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The price of Stronghold Digital Mining Inc (NASDAQ: SDIG) closed at $2.74 in the last session, down -0.36% from day before closing price of $2.76. In other words, the price has decreased by -$0.36 from its previous closing price. On the day, 0.56 million shares were traded. SDIG stock price reached its highest trading level at $3.01 during the session, while it also had its lowest trading level at $2.67.
Ratios:
We take a closer look at SDIG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.24 and its Current Ratio is at 0.34. In the meantime, Its Debt-to-Equity ratio is 1.07 whereas as Long-Term Debt/Eq ratio is at 0.75.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 05 ’24 when Shaffer Richard J. sold 51 shares for $2.43 per share. The transaction valued at 124 led to the insider holds 25,787 shares of the business.
Smith Matthew J. sold 162 shares of SDIG for $400 on Aug 05 ’24. The Chief Financial Officer now owns 168,768 shares after completing the transaction at $2.47 per share. On Aug 05 ’24, another insider, MATTHEW JARED SMITH, who serves as the Officer of the company, bought 162 shares for $2.47 each.
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 35590020 and an Enterprise Value of 86276600. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.41 while its Price-to-Book (P/B) ratio in mrq is 0.85. Its current Enterprise Value per Revenue stands at 1.012 whereas that against EBITDA is -16.981.
Stock Price History:
The Beta on a monthly basis for SDIG is 2.81, which has changed by -0.48311442 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. Over the past 52 weeks, SDIG has reached a high of $11.56, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is -23.68%, while the 200-Day Moving Average is calculated to be -36.00%.
Shares Statistics:
According to the various share statistics, SDIG traded on average about 581.77K shares per day over the past 3-months and 518230 shares per day over the past 10 days. A total of 11.12M shares are outstanding, with a floating share count of 10.89M. Insiders hold about 16.00% of the company’s shares, while institutions hold 20.94% stake in the company. Shares short for SDIG as of 1722384000 were 584393 with a Short Ratio of 1.00, compared to 1719532800 on 582155. Therefore, it implies a Short% of Shares Outstanding of 584393 and a Short% of Float of 4.79.
Earnings Estimates
As of right now, 2.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is -$0.41, with high estimates of -$0.31 and low estimates of -$0.52.
Analysts are recommending an EPS of between -$0.83 and -$1.04 for the fiscal current year, implying an average EPS of -$0.93. EPS for the following year is -$1.73, with 1.0 analysts recommending between -$1.73 and -$1.73.
Revenue Estimates
According to 2 analysts, the current quarter’s revenue is expected to be $19.3M. It ranges from a high estimate of $23.5M to a low estimate of $15.1M. As of the current estimate, Stronghold Digital Mining Inc’s year-ago sales were $17.73MFor the next quarter, 2 analysts are estimating revenue of $19.45M. There is a high estimate of $23.9M for the next quarter, whereas the lowest estimate is $15M.
A total of 2 analysts have provided revenue estimates for SDIG’s current fiscal year. The highest revenue estimate was $97.6M, while the lowest revenue estimate was $75.2M, resulting in an average revenue estimate of $86.4M. In the same quarter a year ago, actual revenue was $74.97MBased on 1 analysts’ estimates, the company’s revenue will be $94.7M in the next fiscal year. The high estimate is $94.7M and the low estimate is $94.7M.
