Should I buy or sell Stronghold Digital Mining stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stronghold Digital Mining in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SDIG shares. View SDIG analyst ratings or view top-rated stocks .

What is Stronghold Digital Mining's stock price target for 2024?

2 brokers have issued 1 year target prices for Stronghold Digital Mining's shares. Their SDIG share price targets range from $7.00 to $8.50. On average, they anticipate the company's stock price to reach $7.83 in the next twelve months. This suggests a possible upside of 191.2% from the stock's current price. View analysts price targets for SDIG or view top-rated stocks among Wall Street analysts .

How have SDIG shares performed in 2024?

Stronghold Digital Mining's stock was trading at $7.30 on January 1st, 2024. Since then, SDIG shares have decreased by 63.2% and is now trading at $2.69. View the best growth stocks for 2024 here .

Are investors shorting Stronghold Digital Mining?

Stronghold Digital Mining saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 350,100 shares, an increase of 116.0% from the March 15th total of 162,100 shares. Based on an average daily volume of 807,100 shares, the short-interest ratio is currently 0.4 days. Approximately 3.3% of the company's stock are sold short. View Stronghold Digital Mining's Short Interest .

When is Stronghold Digital Mining's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our SDIG earnings forecast .

How were Stronghold Digital Mining's earnings last quarter?

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) announced its quarterly earnings data on Wednesday, March, 6th. The company reported ($1.12) earnings per share for the quarter, topping analysts' consensus estimates of ($1.22) by $0.10. The company earned $21.74 million during the quarter, compared to analysts' expectations of $22.45 million. Stronghold Digital Mining had a positive trailing twelve-month return on equity of 10.70% and a negative net margin of 40.57%.

What ETFs hold Stronghold Digital Mining's stock?

ETFs with the largest weight of Stronghold Digital Mining (NASDAQ:SDIG) stock in their portfolio include Invesco Alerian Galaxy Crypto Economy ETF (SATO) . Valkyrie Bitcoin Miners ETF (WGMI) .

When did Stronghold Digital Mining's stock split?

Stronghold Digital Mining's stock reverse split on Tuesday, May 16th 2023. The 1-10 reverse split was announced on Tuesday, May 16th 2023. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, May 16th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

When did Stronghold Digital Mining IPO?

Stronghold Digital Mining (SDIG) raised $114 million in an initial public offering on Wednesday, October 20th 2021. The company issued 6,687,305 shares at $16.00-$18.00 per share.

How do I buy shares of Stronghold Digital Mining?

Shares of SDIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:SDIG

Stronghold Digital Mining (SDIG) Stock Price, News & Analysis

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Free SDIG Stock Alerts

$2.69

0.00 (0.00%)

(As of 04/19/2024 ET)

Compare

Today's Range: $2.62
▼
$3.18
50-Day Range: $2.23
▼
$6.32
52-Week Range: $1.65
▼
$11.70

Volume: 635,716 shs
Average Volume: 850,262 shs
Market Capitalization: $40.48 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.83

Get Stronghold Digital Mining alerts:

Stronghold Digital Mining MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 191.2% Upside
$7.83 Price Target
Short Interest: Healthy
3.29% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.43
Based on 6 Articles This Week
Insider Trading: Selling Shares
$315,507 Sold Last Quarter
Proj. Earnings Growth: Growing
From ($0.94) to ($0.73) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.97 out of 5 stars

Finance Sector

515th out of 845 stocks

Nondepository Credit Institutions Industry

17th out of 45 stocks

3.5

Analyst's Opinion

Consensus Rating
Stronghold Digital Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Stronghold Digital Mining has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.29% of the float of Stronghold Digital Mining has been sold short.
Short Interest Ratio / Days to Cover
Stronghold Digital Mining has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Stronghold Digital Mining has recently increased by 115.98%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Stronghold Digital Mining does not currently pay a dividend.
Dividend Growth
Stronghold Digital Mining does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SDIG.

