Stronghold Digital Mining (SDIG) Set to Announce Earnings on Thursday

Stronghold Digital Mining (NASDAQ:SDIG - Get Free Report) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Stronghold Digital Mining to post earnings of ($0.09) per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Stronghold Digital Mining (NASDAQ:SDIG - Get Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($1.12) earnings per share for the quarter, beating analysts' consensus estimates of ($1.22) by $0.10. Stronghold Digital Mining had a negative net margin of 40.57% and a positive return on equity of 10.70%. The business had revenue of $21.74 million for the quarter, compared to analyst estimates of $22.45 million. On average, analysts expect Stronghold Digital Mining to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Stronghold Digital Mining Stock Down 8.6 %

Shares of SDIG traded down $0.33 during midday trading on Friday, reaching $3.49. The stock had a trading volume of 397,684 shares, compared to its average volume of 842,059. Stronghold Digital Mining has a 1-year low of $1.65 and a 1-year high of $11.56. The company's fifty day simple moving average is $3.98 and its two-hundred day simple moving average is $4.82. The company has a market cap of $53.43 million, a price-to-earnings ratio of -0.30 and a beta of 2.67. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.50 and a quick ratio of 0.38.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Compass Point reduced their price objective on shares of Stronghold Digital Mining from $22.00 to $8.50 and set a "buy" rating on the stock in a report on Wednesday, April 10th. HC Wainwright reissued a "buy" rating and set a $7.00 price objective on shares of Stronghold Digital Mining in a research report on Thursday, March 7th.

Insider Transactions at Stronghold Digital Mining

In other news, CEO Gregory A. Beard sold 13,811 shares of the firm's stock in a transaction on Monday, April 15th. The shares were sold at an average price of $2.38, for a total value of $32,870.18. Following the completion of the sale, the chief executive officer now owns 374,003 shares in the company, valued at approximately $890,127.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Matthew J. Smith sold 18,322 shares of the firm's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $5.33, for a total value of $97,656.26. Following the completion of the sale, the chief financial officer now owns 183,300 shares in the company, valued at $976,989. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory A. Beard sold 13,811 shares of the firm's stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $2.38, for a total transaction of $32,870.18. Following the completion of the sale, the chief executive officer now owns 374,003 shares of the company's stock, valued at approximately $890,127.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 78,932 shares of company stock worth $315,897. Company insiders own 47.55% of the company's stock.

Stronghold Digital Mining Company Profile

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.