Stronghold Digital Mining Inc (NASDAQ: SDIG) Stock Forecast For 2024: Increases Growth Prospects To $9 Per Share

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In the last trading session, 1.35 million Stronghold Digital Mining Inc (NASDAQ:SDIG) shares changed hands as the company’s beta touched 2.73. With the company’s per share price at $2.23 changed hands at -$0.92 or -29.21% during last session, the market valuation stood at $28.21M. SDIG’s last price was a discount, traded about -460.54% off its 52-week high of $12.50. The share price had its 52-week low at $3.15, which suggests the last value was -41.26% down since then. When we look at Stronghold Digital Mining Inc’s average trading volume, we note the 3-month average coming to 660.94K.

Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information

Instantly SDIG was in red as seen at the end of in last trading. With action -37.01%, the performance over the past five days has been red. The drop to weekly highs of 3.66 subtracted -29.21% to the stock’s daily price. The company’s shares are showing year-to-date downside of -69.45%, with the 5-day performance at -37.01% in the red. However, in the 30-day time frame, Stronghold Digital Mining Inc (NASDAQ:SDIG) is -42.38% down.

Stronghold Digital Mining Inc (SDIG) estimates and forecasts

Data shows that the Stronghold Digital Mining Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -45.87% over the past 6 months, a 34.27% in annual growth rate that is considerably higher than the industry average of 10.90%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -68.53%. The 2024 estimates are for Stronghold Digital Mining Inc earnings to increase by 87.76%.

SDIG Dividends

Stronghold Digital Mining Inc is expected to release its next quarterly earnings report in May.