2.5

News and Social Media Coverage

News Sentiment
Stronghold Digital Mining has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.59 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Stronghold Digital Mining this week, compared to 1 article on an average week.
Search Interest
Only 6 people have searched for SDIG on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
5 people have added Stronghold Digital Mining to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Stronghold Digital Mining insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $315,507.00 in company stock.
Percentage Held by Insiders
47.55% of the stock of Stronghold Digital Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 19.33% of the stock of Stronghold Digital Mining is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Stronghold Digital Mining are expected to grow in the coming year, from ($0.94) to ($0.73) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Stronghold Digital Mining is -0.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Stronghold Digital Mining is -0.23, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Stronghold Digital Mining has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Stronghold Digital Mining Stock (NASDAQ:SDIG)

Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services. The company was incorporated in 2021 and is headquartered in New York, New York.

SDIG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SDIG Stock News Headlines

April 18, 2024 | insidertrades.com

Insider Selling: Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Sells 13,811 Shares of Stock

March 20, 2024 | insidertrades.com

Insider Selling: Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CFO Sells 8,510 Shares of Stock

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April 19, 2024 | americanbankingnews.com

Gregory A. Beard Sells 13,811 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

April 18, 2024 | investing.com

Stronghold Digital CEO sells $32.8k in company stock

April 17, 2024 | msn.com

Stronghold Digital Mining (SDIG) Price Target Decreased by 36.49% to 7.99

April 15, 2024 | americanbankingnews.com

Contrasting Stronghold Digital Mining (NASDAQ:SDIG) and Prestige Wealth (NASDAQ:PWM)

April 12, 2024 | msn.com

Stronghold Digital Mining files for $250M mixed securities shelf

April 20, 2024 | Crypto Swap Profits (Ad)

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April 12, 2024 | americanbankingnews.com

Lufax (NYSE:LU) versus Stronghold Digital Mining (NASDAQ:SDIG) Financial Analysis

April 11, 2024 | americanbankingnews.com

Compass Point Lowers Stronghold Digital Mining (NASDAQ:SDIG) Price Target to $8.50

April 10, 2024 | investing.com

Stronghold Digital Mining sees revenue jump in March

April 10, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Runway Growth Finance Corp (RWAY) and Stronghold Digital Mining (SDIG)

April 9, 2024 | msn.com

Biggest stock movers today: Crypto stocks, FSLY, and more

April 9, 2024 | finanznachrichten.de

Stronghold Digital Mining, Inc.: Stronghold Provides March 2024 Bitcoin Mining and Operational Update

April 9, 2024 | globenewswire.com

Stronghold Provides March 2024 Bitcoin Mining and Operational Update

March 31, 2024 | msn.com

Insiders Are Dumping These 12 Financial Stocks

March 27, 2024 | ca.finance.yahoo.com

Crypto miner, Pennsylvania hit with lawsuit over pollution from bitcoin mine

March 22, 2024 | msn.com

3 Bitcoin Stocks With 51% or More Upside Potential

March 19, 2024 | finance.yahoo.com

Stronghold Digital Mining Inc CEO and 10% Owner Gregory Beard Sells 35,896 Shares

March 17, 2024 | finance.yahoo.com

SDIG Apr 2024 2.500 call

March 12, 2024 | msn.com

Bitcoin sets a new record: Price soars above the $71,000 mark

March 8, 2024 | seekingalpha.com

Stronghold Digital Mining, Inc. (SDIG) Q4 2023 Earnings Call Transcript

March 7, 2024 | finance.yahoo.com

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Q4 2023 Earnings Call Transcript

March 7, 2024 | finance.yahoo.com

Q4 2023 Stronghold Digital Mining Inc Earnings Call

March 6, 2024 | finanznachrichten.de

Stronghold Digital Mining, Inc.: Stronghold Announces Fourth Quarter 2023 Operating and Financial Results

