Stronghold Digital Mining Inc (NASDAQ:SDIG)’s traded shares stood at 0.46 million during the latest session, with the company’s beta value hitting 2.68. At the last check today, the stock’s price was $4.30, to imply an increase of 11.82% or $0.45 in intraday trading. The SDIG share’s 52-week high remains $12.50, putting it -190.7% down since that peak but still an impressive 19.53% since price per share fell to its 52-week low of $3.46. The company has a valuation of $47.87M, with an average of 0.39 million shares in intraday trading volume over the past 10 days and average of 1.07 million shares over the past 3 months.
Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information
After registering a 11.82% upside in the latest session, Stronghold Digital Mining Inc (SDIG) has traded red over the past five days. The stock hit a weekly high of 4.38, jumping 11.82% in its intraday price action. The 5-day price performance for the stock is 4.24%, and -9.94% over 30 days. With these gigs, the year-to-date price performance is -41.03%. Short interest in Stronghold Digital Mining Inc (NASDAQ:SDIG) saw shorts transact 0.16 million shares and set a 0.21 days time to cover.
Stronghold Digital Mining Inc (SDIG) estimates and forecasts
Looking at statistics comparing Stronghold Digital Mining Inc share performance against respective industry, we note that the company has outperformed competitors. Stronghold Digital Mining Inc (SDIG) shares are 5.00% up over the last 6 months, with its year-to-date growth rate higher than industry average at 34.27% against 11.30%. Revenue is forecast to grow 98.80% this quarter before jumping 81.50% for the next one. The rating firms project that company’s revenue will grow 35.40% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is $30.2 million. Meanwhile, for the quarter ending Jun 2024, a total of 2 analyst(s) estimate revenue growth to $24.85 million.
SDIG Dividends
Stronghold Digital Mining Inc has its next earnings report out between May 09 and May 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Stronghold Digital Mining Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Stronghold Digital Mining Inc (NASDAQ:SDIG)’s Major holders
Stronghold Digital Mining Inc insiders hold 8.75% of total outstanding shares, with institutional holders owning 15.35% of the shares at 16.82% float percentage. In total, 15.35% institutions holds shares in the company, led by Armistice Capital, LLC. As of Dec 30, 2023, the company held over 1.0 million shares (or 7.91% of shares), all amounting to roughly $4.21 million.
The next major institution holding the largest number of shares is Vanguard Group Inc with 0.29 million shares, or about 2.32% of shares outstanding. As of the market price on Dec 30, 2023, these shares were worth $1.23 million.
We also have Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund as the top two Mutual Funds with the largest holdings of the Stronghold Digital Mining Inc (SDIG) shares. Going by data provided on Dec 30, 2023, Vanguard Total Stock Market Index Fund holds roughly 0.1 million shares. This is just over 0.80% of the total shares, with a market valuation of $0.42 million. Data from the same date shows that the other fund manager holds a little less at 80567.0, or 0.64% of the shares, all valued at about 0.34 million.
