NASDAQ:SDIG Stronghold Digital Mining (SDIG) Stock Forecast, Price & News $5.22 -0.12 (-2.25%) (As of 06/6/2023 ET) Add Compare Share Share Today's Range$5.05▼$5.6350-Day Range$5.22▼$11.3052-Week Range$4.00▼$37.90Volume159,908 shsAverage Volume174,560 shsMarket Capitalization$35.03 millionP/E RatioN/ADividend YieldN/APrice Target$19.58 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Stronghold Digital Mining MarketRank™ ForecastAnalyst RatingHold2.40 Rating ScoreUpside/Downside275.2% Upside$19.58 Price TargetShort InterestHealthy6.32% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews SentimentN/AInsider TradingAcquiring Shares$1 M Bought Last QuarterProj. Earnings GrowthGrowingFrom ($3.50) to ($0.80) Per ShareSee Full Details Hide Full Details 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 starsBusiness Services Sector126th out of 324 stocksData Processing & Preparation Industry18th out of 61 stocks 3.2 Analyst's Opinion Consensus RatingStronghold Digital Mining has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.58, Stronghold Digital Mining has a forecasted upside of 275.2% from its current price of $5.22.Amount of Analyst CoverageStronghold Digital Mining has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted6.32% of the float of Stronghold Digital Mining has been sold short.Short Interest Ratio / Days to CoverStronghold Digital Mining has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Stronghold Digital Mining has recently decreased by 15.63%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldStronghold Digital Mining does not currently pay a dividend.Dividend GrowthStronghold Digital Mining does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SDIG. Previous Next 0.8 News and Social Media Coverage News SentimentStronghold Digital Mining has a news sentiment score of -0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Business Services companies.News Coverage This WeekMarketBeat has tracked 1 news article for Stronghold Digital Mining this week, compared to 2 articles on an average week.Search InterestOnly 14 people have searched for SDIG on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Stronghold Digital Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -90% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Stronghold Digital Mining insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,000,000.00 in company stock and sold $0.00 in company stock.Percentage Held by Insiders47.55% of the stock of Stronghold Digital Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 12.37% of the stock of Stronghold Digital Mining is held by institutions. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Stronghold Digital Mining are expected to grow in the coming year, from ($3.50) to ($0.80) per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Stronghold Digital Mining is -0.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Stronghold Digital Mining is -0.15, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioStronghold Digital Mining has a P/B Ratio of 0.20. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Stronghold Digital Mining (NASDAQ:SDIG) StockStronghold 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.Read More Receive SDIG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Stronghold Digital Mining and its competitors with MarketBeat's FREE daily newsletter. Email Address SDIG Stock News HeadlinesMay 31, 2023 | finance.yahoo.comBitcoin miners have averted a tax crisis for now, but the threat still looms for the ‘energy-hungry crypto kings’May 30, 2023 | finance.yahoo.comStronghold Digital Mining Reaches Hash Rate Milestone of 3.0 EH/sJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS 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!May 16, 2023 | finanznachrichten.deStronghold Digital Mining, Inc.: Stronghold Digital Mining Announces Reverse Stock SplitMay 15, 2023 | finance.yahoo.comStronghold Digital Mining Announces Reverse Stock SplitMay 12, 2023 | msn.comStronghold Digital Mining: Q1 Earnings InsightsMay 12, 2023 | finance.yahoo.comQ1 2023 Stronghold Digital Mining Inc Earnings CallMay 11, 2023 | finanznachrichten.deStronghold Digital Mining, Inc.: Stronghold Digital Mining Reports First Quarter 2023 Results and Provides Operational UpdateJune 6, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS 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!May 11, 2023 | finance.yahoo.comStronghold