It’s an appealing income play to consider Stronghold Digital Mining Inc. (SDIG)

After finishing at $0.53 in the prior trading day, Stronghold Digital Mining Inc. (NASDAQ: SDIG) closed at $0.50, down -5.36%. In other words, the price has decreased by -$0.0286 from its previous closing price. On the day, 2049294 shares were traded. SDIG stock price reached its highest trading level at $0.6100 during the session, while it also had its lowest trading level at $0.5001.

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Our goal is to gain a better understanding of SDIG by taking a closer 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 0.27 while its Price-to-Book (P/B) ratio in mrq is 0.13.

Stock Price History:

Over the past 52 weeks, SDIG has reached a high of $11.00, while it has fallen to a 52-week low of $0.40. The 50-Day Moving Average of the stock is 0.5682, while the 200-Day Moving Average is calculated to be 1.2723.

Shares Statistics:

The stock has traded on average 1.66M shares per day over the past 3-months and 1.36M shares per day over the last 10 days, according to various share statistics. 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 Jan 12, 2023 were 4.48M with a Short Ratio of 5.81M, compared to 4.87M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 14.14% and a Short% of Float of 14.96%.

Earnings Estimates

Its stock is currently analyzed by 6 different market analysts. On average, analysts expect EPS of -$0.29 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.65, while EPS last year was -$0.52. The consensus estimate for the next quarter is -$0.15, with high estimates of $0.03 and low estimates of -$0.27.

Analysts are recommending an EPS of between -$1.53 and -$3.4 for the fiscal current year, implying an average EPS of -$2.76. EPS for the following year is -$0.65, with 6 analysts recommending between $0.08 and -$1.59.

Revenue Estimates

6 analysts predict $22.86M in revenue for the current quarter. It ranges from a high estimate of $36.4M to a low estimate of $17.35M. As of the current estimate, Stronghold Digital Mining Inc.’s year-ago sales were $17.01M, an estimated increase of 34.40% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $23.91M, a decrease of -16.70% less than the figure of $34.40% in the same quarter last year. There is a high estimate of $28M for the next quarter, whereas the lowest estimate is $20.9M.

A total of 6 analysts have provided revenue estimates for SDIG’s current fiscal year. The highest revenue estimate was $124.2M, while the lowest revenue estimate was $99.98M, resulting in an average revenue estimate of $106.29M. In the same quarter a year ago, actual revenue was $30.91M, up 243.80% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $109.04M in the next fiscal year. The high estimate is $132M and the low estimate is $89.6M. The average revenue growth estimate for next year is up 2.60% from the average revenue estimate for this year.