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Stronghold Digital Mining Inc (NASDAQ: SDIG) closed the day trading at $3.50 down -4.89% from the previous closing price of $3.68. In other words, the price has decreased by -$4.89 from its previous closing price. On the day, 0.71 million shares were traded. SDIG stock price reached its highest trading level at $3.775 during the session, while it also had its lowest trading level at $3.47.
Ratios:
For a better understanding of SDIG, let’s 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 Dec 24 ’24 when Beard Gregory A sold 49,750 shares for $4.01 per share. The transaction valued at 199,478 led to the insider holds 460,734 shares of the business.
Beard Gregory A sold 14,201 shares of SDIG for $54,674 on Dec 23 ’24. The Chief Executive Officer now owns 446,533 shares after completing the transaction at $3.85 per share. On Dec 23 ’24, another insider, GREGORY ALLAN BEARD, who serves as the Officer of the company, bought 71,000 shares for $3.85 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 51930200 and an Enterprise Value of 127268360. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 2.64. 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 $8.21, while it has fallen to a 52-week low of $1.65. The 50-Day Moving Average of the stock is -28.10%, while the 200-Day Moving Average is calculated to be -13.12%.
Shares Statistics:
Over the past 3-months, SDIG traded about 548.74K shares per day on average, while over the past 10 days, SDIG traded about 469030 shares per day. A total of 14.74M shares are outstanding, with a floating share count of 12.68M. Insiders hold about 14.51% 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 0.86, compared to 1727654400 on 641818. Therefore, it implies a Short% of Shares Outstanding of 592983 and a Short% of Float of 4.33.
