In the last trading session, 1.03 million Stronghold Digital Mining Inc (NASDAQ:SDIG) shares changed hands as the company’s beta touched 3.08. With the company’s per share price at $6.57 changed hands at $0.08 or 1.23% during last session, the market valuation stood at $110.96M. SDIG’s last price was a discount, traded about -75.95% 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 74.89% up since then. When we look at Stronghold Digital Mining Inc’s average trading volume, we note the 10-day average is 0.73 million shares, with the 3-month average coming to 1.50 million.
Analysts gave the Stronghold Digital Mining Inc (SDIG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.33. 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. Stronghold Digital Mining Inc’s EPS for the current quarter is expected to be -0.62.
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Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information
Instantly SDIG was in green as seen at the end of in last trading. With action 51.38%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -10.00%, with the 5-day performance at 51.38% in the green. However, in the 30-day time frame, Stronghold Digital Mining Inc (NASDAQ:SDIG) is 50.69% up. Looking at the short shares, we see there were 0.7 million shares sold at short interest cover period of 1.71 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.25, meaning bulls need a downside of -5.12% from its current 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 -29.38% plunge from its current level, while the stock would need to tank 39.12% 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 not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 119.00% over the past 6 months, a -44.76% in annual growth rate that is considerably lower than the industry average of 9.80%. Year-over-year growth is forecast to reach 5.80% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 16.15M. 2 analysts are of the opinion that Stronghold Digital Mining Inc’s revenue for the current quarter will be 16.6M. The company’s revenue for the corresponding quarters a year ago was 17.73M and 21.74M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -8.90%. The estimates for the next quarter sales put growth at -23.60%.
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 75.38%.
SDIG Dividends
Stronghold Digital Mining Inc is expected to release its next quarterly earnings report in December.
Stronghold Digital Mining Inc (NASDAQ:SDIG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.91% of Stronghold Digital Mining Inc shares while 28.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 30.47%.