March 6, 2024 | msn.com

Stronghold Digital Mining Q4 2023 Earnings Preview

See More Headlines

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Company Calendar

Last Earnings: 3/06/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Nondepository credit institutions
Sub-Industry: N/A
Current Symbol: NASDAQ:SDIG
CUSIP: N/A
CIK: 1856028
Web: www.strongholddigitalmining.com
Phone: 845-579-5992
Fax: N/A
Employees: 111
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.83
High Stock Price Target: $8.50
Low Stock Price Target: $7.00
Potential Upside/Downside: +191.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($11.57)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-71,400,000.00
Net Margins: -40.57%
Pretax Margin: -135.83%
Return on Equity: 10.70%
Return on Assets: 4.09%

Debt

Debt-to-Equity Ratio: 1.11
Current Ratio: 0.50
Quick Ratio: 0.38

Sales & Book Value

Annual Sales: $74.97 million
Price / Sales: 0.54
Cash Flow: $2.64 per share
Price / Cash Flow: 1.02
Book Value: $3.90 per share
Price / Book: 0.69

Miscellaneous

Outstanding Shares: 15,050,000
Free Float: 7,894,000
Market Cap: $40.48 million
Optionable: Optionable
Beta: 2.67

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Key Executives

Mr. Gregory A. Beard (Age 52)
Chairman, CEO & President
Comp: $493.62k
Mr. Matthew Jared Smith (Age 45)
CFO & Director
Comp: $677.15k
Mr. Charles D. Talcott
Director of Finance & Operations
Robert G. Lovett Jr.
Vice President of Legal & Compliance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SDIG Stock Analysis - Frequently Asked Questions

Should I buy or sell Stronghold Digital Mining stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stronghold Digital Mining in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SDIG shares.
View SDIG analyst ratings or view top-rated stocks.
What is Stronghold Digital Mining's stock price target for 2024?: 2 brokers have issued 1 year target prices for Stronghold Digital Mining's shares. Their SDIG share price targets range from $7.00 to $8.50. On average, they anticipate the company's stock price to reach $7.83 in the next twelve months. This suggests a possible upside of 191.2% from the stock's current price.
View analysts price targets for SDIG or view top-rated stocks among Wall Street analysts.
How have SDIG shares performed in 2024?: Stronghold Digital Mining's stock was trading at $7.30 on January 1st, 2024. Since then, SDIG shares have decreased by 63.2% and is now trading at $2.69.
View the best growth stocks for 2024 here.
Are investors shorting Stronghold Digital Mining?: Stronghold Digital Mining saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 350,100 shares, an increase of 116.0% from the March 15th total of 162,100 shares. Based on an average daily volume of 807,100 shares, the short-interest ratio is currently 0.4 days. Approximately 3.3% of the company's stock are sold short.
View Stronghold Digital Mining's Short Interest.
When is Stronghold Digital Mining's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our SDIG earnings forecast.
How were Stronghold Digital Mining's earnings last quarter?: Stronghold Digital Mining, Inc. (NASDAQ:SDIG) announced its quarterly earnings data on Wednesday, March, 6th. The company reported ($1.12) earnings per share for the quarter, topping analysts' consensus estimates of ($1.22) by $0.10. The company earned $21.74 million during the quarter, compared to analysts' expectations of $22.45 million. Stronghold Digital Mining had a positive trailing twelve-month return on equity of 10.70% and a negative net margin of 40.57%.

What ETFs hold Stronghold Digital Mining's stock?: ETFs with the largest weight of Stronghold Digital Mining (NASDAQ:SDIG) stock in their portfolio include Invesco Alerian Galaxy Crypto Economy ETF (SATO).Valkyrie Bitcoin Miners ETF (WGMI).
When did Stronghold Digital Mining's stock split?: Stronghold Digital Mining's stock reverse split on Tuesday, May 16th 2023. The 1-10 reverse split was announced on Tuesday, May 16th 2023. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, May 16th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.
When did Stronghold Digital Mining IPO?: Stronghold Digital Mining (SDIG) raised $114 million in an initial public offering on Wednesday, October 20th 2021. The company issued 6,687,305 shares at $16.00-$18.00 per share.
How do I buy shares of Stronghold Digital Mining?: Shares of SDIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SDIG) was last updated on 4/20/2024 by MarketBeat.com Staff

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