Market Resilience: Stronghold Digital Mining Inc (SDIG) Finishes Weak at 4.18, Down -1.18

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Stronghold Digital Mining Inc (NASDAQ: SDIG) closed the day trading at $4.18 down -1.18% from the previous closing price of $4.23. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 0.3 million shares were traded. SDIG stock price reached its highest trading level at $4.289 during the session, while it also had its lowest trading level at $4.03.

Ratios:

For a better understanding of SDIG, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.39 and its Current Ratio is at 0.50. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.61.

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 Jun 17 ’24 when Weber Ryan M sold 233 shares for $3.84 per share. The transaction valued at 894 led to the insider holds 38,539 shares of the business.

Smith Matthew J. sold 132 shares of SDIG for $434 on May 03 ’24. The Chief Financial Officer now owns 174,207 shares after completing the transaction at $3.29 per share. On May 01 ’24, another insider, Shaffer Richard J., who serves as the Senior Vice President of the company, sold 43 shares for $3.12 each. As a result, the insider received 134 and left with 27,125 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 54195368 and an Enterprise Value of 104752288. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.64 while its Price-to-Book (P/B) ratio in mrq is 0.87. Its current Enterprise Value per Revenue stands at 1.229 whereas that against EBITDA is -20.617.

Stock Price History:

The Beta on a monthly basis for SDIG is 2.82, which has changed by -0.32252836 over the last 52 weeks, in comparison to a change of 0.25510752 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 20.66%, while the 200-Day Moving Average is calculated to be -5.95%.

Shares Statistics:

Over the past 3-months, SDIG traded about 497.88K shares per day on average, while over the past 10 days, SDIG traded about 926670 shares per day. A total of 11.12M shares are outstanding, with a floating share count of 10.93M. Insiders hold about 15.66% of the company’s shares, while institutions hold 17.49% stake in the company. Shares short for SDIG as of 1718323200 were 310685 with a Short Ratio of 0.62, compared to 1715731200 on 379848. Therefore, it implies a Short% of Shares Outstanding of 310685 and a Short% of Float of 2.55.

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