NASDAQ:SDIG

Stronghold Digital Mining - SDIG Stock Forecast, Price & News

$0.50

-0.03 (-5.19%)

(As of 12/9/2022 12:54 PM ET)

Add

Compare

Today's Range: $0.50
▼
$0.54
50-Day Range: $0.51
▼
$1.17
52-Week Range: $0.50
▼
$18.42

Volume: 1,705 shs
Average Volume: 590,478 shs
Market Capitalization: $25.88 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $2.50

Stronghold Digital Mining MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 391.5% Upside
$2.50 Price Target
Short Interest: Bearish
21.37% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.92
Based on 8 Articles This Week
Insider Trading: Acquiring Shares
$999,999 Bought Last Quarter
Proj. Earnings Growth: Decreasing
From ($0.68) to ($0.96) Per Share

Overall MarketRank^™

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

1.90 out of 5 stars

Business Services Sector

242nd out of 320 stocks

Data Processing & Preparation Industry

53rd out of 69 stocks

3.3

Analyst's Opinion

Consensus Rating
Stronghold Digital Mining has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 4 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $2.50, Stronghold Digital Mining has a forecasted upside of 391.5% from its current price of $0.51.
Amount of Analyst Coverage
Stronghold Digital Mining has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
21.37% of the float of Stronghold Digital Mining has been sold short.
Short Interest Ratio / Days to Cover
Stronghold Digital Mining has a short interest ratio ("days to cover") of 5.6.
Change versus previous month
Short interest in Stronghold Digital Mining has recently increased by 9.48%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Stronghold Digital Mining does not currently pay a dividend.
Dividend Growth
Stronghold Digital Mining does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SDIG.

2.7

News and Social Media Coverage

News Sentiment
Stronghold Digital Mining has a news sentiment score of 0.92. 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 higher news sentiment than the 0.46 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Stronghold Digital Mining this week, compared to 1 article on an average week.
Search Interest
Only 14 people have searched for SDIG on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Stronghold Digital Mining to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Stronghold Digital Mining insiders have bought more of their company's stock than they have sold. Specifically, they have bought $999,999.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
56.93% 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 Institutions
Only 12.37% of the stock of Stronghold Digital Mining is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Stronghold Digital Mining are expected to decrease in the coming year, from ($0.68) to ($0.96) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Stronghold Digital Mining is -0.16, 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. Sector
The P/E ratio of Stronghold Digital Mining is -0.16, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

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.

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.

SDIG Stock News Headlines

December 9, 2022 | americanbankingnews.com

Head-To-Head Contrast: CarGurus (NASDAQ:CARG) and Stronghold Digital Mining (NASDAQ:SDIG)

December 8, 2022 | americanbankingnews.com

Head to Head Review: Five9 (NASDAQ:FIVN) vs. Stronghold Digital Mining (NASDAQ:SDIG)

December 8, 2022 | americanbankingnews.com

Head-To-Head Analysis: Stronghold Digital Mining (NASDAQ:SDIG) vs. EVmo (OTCMKTS:YAYO)

December 6, 2022 | americanbankingnews.com

Research Analysts Issue Forecasts for Stronghold Digital Mining, Inc.'s Q4 2022 Earnings (NASDAQ:SDIG)

November 29, 2022 | americanbankingnews.com

Analysts Set Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Target Price at $2.50

November 16, 2022 | finance.yahoo.com

Stronghold Digital Mining Third Quarter 2022 Earnings: EPS Misses Expectations

November 9, 2022 | seekingalpha.com

Stronghold Digital Mining, Inc. (SDIG) Q3 2022 Earnings Call Transcript

November 9, 2022 | finance.yahoo.com

Stronghold Digital Mining, Inc. (SDIG) Reports Q3 Loss, Lags Revenue Estimates

November 9, 2022 | finance.yahoo.com

Stronghold Digital Mining Reports Third Quarter 2022 Results and Provides Operational Update and Initial 2023 Guidance

November 8, 2022 | benzinga.com

Earnings Outlook For Stronghold Digital Mining

November 3, 2022 | finance.yahoo.com

Stronghold Digital Mining Sets Third Quarter 2022 Earnings Conference Call for Wednesday, November 9 at 5:00 p.m. Eastern Time

November 1, 2022 | finance.yahoo.com

Stronghold Digital Mining Announces Extinguishment of Debt and Closing of Previously Announced WhiteHawk Restructuring

October 25, 2022 | markets.businessinsider.com

Analyst Ratings for Stronghold Digital Mining

October 14, 2022 | finance.yahoo.com

Stronghold Digital Mining Provides Update on Previously Announced Debt Reduction and Favorable Mutual Termination of Northern Data Hosting Agreement

October 11, 2022 | seekingalpha.com

SDIG Stronghold Digital Mining, Inc.

October 7, 2022 | markets.businessinsider.com

4 Analysts Have This to Say About Stronghold Digital Mining

September 13, 2022 | finance.yahoo.com

Stronghold Digital Mining Announces $9 Million Private Placement; Additional Details on Improved Efficiency and Cost Reduction Program

August 18, 2022 | msn.com

How Is The Market Feeling About Stronghold Digital Mining?

