In today’s recent session, 0.74 million shares of the Stronghold Digital Mining Inc (NASDAQ:SDIG) have been traded, and its beta is 2.64. Most recently the company’s share price was $4.09, and it changed around $0.45 or 12.36% from the last close, which brings the market valuation of the company to $51.74M. SDIG at last check was trading at a discount to its 52-week high of $11.60, offering almost -183.62% off that amount. The share price’s 52-week low was $1.65, which indicates that the recent value has risen by an impressive 59.66% since then. We note from Stronghold Digital Mining Inc’s average daily trading volume that its 3-month average coming to 648.04K.
Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information
Instantly SDIG has been showing a green trend so far today with a performance of 12.36% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently down -43.97% year-to-date, but still up 80.97% over the last five days. On the other hand, Stronghold Digital Mining Inc (NASDAQ:SDIG) is 3.02% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $8.5, which translates to bulls needing to increase their stock price by 51.88% from its current value. Analyst projections state that SDIG is forecast to be at a low of $8.5 and a high of $8.5.
Stronghold Digital Mining Inc (SDIG) estimates and forecasts
Stronghold Digital Mining Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -2.62 percent over the past six months and at a 34.27% annual growth rate that is well above the industry average of 10.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 96.60% in revenue this quarter, and will report an increase of 72.60% in the next quarter. The year-over-year growth rate is expected to be 32.70%, up from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $29.01 million in revenue for the current quarter. 3 analysts expect Stronghold Digital Mining Inc to make $23.27 million in revenue for the quarter ending Jun 2024. The company’s sales for the same quarters a year ago were $17.27 million. Analysts predict that the company’s current quarter sales will jump, forecast at 68.00%. Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -68.53%.
