The closing price of Stronghold Digital Mining Inc (NASDAQ: SDIG) was $2.23 for the day, down -29.21% from the previous closing price of $3.15. On the day, 1351703 shares were traded.
Ratios:
Our analysis of SDIG’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 20 ’24 when Smith Matthew J. sold 166 shares for $4.04 per share. The transaction valued at 670 led to the insider holds 174,446 shares of the business.
Beard Gregory A sold 35,896 shares of SDIG for $141,994 on Mar 18 ’24. The Chief Executive Officer now owns 387,814 shares after completing the transaction at $3.96 per share. On Mar 18 ’24, another insider, Smith Matthew J., who serves as the Chief Financial Officer of the company, sold 8,510 shares for $3.96 each. As a result, the insider received 33,691 and left with 174,612 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.57.
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 $3.15.
Shares Statistics:
A total of 11.12M shares are outstanding, with a floating share count of 10.63M. Insiders hold about 15.94% of the company’s shares, while institutions hold 15.20% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Fidelity Crypto Industry and Di analysts. The consensus estimate for the next quarter is $2.23, with high estimates of $95.16 and low estimates of $20.93.
EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $ETF.
