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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stronghold Digital Mining in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SDIG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SDIG, but not buy additional shares or sell existing shares.
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5 analysts have issued 1 year price objectives for Stronghold Digital Mining's stock. Their SDIG share price forecasts range from $10.00 to $22.50. On average, they predict the company's share price to reach $19.58 in the next year. This suggests a possible upside of 275.2% from the stock's current price.
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Stronghold Digital Mining's stock was trading at $4.7910 at the start of the year. Since then, SDIG stock has increased by 9.0% and is now trading at $5.22.
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Stronghold Digital Mining saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 211,000 shares, a drop of 15.6% from the April 30th total of 250,100 shares. Based on an average daily trading volume, of 156,100 shares, the days-to-cover ratio is currently 1.4 days. Currently, 6.3% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 15th 2023.
View our SDIG earnings forecast.

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) posted its quarterly earnings data on Wednesday, March, 29th. The company reported $1.60 earnings per share for the quarter, topping the consensus estimate of ($4.90) by $6.50. The company earned $23.41 million during the quarter, compared to analyst estimates of $21.70 million. Stronghold Digital Mining had a negative trailing twelve-month return on equity of 12.39% and a negative net margin of 110.35%.

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

Stronghold Digital Mining's stock 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 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.

Stronghold Digital Mining updated its fourth quarter 2022 earnings guidance on Wednesday, March, 22nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $23.00 million-$23.00 million, compared to the consensus revenue estimate of $19.96 million.

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

Stronghold Digital Mining trades on the NASDAQ under the ticker symbol "SDIG."

Stronghold Digital Mining's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (0.19%), Virtu Financial LLC (0.10%), AE Wealth Management LLC (0.08%), B. Riley Wealth Advisors Inc. (0.61%), Susquehanna International Group LLP (0.00%) and Simplex Trading LLC (0.00%).
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Shares of SDIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SDIG stock can currently be purchased for approximately $5.22.

Stronghold Digital Mining (NASDAQ:SDIG) has a market capitalization of $35.03 million and generates $106.03 million in revenue each year. The company earns $-89,260,000.00 in net income (profit) each year or ($34.80) on an earnings per share basis.

The company employs 2,021 workers across the globe.

The official website for the company is www.strongholddigitalmining.com. The company can be reached via phone at 845-579-5992 or via email at sdig@gatewayir.com.