The price of Stronghold Digital Mining Inc (NASDAQ: SDIG) closed at $4.78 in the last session, down -8.43% from day before closing price of $5.22. In other words, the price has decreased by -$0.4400 from its previous closing price. On the day, 1524270 shares were traded. SDIG stock price reached its highest trading level at $5.3900 during the session, while it also had its lowest trading level at $4.6800.
Ratios:
We take a closer look at SDIG’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.32 and its Current Ratio is at 0.44. In the meantime, Its Debt-to-Equity ratio is 0.79 whereas as Long-Term Debt/Eq ratio is at 0.74.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Feb 22 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. The Chief Financial Officer now owns 183,300 shares after completing the transaction at $5.33 per share. On Jan 29, 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 56.71M and an Enterprise Value of 113.59M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 1.54 whereas that against EBITDA is -1.39.
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 5.9488, while the 200-Day Moving Average is calculated to be 5.5552.
Shares Statistics:
According to the various share statistics, SDIG traded on average about 1.28M shares per day over the past 3-months and 898.07k shares per day over the past 10 days. A total of 7.88M shares are outstanding, with a floating share count of 6.59M. Insiders hold about 16.34% of the company’s shares, while institutions hold 24.38% 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
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.98 for the current quarter, with a high estimate of -$0.49 and a low estimate of -$1.55, while EPS last year was -$7.4. The consensus estimate for the next quarter is $0, with high estimates of $0.02 and low estimates of -$0.03.
Analysts are recommending an EPS of between -$7.43 and -$11.03 for the fiscal current year, implying an average EPS of -$9.23. EPS for the following year is -$1.09, with 3 analysts recommending between -$0.52 and -$2.06.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $22.21M. It ranges from a high estimate of $24.4M to a low estimate of $20.5M. As of the current estimate, Stronghold Digital Mining Inc’s year-ago sales were $23.41M, an estimated decrease of -5.10% from the year-ago figure. For the next quarter, 1 analysts are estimating revenue of $32.85M, an increase of 90.30% over than the figure of -$5.10% in the same quarter last year. There is a high estimate of $32.85M for the next quarter, whereas the lowest estimate is $32.85M.
A total of 3 analysts have provided revenue estimates for SDIG’s current fiscal year. The highest revenue estimate was $77.7M, while the lowest revenue estimate was $73.7M, resulting in an average revenue estimate of $75.46M. In the same quarter a year ago, actual revenue was $106.03M, down -28.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $100.37M in the next fiscal year. The high estimate is $119.4M and the low estimate is $66.2M. The average revenue growth estimate for next year is up 33.00% from the average revenue estimate for this year.
