In the latest session, Stronghold Digital Mining Inc (NASDAQ: SDIG) closed at $4.15 up 7.79% from its previous closing price of $3.85. In other words, the price has increased by $+0.3000 from its previous closing price. On the day, 798100 shares were traded.
Ratios:
For a deeper understanding of Stronghold Digital Mining Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.38 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.90 whereas as Long-Term Debt/Eq ratio is at 0.77.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 20 ’24 when Smith Matthew J. sold 166 shares for $4.04 per share. The transaction valued at 670 led to the insider holds 174,446 shares of the business.
Beard Gregory A sold 35,896 shares of SDIG for $141,994 on Mar 18 ’24. The Chief Executive Officer now owns 387,814 shares after completing the transaction at $3.96 per share. On Mar 18 ’24, another insider, Smith Matthew J., who serves as the Chief Financial Officer of the company, sold 8,510 shares for $3.96 each. As a result, the insider received 33,691 and left with 174,612 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SDIG now has a Market Capitalization of 53.11M and an Enterprise Value of 106.60M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.70 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 1.42 whereas that against EBITDA is -1.88.
Stock Price History:
The Beta on a monthly basis for SDIG is 2.68, which has changed by -38.06% over the last 52 weeks, in comparison to a change of 27.39% over the same period for the S&P500. Over the past 52 weeks, SDIG has reached a high of $12.50, while it has fallen to a 52-week low of $3.46. The 50-Day Moving Average of the stock is 4.7678, while the 200-Day Moving Average is calculated to be 5.3684.
Shares Statistics:
For the past three months, SDIG has traded an average of 1.07M shares per day and 412.87k over the past ten days. A total of 11.12M shares are outstanding, with a floating share count of 10.50M. Insiders hold about 16.99% of the company’s shares, while institutions hold 15.20% stake in the company. Shares short for SDIG as of Mar 15, 2024 were 162.13k with a Short Ratio of 0.15, compared to 195.1k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.28% and a Short% of Float of 1.34%.
Earnings Estimates
There are 2 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.03 and a low estimate of -$0.14, while EPS last year was -$6.5. The consensus estimate for the next quarter is -$0.25, with high estimates of -$0.23 and low estimates of -$0.28.
Analysts are recommending an EPS of between -$0.63 and -$1.25 for the fiscal current year, implying an average EPS of -$0.94. EPS for the following year is -$0.73, with 1 analysts recommending between -$0.73 and -$0.73.
Revenue Estimates
A total of 2 analysts believe the company’s revenue will be $30.2M this quarter.It ranges from a high estimate of $30.7M to a low estimate of $29.7M. As of the current estimate, Stronghold Digital Mining Inc’s year-ago sales were $17.27M, an estimated increase of 74.90% from the year-ago figure.
A total of 2 analysts have provided revenue estimates for SDIG’s current fiscal year. The highest revenue estimate was $113M, while the lowest revenue estimate was $90M, resulting in an average revenue estimate of $101.5M. In the same quarter a year ago, actual revenue was $74.97M, up 35.40% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $108.5M in the next fiscal year. The high estimate is $108.5M and the low estimate is $108.5M. The average revenue growth estimate for next year is up 6.90% from the average revenue estimate for this year.
