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NASDAQ:SDIG

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

$5.22
-0.12 (-2.25%)
(As of 06/6/2023 ET)
Compare
Today's Range
$5.05
$5.63
50-Day Range
$5.22
$11.30
52-Week Range
$4.00
$37.90
Volume
159,908 shs
Average Volume
174,560 shs
Market Capitalization
$35.03 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.58

Stronghold Digital Mining MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
275.2% Upside
$19.58 Price Target
Short Interest
Healthy
6.32% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
$1 M Bought Last Quarter
Proj. Earnings Growth
Growing
From ($3.50) to ($0.80) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Business Services Sector

126th out of 324 stocks

Data Processing & Preparation Industry

18th out of 61 stocks


SDIG stock logo

About Stronghold Digital Mining (NASDAQ:SDIG) Stock

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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SDIG Stock News Headlines

[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
Q1 2023 Stronghold Digital Mining Inc Earnings Call
[BREAKING] New "Living Missile" to Replace Nuclear Missiles
CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!
See More Headlines

SDIG Price History

SDIG Company Calendar

Last Earnings
3/29/2023
Today
6/06/2023
Next Earnings (Estimated)
8/15/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:SDIG
Fax
N/A
Employees
2,021
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.58
High Stock Price Forecast
$22.50
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+275.2%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
5 Analysts

Profitability

Net Income
$-89,260,000.00
Net Margins
-110.35%
Pretax Margin
-221.49%

Debt

Sales & Book Value

Annual Sales
$106.03 million
Cash Flow
$13.38 per share
Book Value
$26.18 per share

Miscellaneous

Free Float
3,519,000
Market Cap
$35.03 million
Optionable
Not Optionable
Beta
2.43

Key Executives

  • Mr. Gregory A. Beard (Age 51)
    Pres, CEO & Co-Chairman
    Comp: $230.77k
  • Mr. Matthew Jared Smith (Age 45)
    CFO & Director
  • Mr. Charles D. Talcott
    Director of Fin. & Operations
  • Robert G. Lovett Jr.
    VP of Legal & Compliance













SDIG Stock - Frequently Asked Questions

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

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.
View SDIG analyst ratings
or view top-rated stocks.

What is Stronghold Digital Mining's stock price forecast for 2023?

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.
View analysts price targets for SDIG
or view top-rated stocks among Wall Street analysts.

How have SDIG shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Stronghold Digital Mining?

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.
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 Tuesday, August 15th 2023.
View our SDIG earnings forecast
.

How were Stronghold Digital Mining's earnings last quarter?

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%.

What ETFs hold Stronghold Digital Mining's stock?

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

When did Stronghold Digital Mining's stock split?

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.

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

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.

When did Stronghold Digital Mining IPO?

(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.

What is Stronghold Digital Mining's stock symbol?

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

Who are Stronghold Digital Mining's major shareholders?

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%).
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Stronghold Digital Mining's stock price today?

One share of SDIG stock can currently be purchased for approximately $5.22.

How much money does Stronghold Digital Mining make?

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.

How many employees does Stronghold Digital Mining have?

The company employs 2,021 workers across the globe.

How can I contact Stronghold Digital Mining?

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.

This page (NASDAQ:SDIG) was last updated on 6/6/2023 by MarketBeat.com Staff

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