Stronghold Digital Mining Inc (NASDAQ:SDIG)’s traded shares stood at 0.47 million during the latest session, with the company’s beta value hitting 2.94. At the last check today, the stock’s price was $5.47, to imply an increase of 9.18% or $0.46 in intraday trading. The SDIG share’s 52-week high remains $11.56, putting it -111.33% down since that peak but still an impressive 69.84% since price per share fell to its 52-week low of $1.65. The company has a valuation of $94.32M, with an average of 0.5 million shares in intraday trading volume over the past 10 days and average of 527.14K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Stronghold Digital Mining Inc (SDIG), translating to a mean rating of 1.00. Of 2 analyst(s) looking at the stock, 0 analyst(s) give SDIG a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.
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Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information
After registering a 9.18% upside in the latest session, Stronghold Digital Mining Inc (SDIG) has traded red over the past five days. The 5-day price performance for the stock is 5.19%, and 7.47% over 30 days. With these gigs, the year-to-date price performance is -25.07%. Short interest in Stronghold Digital Mining Inc (NASDAQ:SDIG) saw shorts transact 0.59 million shares and set a 1.46 days time to cover.
The extremes give us $4 and $4 for target low and target high price respectively. As such, SDIG has been trading 26.87% off suggested target high and 26.87% from its likely low.
Stronghold Digital Mining Inc (SDIG) estimates and forecasts
Looking at statistics comparing Stronghold Digital Mining Inc share performance against respective industry, we note that the company has underperformed competitors. Stronghold Digital Mining Inc (SDIG) shares are 52.37% up over the last 6 months, with its year-to-date growth rate lower than industry average at -36.36% against 7.60%. The rating firms project that company’s revenue will shrink -1.29% compared to the previous financial year.
Revenue forecast for the current quarter as set by 1 analysts is 16.3M.
SDIG Dividends
Stronghold Digital Mining Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Stronghold Digital Mining Inc (NASDAQ:SDIG)’s Major holders
Stronghold Digital Mining Inc insiders hold 4.91% of total outstanding shares, with institutional holders owning 31.48% of the shares at 33.11% float percentage. In total, 31.48% institutions holds shares in the company, led by VIMA LLC.