NASDAQ:SDIG

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

$3.36
+0.16 (+5.00%)
(As of 05/3/2024 ET)
Today's Range
$3.19
$3.44
50-Day Range
$2.23
$5.22
52-Week Range
$1.65
$11.56
Volume
266,725 shs
Average Volume
486,911 shs
Market Capitalization
$51.44 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$7.83

Stronghold Digital Mining MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
133.1% Upside
$7.83 Price Target
Short Interest
Healthy
3.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.04mentions of Stronghold Digital Mining in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$218,162 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.

3.03 out of 5 stars

Finance Sector

514th out of 874 stocks

Nondepository Credit Institutions Industry

18th out of 48 stocks

SDIG stock logo

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

SDIG Stock News Headlines

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See More Headlines
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Company Calendar

Last Earnings
3/06/2024
Today
5/04/2024
Next Earnings (Estimated)
8/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:SDIG
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
+133.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-71,400,000.00
Pretax Margin
-135.83%

Debt

Sales & Book Value

Annual Sales
$74.97 million
Cash Flow
$2.45 per share
Book Value
$3.90 per share

Miscellaneous

Free Float
8,028,000
Market Cap
$51.44 million
Optionable
Optionable
Beta
2.70
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SDIG Stock Analysis - Frequently Asked Questions

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

2 Wall Street 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 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 Wall Street research analysts have issued 1 year price objectives for Stronghold Digital Mining's stock. 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 133.1% 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 at the beginning of 2024. Since then, SDIG stock has decreased by 54.0% and is now trading at $3.36.
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 trading volume, of 807,100 shares, the days-to-cover ratio is currently 0.4 days. Currently, 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, August 8th 2024.
View our SDIG earnings forecast
.

How were Stronghold Digital Mining's earnings last quarter?

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) announced its earnings results on Wednesday, March, 6th. The company reported ($1.12) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.22) by $0.10. The company earned $21.74 million during the quarter, compared to the consensus estimate of $22.45 million. Stronghold Digital Mining had a net margin of 3.58% and a trailing twelve-month return on equity of 26.91%.

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?

Shares of Stronghold Digital Mining reverse split before market open 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 closing bell 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.

What guidance has Stronghold Digital Mining issued on next quarter's earnings?

Stronghold Digital Mining updated its first quarter 2024 earnings guidance on Thursday, April, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $27.5 million-$27.5 million, compared to the consensus revenue estimate of $29.0 million.

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 5/5/2024 by MarketBeat.com Staff

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