In the last trading session, 1.32 million shares of the Stronghold Digital Mining Inc (NASDAQ:SDIG) were traded, and its beta was 2.93. Most recently the company’s share price was $5.34, and it changed around $0.2 or 3.99% from the last close, which brings the market valuation of the company to $77.32M. SDIG currently trades at a discount to its 52-week high of $11.56, offering almost -116.48% off that amount. The share price’s 52-week low was $1.65, which indicates that the current value has risen by an impressive 69.1% since then. We note from Stronghold Digital Mining Inc’s average daily trading volume that its 10-day average is 0.46 million shares, with the 3-month average coming to 1.48 million.

Stronghold Digital Mining Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.33. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended SDIG as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Stronghold Digital Mining Inc is expected to report earnings per share of -0.62 for the current quarter.

Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information

Instantly SDIG has showed a green trend with a performance of 3.99% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.70 on recent trading dayincreased the stock’s daily price by 6.32%. The company’s shares are currently down -26.85% year-to-date, but still up 7.44% over the last five days. On the other hand, Stronghold Digital Mining Inc (NASDAQ:SDIG) is 5.74% up in the 30-day period. We can see from the shorts that 0.7 million shares have been sold at a short interest cover period of 1.71 day(s).

The consensus price target as assigned by Wall Street analysts is $6.25, which translates to bulls needing to increase their stock price by 14.56% from its current value. Analyst projections state that SDIG is forecast to be at a low of $4 and a high of $8.5.

Stronghold Digital Mining Inc (SDIG) estimates and forecasts

Stronghold Digital Mining Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 70.61 percent over the past six months and at a -44.76% annual growth rate that is well below 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 72.60% in revenue this quarter, and will report a decrease of -261.80% in the next quarter. The year-over-year growth rate is expected to be 5.80%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 16.15M in revenue for the current quarter. 2 analysts expect Stronghold Digital Mining Inc to make 16.6M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 17.73M and 21.74M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.90%. Forecasts for the next quarter put sales growth at -23.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -68.53%.

SDIG Dividends

Stronghold Digital Mining Inc’s next quarterly earnings report is expected to be released in November.

Stronghold Digital Mining Inc (NASDAQ:SDIG)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 4.99% of Stronghold Digital Mining Inc shares, and 30.05% of them are in the hands of institutional investors. The stock currently has a share float of 31.63%.