August 17, 2022 | finance.yahoo.com

Bitcoin Miner Stronghold Digital Significantly Restructures Debt

August 17, 2022 | finance.yahoo.com

Bitcoin Miner Stronghold Gives Back 26,200 Rigs to Reduce Debt

August 16, 2022 | msn.com

Bitcoin Miner Stronghold Digital in Debt Restructuring Negotiations With Lenders

August 16, 2022 | finance.yahoo.com

Stronghold Digital Mining Reschedules Second Quarter 2022 Earnings Conference Call for Tuesday, August 16 at 4:30 p.m. Eastern Time

August 16, 2022 | finance.yahoo.com

Stronghold Digital Mining Reschedules Second Quarter 2022 Earnings Conference Call for Tuesday, August 16 at 12:00 p.m. Eastern Time

August 12, 2022 | marketwatch.com

CryptoNewsBreaks - Stronghold Digital Mining Inc. (NASDAQ: SDIG) Reschedules Q2 2022 Earnings Call

August 11, 2022 | finance.yahoo.com

Stronghold Digital Mining Reschedules Second Quarter 2022 Earnings Conference Call for Monday, August 15 at 5:00 p.m. Eastern Time

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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.

SDIG Company Calendar

Last Earnings: 11/09/2022
Today: 12/09/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 4/04/2023

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Data processing & preparation
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:SDIG
CUSIP: N/A
CIK: 1856028
Web: www.strongholddigitalmining.com
Phone: 212-967-5294
Fax: N/A
Employees: 2,021
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $2.50
High Stock Price Forecast: $3.00
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +395.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.27)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-11,210,000.00
Net Margins: -69.77%
Pretax Margin: -165.85%
Return on Equity: -51.87%
Return on Assets: -2.86%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 0.50
Quick Ratio: 0.48

Sales & Book Value

Annual Sales: $30.92 million
Price / Sales: 0.84
Cash Flow: $0.28 per share
Price / Cash Flow: 1.82
Book Value: ($4.84) per share
Price / Book: -0.10

Miscellaneous

Outstanding Shares: 51,340,000
Free Float: 22,113,000
Market Cap: $25.88 million
Optionable: Not Optionable
Beta: 1.96

Key Executives

Mr. Gregory A. Beard (Age 50)
Pres, CEO & Co-Chairman
Comp: $230.77k

Mr. Matthew Jared Smith (Age 44)
CFO & Director

Mr. Charles D. Talcott
Director of Fin. & Operations

Robert G. Lovett Jr.
VP of Legal & Compliance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SDIG Stock - Frequently Asked Questions

Should I buy or sell Stronghold Digital Mining stock right now?: 6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Stronghold Digital Mining in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SDIG shares.
View SDIG analyst ratings or view top-rated stocks.
What is Stronghold Digital Mining's stock price forecast for 2023?: 6 brokers have issued 1-year price objectives for Stronghold Digital Mining's stock. Their SDIG share price forecasts range from $2.00 to $3.00. On average, they predict the company's stock price to reach $2.50 in the next twelve months. This suggests a possible upside of 370.2% 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 2022?: Stronghold Digital Mining's stock was trading at $12.85 at the start of the year. Since then, SDIG shares have decreased by 95.9% and is now trading at $0.5317.
View the best growth stocks for 2022 here.
When is Stronghold Digital Mining's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 4th 2023.
View our SDIG earnings forecast.
How were Stronghold Digital Mining's earnings last quarter?: Stronghold Digital Mining, Inc. (NASDAQ:SDIG) announced its earnings results on Wednesday, November, 9th. The company reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of ($0.36) by $0.08. The firm had revenue of $24.75 million for the quarter, compared to analysts' expectations of $24.79 million. Stronghold Digital Mining had a negative trailing twelve-month return on equity of 51.87% and a negative net margin of 69.77%.
What guidance has Stronghold Digital Mining issued on next quarter's earnings?: Stronghold Digital Mining issued an update on its FY 2023 earnings guidance on Friday, December, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $108.00 million-$114.00 million, compared to the consensus revenue estimate of $141.45 million.

When did Stronghold Digital Mining IPO?: (SDIG) raised $114 million in an IPO on Wednesday, October 20th 2021. The company issued 6,687,305 shares at $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 variety of institutional and retail investors. Top institutional investors include Armistice Capital LLC (4.71%), Vanguard Group Inc. (1.05%), Neuberger Berman Group LLC (0.20%), Citadel Advisors LLC (0.00%), State Street Corp (0.15%) and Laidlaw Wealth Management LLC (0.12%).
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 $0.53.
How much money does Stronghold Digital Mining make?: Stronghold Digital Mining (NASDAQ:SDIG) has a market capitalization of $27.30 million and generates $30.92 million in revenue each year. The company earns $-11,210,000.00 in net income (profit) each year or ($3.27) 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 212-967-5294 or via email at sdig@gatewayir.com.

This page (NASDAQ:SDIG) was last updated on 12/9/2022 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

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. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial