During the last session, Stronghold Digital Mining Inc (NASDAQ:SDIG)’s traded shares were 0.49 million, with the beta value of the company hitting 2.92. At the end of the trading day, the stock’s price was $5.04, reflecting an intraday gain of 2.86% or $0.14. The 52-week high for the SDIG share is $11.56, that puts it down -129.37 from that peak though still a striking 67.26% gain since the share price plummeted to a 52-week low of $1.65. The company’s market capitalization is $86.90M, and the average intraday trading volume over the past 10 days was 0.91 million shares, and the average trade volume was 621.81K 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 1.67. 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.
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Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information
Stronghold Digital Mining Inc (SDIG) registered a 2.86% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.86% in intraday trading to $5.04, hitting a weekly high. The stock’s 5-day price performance is -4.91%, and it has moved by 6.78% in 30 days. Based on these gigs, the overall price performance for the year is 25.69%. The short interest in Stronghold Digital Mining Inc (NASDAQ:SDIG) is 0.59 million shares and it means that shorts have 1.46 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.25, which implies an increase of 19.36% 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 -68.65% off the target high and 20.63% 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 64.71% during the last six months, with a year-to-date growth rate less than the industry average at -36.36% against 8.60.
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 71.22% in 2024.
SDIG Dividends
Stronghold Digital Mining Inc is due to release its next quarterly earnings in December. 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 4.91% of total outstanding shares while institutional holders control 31.48%, with the float percentage being 33.11%.
Also, the Mutual Funds coming in first place with the largest holdings of Stronghold Digital Mining Inc (SDIG) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 317.83 shares. This amounts to just over 2.14 percent of the company’s overall shares, with a $1.6 million market value. The same data shows that the other fund manager holds slightly less at 109.49, or about 0.74% of the stock, which is worth about $0.55 million.
