Stronghold Digital Mining Inc (NASDAQ: SDIG) is -34.52% lower on its value in year-to-date trading and has touched a low of $3.46 and a high of $12.50 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SDIG stock was last observed hovering at around $5.22 in the last trading session, with the day’s loss setting it -0.44%.
Currently trading at $4.78, the stock is -6.52% and -19.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing -8.43% at the moment leaves the stock -13.95% off its SMA200. SDIG registered -20.33% loss for a year compared to 6-month gain of -10.82%. The firm has a 50-day simple moving average (SMA 50) of $1.54 and a 200-day simple moving average (SMA200) of -$1.39.
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The stock witnessed a -16.87% loss in the last 1 month and extending the period to 3 months gives it a 14.35%, and is -1.65% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.97% over the week and 10.70% over the month.
Stronghold Digital Mining Inc (SDIG) has around 171 employees, a market worth around $37.67M and $76.63M in sales. Profit margin for the company is -106.92%. Distance from 52-week low is 38.15% and -61.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.59%).
Stronghold Digital Mining Inc quarterly earnings per share for the current quarter are estimated at -$0.98 with sales reaching $22.21M over the same period.The EPS is expected to grow by 76.55% this year, but quarterly earnings will post -28.80% year-over-year. Quarterly sales are estimated to shrink -5.10% in year-over-year returns.
46 institutions hold shares in Stronghold Digital Mining Inc (SDIG), with institutional investors hold 21.89% of the company’s shares. The shares outstanding are 7.88M, and float is at 6.59M with Short Float at 2.96%. Institutions hold 18.90% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 0.11 million shares valued at $0.48 million. The investor’s holdings represent 1.55% of the SDIG Shares outstanding. As of Jun 29, 2023, the second largest holder is Geode Capital Management, LLC with 44319.0 shares valued at $0.19 million to account for 0.60% of the shares outstanding. The other top investors are Blackrock Inc. which holds 30424.0 shares representing 0.41% and valued at over $0.13 million, while Virtu Financial LLC holds 0.28% of the shares totaling 20858.0 with a market value of $87186.0.
Stronghold Digital Mining Inc (SDIG) Insider Activity
A total of 0 insider transactions have happened at Stronghold Digital Mining Inc (SDIG) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by Smith Matthew J., the company’s Chief Financial Officer. SEC filings show that Smith Matthew J. sold 178 shares of the company’s common stock on Feb 22 at a price of $4.88 per share for a total of $869.0. Following the sale, the insider now owns 0.18 million shares.
Stronghold Digital Mining Inc disclosed in a document filed with the SEC on Jan 30 that Smith Matthew J. (Chief Financial Officer) sold a total of 18,322 shares of the company’s common stock. The trade occurred on Jan 30 and was made at $5.33 per share for $97695.0. Following the transaction, the insider now directly holds 0.18 million shares of the SDIG stock.
Still, SEC filings show that on Jan 29, Shaffer Richard J. (Senior Vice President) disposed off 37 shares at an average price of $5.76 for $213.0. The insider now directly holds 29,251 shares of Stronghold Digital Mining Inc (SDIG).
Stronghold Digital Mining Inc (SDIG): Who are the competitors?
One of the company’s main competitors (and peers) include Northern Data AG (NB2) that is trading 216.27% up over the past 12 months.Hut 8 Corp. (HUT) lies in the list of competitors of the Stronghold Digital Mining Inc and is 6.46% higher over the same period from SDIGHIVE Digital Technologies Ltd. (HIVE) is 42.35% up on the 1-year trading charts.
