calculated to be 1.8218.

Shares Statistics:

Over the past 3-months, SDIG traded about 848.39K shares per day on average, while over the past 10 days, SDIG traded about 1.99M shares per day. A total of 24.63M shares are outstanding, with a floating share count of 21.77M. Insiders hold about 3.20% of the company’s shares, while institutions hold 27.30% stake in the company. Shares short for SDIG as of Oct 13, 2022 were 3.78M with a Short Ratio of 4.62M, compared to 3.11M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 16.44% and a Short% of Float of 16.47%.

Earnings Estimates

Current recommendations for the stock of the company come from 6 analysts. On average, analysts expect EPS of -$0.33 for the current quarter, with a high estimate of -$0.12 and a low estimate of -$0.51, while EPS last year was -$6.05. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.02 and low estimates of -$0.35.

Analysts are recommending an EPS of between -$1.53 and -$2.34 for the fiscal current year, implying an average EPS of -$1.86. EPS for the following year is -$0.28, with 6 analysts recommending between $0.24 and -$0.74.

Revenue Estimates

5 analysts predict $26.66M in revenue for the current quarter. It ranges from a high estimate of $29.8M to a low estimate of $22.48M. As of the current estimate, Stronghold Digital Mining Inc.’s year-ago sales were $6.02M, an estimated increase of 342.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $29.92M, an increase of 75.90% less than the figure of $342.90% in the same quarter last year. There is a high estimate of $36.4M for the next quarter, whereas the lowest estimate is $25.8M.

A total of 6 analysts have provided revenue estimates for SDIG’s current fiscal year. The highest revenue estimate was $264M, while the lowest revenue estimate was $107.2M, resulting in an average revenue estimate of $139.42M. In the same quarter a year ago, actual revenue was $30.91M, up 351.00% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $141.45M in the next fiscal year. The high estimate is $178.51M and the low estimate is $112.7M. The average revenue growth estimate for next year is up 1.50% from the average revenue estimate for this year.