As of close of business last night, Stronghold Digital Mining Inc’s stock clocked out at $4.81, up 9.07% from its previous closing price of $4.41. In other words, the price has increased by $+0.4000 from its previous closing price. On the day, 658739 shares were traded.
Ratios:
To gain a deeper understanding of SDIG’s stock, we examine its different 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 22 ’24 when Smith Matthew J. sold 178 shares for $4.88 per share. The transaction valued at 869 led to the insider holds 183,122 shares of the business.
Smith Matthew J. sold 18,322 shares of SDIG for $97,695 on Jan 30 ’24. The Chief Financial Officer now owns 183,300 shares after completing the transaction at $5.33 per share. On Jan 29 ’24, another insider, Shaffer Richard J., who serves as the Senior Vice President of the company, sold 37 shares for $5.76 each. As a result, the insider received 213 and left with 29,251 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 57.19M and an Enterprise Value of 114.06M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.23. Its current Enterprise Value per Revenue stands at 1.55 whereas that against EBITDA is -1.40.
Stock Price History:
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 5.6360, while the 200-Day Moving Average is calculated to be 5.4739.
Shares Statistics:
It appears that SDIG traded 1.31M shares on average per day over the past three months and 963.59k shares per day over the past ten days. A total of 11.12M shares are outstanding, with a floating share count of 9.30M. Insiders hold about 16.34% of the company’s shares, while institutions hold 17.29% stake in the company. Shares short for SDIG as of Feb 15, 2024 were 195.1k with a Short Ratio of 0.15, compared to 892.98k on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.64% and a Short% of Float of 1.72%.
Earnings Estimates
As of right now, 2 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.02 and a low estimate of -$0.03, while EPS last year was -$6.5. The consensus estimate for the next quarter is -$0.42, with high estimates of -$0.33 and low estimates of -$0.51.
Analysts are recommending an EPS of between -$0.52 and -$2.06 for the fiscal current year, implying an average EPS of -$1.09. EPS for the following year is -$0.04, with 2 analysts recommending between $0.08 and -$0.16.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $31.28M. It ranges from a high estimate of $32.85M 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 81.20% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for SDIG’s current fiscal year. The highest revenue estimate was $119.4M, while the lowest revenue estimate was $66.2M, resulting in an average revenue estimate of $100.37M. In the same quarter a year ago, actual revenue was $74.97M, up 33.90% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $115.57M in the next fiscal year. The high estimate is $116.4M and the low estimate is $114.74M. The average revenue growth estimate for next year is up 15.10% from the average revenue estimate for this year.
