Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Expected to Announce Earnings of -$0.02 Per Share

Wall Street analysts predict that Stronghold Digital Mining, Inc. (NASDAQ:SDIGGet Rating) will post earnings per share of ($0.02) for the current quarter, Zacks reports. Two analysts have provided estimates for Stronghold Digital Mining’s earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at $0.24. The firm is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Stronghold Digital Mining will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.77) to $0.87. For the next financial year, analysts forecast that the business will report earnings of $0.85 per share, with EPS estimates ranging from ($0.21) to $2.08. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Stronghold Digital Mining.

Stronghold Digital Mining (NASDAQ:SDIGGet Rating) last announced its earnings results on Tuesday, March 29th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. The company had revenue of $17.01 million for the quarter, compared to analyst estimates of $16.71 million.

SDIG has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Stronghold Digital Mining from a “sell” rating to a “hold” rating in a report on Thursday. Cowen dropped their target price on shares of Stronghold Digital Mining from $22.00 to $11.00 in a report on Wednesday, March 30th. B. Riley dropped their target price on shares of Stronghold Digital Mining from $16.00 to $13.00 in a report on Tuesday, May 17th. Northland Securities lowered their price objective on shares of Stronghold Digital Mining from $15.00 to $7.00 in a report on Tuesday, May 17th. Finally, Compass Point reduced their target price on shares of Stronghold Digital Mining to $16.00 and set a “neutral” rating for the company in a report on Thursday, May 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $11.75.

SDIG stock traded up $0.14 during mid-day trading on Thursday, hitting $3.00. 391,403 shares of the company were exchanged, compared to its average volume of 797,501. The company has a debt-to-equity ratio of 8.61, a quick ratio of 0.56 and a current ratio of 0.41. The firm’s 50 day simple moving average is $4.84 and its 200 day simple moving average is $10.71. Stronghold Digital Mining has a 1-year low of $1.87 and a 1-year high of $35.79.

A number of large investors have recently modified their holdings of SDIG. Hound Partners LLC bought a new stake in Stronghold Digital Mining during the 4th quarter worth about $20,748,000. Miller Value Partners LLC bought a new stake in Stronghold Digital Mining during the 4th quarter worth about $8,936,000. Toroso Investments LLC lifted its position in Stronghold Digital Mining by 130.6% during the 1st quarter. Toroso Investments LLC now owns 1,183,354 shares of the company’s stock worth $6,923,000 after buying an additional 670,252 shares in the last quarter. Cooper Creek Partners Management LLC bought a new stake in Stronghold Digital Mining during the 4th quarter worth about $7,904,000. Finally, Lonestar Capital Management LLC bought a new stake in shares of Stronghold Digital Mining in the 4th quarter valued at about $7,402,000. 27.81% of the stock is currently owned by hedge funds and other institutional investors.

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 facilities. The company was incorporated in 2021 and is headquartered in New York, New York.

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Earnings History and Estimates for Stronghold Digital Mining (NASDAQ:SDIG)

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