Shares Of Stronghold Digital Mining Inc (NASDAQ: SDIG) Decreased By -15.72% In A Month

Stronghold Digital Mining Inc (NASDAQ:SDIG) has a beta value of 3.00 and has seen 99083.0 shares traded in the last trading session. The SDIG stock price is -100.0% off its 52-week high price of $6.70 and 50.75% above the 52-week low of $1.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.14 million shares traded. The 3-month trading volume is 464.06K shares.

The consensus among analysts is that Stronghold Digital Mining Inc (SDIG) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 2 advising it as a Buy. 0 have rated the stock as Underweight.

Stronghold Digital Mining Inc (NASDAQ:SDIG) trade information

Over the past 30 days, the shares of Stronghold Digital Mining Inc (NASDAQ:SDIG) have changed -15.72%. Short interest in the company has seen 0.67 million shares shorted with days to cover at 1.66.

Wall Street analysts have a consensus price target for the stock at $6.25, which means that the shares’ value could jump 46.4% from current levels. The projected low price target is $4.0 while the price target rests at a high of $8.5. In that case, then, we find that the current price level is -153.73% off the targeted high while a plunge would see the stock gain -19.4% from current levels.

Stronghold Digital Mining Inc (SDIG) estimates and forecasts

The company’s shares have gained 21.60% over the past 6 months. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -68.53% over the past 5 years.

SDIG Dividends

Stronghold Digital Mining Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

Insiders own 10.22% of the company shares, while shares held by institutions stand at 67.27% with a share float percentage of 74.93%. Investors are also buoyed by the number of investors in a company, with Stronghold Digital Mining Inc having a total of 57.0 institutions that hold shares in the company.

Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Global X Fds-Global X Blockchain ETF. As of Sep 30, 2024, the former fund manager holds about 2.45% shares in the company for having 366.83 shares of worth $1.23 million while later fund manager owns 162.32 shares of worth $0.54 million as of Nov 30, 2024, which makes it owner of about 1.09% of company’s outstanding stock.