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After finishing at $4.15 in the prior trading day, Stronghold Digital Mining Inc (NASDAQ: SDIG) closed at $4.10, down -1.20%. In other words, the price has decreased by -$1.20 from its previous closing price. On the day, 0.61 million shares were traded. SDIG stock price reached its highest trading level at $4.17 during the session, while it also had its lowest trading level at $3.9379.
Ratios:
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 0.21 and its Current Ratio is at 0.27. In the meantime, Its Debt-to-Equity ratio is 1.75 whereas as Long-Term Debt/Eq ratio is at 1.10.
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 Oct 30 ’24 when Shaffer Richard J. sold 27 shares for $5.16 per share. The transaction valued at 139 led to the insider holds 23,916 shares of the business.
Smith Matthew J. sold 98 shares of SDIG for $555 on Oct 29 ’24. The Chief Financial Officer now owns 159,500 shares after completing the transaction at $5.66 per share. On Oct 29 ’24, another insider, MATTHEW JARED SMITH, who serves as the Officer of the company, bought 98 shares for $5.66 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 60832520 and an Enterprise Value of 127268360. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.91 while its Price-to-Book (P/B) ratio in mrq is 3.09. Its current Enterprise Value per Revenue stands at 1.478 whereas that against EBITDA is -22.046.
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 -16.90%, while the 200-Day Moving Average is calculated to be 1.45%.
Shares Statistics:
The stock has traded on average 556.44K shares per day over the past 3-months and 599050 shares per day over the last 10 days, according to various share statistics. A total of 14.74M shares are outstanding, with a floating share count of 12.75M. Insiders hold about 14.04% of the company’s shares, while institutions hold 30.99% stake in the company. Shares short for SDIG as of 1730332800 were 592983 with a Short Ratio of 1.17, compared to 1727654400 on 641818. Therefore, it implies a Short% of Shares Outstanding of 592983 and a Short% of Float of 4.33.