Digital Mining Reports First Quarter 2023 Results and Provides Operational UpdateMay 11, 2023 | finance.yahoo.comStronghold Digital Mining, Inc. (SDIG) Reports Q1 Loss, Misses Revenue EstimatesMay 9, 2023 | americanbankingnews.comStronghold Digital Mining (SDIG) Set to Announce Earnings on ThursdayMay 5, 2023 | msn.comThe Latest Analyst Ratings for Stronghold Digital MiningMay 5, 2023 | markets.businessinsider.comAnalysts Conflicted on These Technology Names: Atlassian (TEAM), BigCommerce Holdings (BIGC) and Stronghold Digital Mining (SDIG)May 4, 2023 | msn.comEarnings Preview: Stronghold Digital Mining, Inc. (SDIG) Q1 Earnings Expected to DeclineMay 4, 2023 | finance.yahoo.comStronghold Digital Mining Announces Addition of 400 PH/s through Capital-Efficient Bitcoin Mining Agreement and Comments on Retirement of Co-Chairman William SpenceMay 3, 2023 | finance.yahoo.comHere's Why Stronghold Digital Mining, Inc. (SDIG) Is a Great 'Buy the Bottom' Stock NowApril 28, 2023 | finance.yahoo.comStronghold Digital Mining Sets First Quarter 2023 Earnings Conference Call for Thursday, May 11 at 11:00 a.m. Eastern TimeApril 28, 2023 | americanbankingnews.comFY2024 EPS Estimates for Stronghold Digital Mining, Inc. Raised by B. Riley (NASDAQ:SDIG)April 27, 2023 | finance.yahoo.comFast-paced Momentum Stock Stronghold Digital Mining, Inc. (SDIG) Is Still Trading at a BargainApril 27, 2023 | finance.yahoo.comStronghold Digital Mining, Inc. (SDIG) Upgraded to Strong Buy: What Does It Mean for the Stock?April 27, 2023 | finance.yahoo.comTrade Alert: The Chairman Of Stronghold Digital Mining, Inc. (NASDAQ:SDIG), Gregory Beard, Has Just Spent US$1.0m Buying 33% More SharesApril 27, 2023 | americanbankingnews.comB. Riley Analysts Reduce Earnings Estimates for Stronghold Digital Mining, Inc. (NASDAQ:SDIG)April 26, 2023 | benzinga.comThinking about buying stock in Marathon Digital, Stronghold Digital Mining, Riot Platforms, Extreme Networks, or Coinbase Global?April 26, 2023 | americanbankingnews.comGregory A. Beard Acquires 1,000,000 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) StockApril 21, 2023 | finance.yahoo.comStronghold Digital Mining Closes $10 Million Private Placement and Announces Addition of 600 PH/s through the Purchase of 5,000 MicroBT Whatsminer M50 Bitcoin MinersApril 21, 2023 | finance.yahoo.comStronghold Digital Mining Announces $10 Million Private Placement to Fund Purchase of Bitcoin MinersSee More Headlines SDIG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SDIG Company Calendar Last Earnings3/29/2023Today6/06/2023Next Earnings (Estimated)8/15/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorBusiness Services Current SymbolNASDAQ:SDIG CUSIPN/A CIK1856028 Webwww.strongholddigitalmining.com Phone845-579-5992FaxN/AEmployees2,021Year FoundedN/APrice 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 RatingHold Rating Score (0-4)2.40 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)($34.80) Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/ANet Income$-89,260,000.00 Net Margins-110.35% Pretax Margin-221.49% Return on Equity-12.39% Return on Assets-3.98% Debt Debt-to-Equity Ratio0.71 Current Ratio0.77 Quick Ratio0.60 Sales & Book Value Annual Sales$106.03 million Price / Sales0.33 Cash Flow$13.38 per share Price / Cash Flow0.39 Book Value$26.18 per share Price / Book0.20Miscellaneous Outstanding Shares6,710,000Free Float3,519,000Market Cap$35.03 million OptionableNot Optionable Beta2.43 Key ExecutivesMr. Gregory A. Beard (Age 51)Pres, CEO & Co-Chairman Comp: $230.77kMr. Matthew Jared Smith (Age 45)CFO & Director Mr. Charles D. TalcottDirector of Fin. & OperationsRobert G. Lovett Jr.VP of Legal & ComplianceKey CompetitorsDigihost TechnologyNASDAQ:DGHIGlory Star New Media GroupNASDAQ:GSMGBIT MiningNYSE:BTCMSAI.TECH GlobalNASDAQ:SAILytus Technologies Holdings PTV.NASDAQ:LYTView All CompetitorsInsiders & InstitutionsB. Riley Wealth Advisors Inc.Bought 5,000 shares on 5/17/2023Ownership: 0.611%Susquehanna International Group LLPSold 3,900 shares on 5/16/2023Ownership: 0.000%Renaissance Technologies LLCBought 92,500 shares on 5/12/2023Ownership: 0.187%Virtu Financial LLCBought 64,242 shares on 5/1/2023Ownership: 0.096%Simplex Trading LLCSold 1,700 shares on 4/27/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Stronghold Digital Mining, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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