During the last session, Stronghold Digital Mining Inc (NASDAQ:SDIG)’s traded shares were 0.31 million, with the beta value of the company hitting 2.93. At the end of the trading day, the stock’s price was $4.32, reflecting an intraday gain of 6.02% or $0.25. The 52-week high for the SDIG share is $11.56, that puts it down -167.59 from that peak though still a striking 61.81% gain since the share price plummeted to a 52-week low of $1.65. The company’s market capitalization is $62.48M, and the average intraday trading volume over the past 10 days was 0.33 million shares, and the average trade volume was 1.54 million shares over the past three months.

Stronghold Digital Mining Inc (SDIG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. SDIG has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 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 -0.62.

Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information

Stronghold Digital Mining Inc (SDIG) registered a 6.02% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 6.02% in intraday trading to $4.32, hitting a weekly high. The stock’s 5-day price performance is -7.40%, and it has moved by -5.79% in 30 days. Based on these gigs, the overall price performance for the year is 3.23%. The short interest in Stronghold Digital Mining Inc (NASDAQ:SDIG) is 0.64 million shares and it means that shorts have 1.17 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.25, which implies an increase of 30.88% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4 and $8.5 respectively. As a result, SDIG is trading at a discount of -96.76% off the target high and 7.41% off the low.

Stronghold Digital Mining Inc (SDIG) estimates and forecasts

Statistics show that Stronghold Digital Mining Inc has underperformed its competitors in share price, compared to the industry in which it operates. Stronghold Digital Mining Inc (SDIG) shares have gone up 36.98% during the last six months, with a year-to-date growth rate less than the industry average at -44.76% against 8.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 72.60% this quarter and then drop -261.80% in the quarter after that. In the rating firms’ projections, revenue will increase 5.80% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 16.15M as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 16.6M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 17.73M and 21.74M respectively. In this case, analysts expect current quarter sales to shrink by -8.90% and then drop by -23.60% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -68.53%. While earnings are projected to return 75.38% in 2024.

SDIG Dividends

Stronghold Digital Mining Inc is due to release its next quarterly earnings on 2024-Nov-12. 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 5.04% of total outstanding shares while institutional holders control 29.57%, with the float percentage being 31.14%.