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In the latest session, Stronghold Digital Mining Inc (NASDAQ: SDIG) closed at $4.82 down -0.62% from its previous closing price of $4.85. In other words, the price has decreased by -$0.62 from its previous closing price. On the day, 0.56 million shares were traded. SDIG stock price reached its highest trading level at $4.91 during the session, while it also had its lowest trading level at $4.71.
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 0.24 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:
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 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 69808544 and an Enterprise Value of 122344104. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.81 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 1.421 whereas that against EBITDA is -21.193.
Stock Price History:
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 29.35%, while the 200-Day Moving Average is calculated to be 12.32%.
Shares Statistics:
For the past three months, SDIG has traded an average of 1.64M shares per day and 7006290 over the past ten days. A total of 14.48M shares are outstanding, with a floating share count of 12.17M. Insiders hold about 16.00% of the company’s shares, while institutions hold 28.45% stake in the company. Shares short for SDIG as of 1723680000 were 1441508 with a Short Ratio of 0.88, compared to 1721001600 on 574478. Therefore, it implies a Short% of Shares Outstanding of 1441508 and a Short% of Float of 10.520000999999999.
