In the latest trading session, 50.51 million Stronghold Digital Mining Inc (NASDAQ:SDIG) shares changed hands as the company’s beta touched 2.81. With the company’s most recent per share price at $4.89 changing hands around $1.96 or 66.89% at last look, the market valuation stands at $70.81M. SDIG’s current price is a discount, trading about -136.4% off its 52-week high of $11.56. The share price had its 52-week low at $1.65, which suggests the last value was 66.26% up since then. When we look at Stronghold Digital Mining Inc’s average trading volume, we note the 10-day average is 0.5 million shares, with the 3-month average coming to 592.41K.
Analysts gave the Stronghold Digital Mining Inc (SDIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.00. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SDIG as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information
Instantly SDIG is in green as seen in intraday trades today. With action 77.49%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -33.02%, with the 5-day performance at 77.49% in the green. However, in the 30-day time frame, Stronghold Digital Mining Inc (NASDAQ:SDIG) is 27.34% up. Looking at the short shares, we see there were 0.58 million shares sold at short interest cover period of 0.94 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.25, meaning bulls need an upside of 21.76% from its recent market value. According to analyst projections, SDIG’s forecast low is 4 with 8.5 as the target high. To hit the forecast high, the stock’s price needs a -73.82% plunge from its current level, while the stock would need to tank 18.2% for it to hit the projected low.
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 0.62% over the past 6 months, a 41.96% in annual growth rate that is considerably higher than the industry average of 7.80%.
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 81.37%.
SDIG Dividends
Stronghold Digital Mining Inc is expected to release its next quarterly earnings report on 2024-Nov-12.
Stronghold Digital Mining Inc (NASDAQ:SDIG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.62% of Stronghold Digital Mining Inc shares while 19.66% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 21.28%.
Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF. With 211.91 shares estimated at $1.05 million under it, the former controlled 1.46% of total outstanding shares. On the other hand, Valkyrie ETF Tr II-Valkyrie Bitcoin Miners ETF held about 0.77% of the shares, roughly 112.23 shares worth around $0.56 million.
