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Is Stronghold Digital Mining Inc.’s (NASDAQ: SDIG) -5.77% Loss This Week Telling Us Something New?

During the last session, Stronghold Digital Mining Inc. (NASDAQ:SDIG)’s traded shares were 1.13 million. At the end of the trading day, the stock’s price was $2.45, reflecting an intraday gain of 7.46% or $0.17. The 52-week high for the SDIG share is $35.79, that puts it down -1360.82 from that peak though still a striking 40.41% gain since the share price plummeted to a 52-week low of $1.46. The company’s market capitalization is $122.40M, and the average intraday trading volume over the past 10 days was 15.46 million shares, and the average trade volume was 3.00 million shares over the past three months.

Stronghold Digital Mining Inc. (SDIG) received a consensus recommendation of a Buy from analysts. That translates to a mean rating of 1.70. SDIG has a Sell rating from 0 analyst(s) out of 5 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.21.

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Stronghold Digital Mining Inc. (NASDAQ:SDIG) trade information

Stronghold Digital Mining Inc. (SDIG) registered a 7.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 7.46% in intraday trading to $2.45 this Wednesday, 08/03/22, hitting a weekly high. The stock’s 5-day price performance is -5.77%, and it has moved by 36.87% in 30 days. The short interest in Stronghold Digital Mining Inc. (NASDAQ:SDIG) is 1.91 million shares and it means that shorts have 2.71 day(s) to cover.

The consensus price target of analysts on Wall Street is $7.40, which implies an increase of 66.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $5.00 and $10.00 respectively. As a result, SDIG is trading at a discount of -308.16% off the target high and -104.08% off the low.

Stronghold Digital Mining Inc. (SDIG) estimates and forecasts

Statistics show that Stronghold Digital Mining Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Stronghold Digital Mining Inc. (SDIG) shares have gone down -73.48% during the last six months, with a year-to-date growth rate more than the industry average at 42.86% against 12.60. In the rating firms’ projections, revenue will increase 441.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $34.86 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $38.63 million by the end of Sep 2022.

While earnings are projected to return 138.40% in 2022.

SDIG Dividends

Stronghold Digital Mining Inc. is due to release its next quarterly earnings on November 30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Stronghold Digital Mining Inc. (NASDAQ:SDIG)’s Major holders

Stronghold Digital Mining Inc. insiders own 3.81% of total outstanding shares while institutional holders control 44.88%, with the float percentage being 46.66%. Hound Partners, LLC is the largest shareholder of the company, while 107 institutions own stock in it. As of Mar 30, 2022, the company held over 1.37 million shares (or 6.82% of all shares), a total value of $7.99 million in shares.

The next largest institutional holding, with 1.18 million shares, is of Toroso Investments, LLC’s that is approximately 5.91% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $6.92 million.

Also, the Mutual Funds coming in first place with the largest holdings of Stronghold Digital Mining Inc. (SDIG) shares are Amplify Transformational Data Sharing ETF and Columbia Fds Ser Tr I-Columbia Small Cap Growth Fd I. Data provided on Apr 29, 2022 indicates that Amplify Transformational Data Sharing ETF owns about 1.15 million shares. This amounts to just over 5.75 percent of the company’s overall shares, with a $4.49 million market value. The same data shows that the other fund manager holds slightly less at 0.52 million, or about 2.58% of the stock, which is worth about $1.67 million.

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