Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Expected to Announce Quarterly Sales of $32.80 Million

Wall Street brokerages forecast that Stronghold Digital Mining, Inc. (NASDAQ:SDIG – Get Rating) will post $32.80 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Stronghold Digital Mining’s earnings, with estimates ranging from $26.09 million to $39.50 million. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Stronghold Digital Mining will report full-year sales of $192.27 million for the current financial year, with estimates ranging from $184.74 million to $199.80 million. For the next fiscal year, analysts anticipate that the firm will post sales of $268.81 million, with estimates ranging from $255.02 million to $282.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Stronghold Digital Mining.

Stronghold Digital Mining (NASDAQ:SDIG – Get Rating) last released its quarterly earnings data on Tuesday, March 29th. The company reported ($0.52) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.55).

A number of equities analysts recently issued reports on the stock. Compass Point increased their target price on shares of Stronghold Digital Mining from $35.00 to $41.00 and gave the company a “buy” rating in a research report on Tuesday, March 8th. B. Riley decreased their target price on shares of Stronghold Digital Mining from $43.00 to $22.00 in a research report on Wednesday, March 30th. Cowen decreased their target price on shares of Stronghold Digital Mining from $22.00 to $11.00 in a research report on Wednesday, March 30th. Zacks Investment Research upgraded shares of Stronghold Digital Mining from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Northland Securities decreased their target price on shares of Stronghold Digital Mining from $20.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, March 30th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Stronghold Digital Mining currently has a consensus rating of “Buy” and an average target price of $22.25.

Several large investors have recently bought and sold shares of SDIG. California State Teachers Retirement System purchased a new stake in Stronghold Digital Mining during the fourth quarter valued at about $52,000. Rockefeller Capital Management L.P. purchased a new stake in Stronghold Digital Mining during the fourth quarter valued at about $55,000. Deutsche Bank AG purchased a new stake in Stronghold Digital Mining during the fourth quarter valued at about $58,000. Wells Fargo & Company MN purchased a new stake in Stronghold Digital Mining during the fourth quarter valued at about $68,000. Finally, JPMorgan Chase & Co. purchased a new stake in Stronghold Digital Mining during the fourth quarter valued at about $95,000. Institutional investors own 10.42% of the company’s stock.

Shares of SDIG opened at $4.84 on Friday. The firm has a 50-day moving average of $9.28. Stronghold Digital Mining has a 52-week low of $4.57 and a 52-week high of $35.79.

About Stronghold Digital Mining (Get Rating)

Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facility. The company was incorporated in 2021 and is headquartered in New York, New York.

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