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NASDAQ:SDIG

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

$4.64
-0.07 (-1.49%)
(As of 02/23/2024 ET)
Today's Range
$4.49
$4.79
50-Day Range
$4.28
$11.31
52-Week Range
$3.46
$12.50
Volume
498,548 shs
Average Volume
1.16 million shs
Market Capitalization
$48.12 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$12.83

Stronghold Digital Mining MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
176.6% Upside
$12.83 Price Target
Short Interest
Healthy
4.01% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.63mentions of Stronghold Digital Mining in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$485,761 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($5.81) to ($1.37) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.67 out of 5 stars

Finance Sector

381st out of 844 stocks

Nondepository Credit Institutions Industry

10th out of 46 stocks


SDIG stock logo

About Stronghold Digital Mining Stock (NASDAQ:SDIG)

Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. It also engages in the operation of coal refuse power generation facilities. The company was incorporated in 2021 and is headquartered in New York, New York.

SDIG Stock Price History

SDIG Stock News Headlines

The Retirement of Your Dreams Awaits You…
Imagine it's 2025 and you have the financial freedom to pursue any of your biggest goals. All of this because YOU decided to take action in 2024. The Bitcoin Halving in 2024 could change your life forever...And the strategies outlined in the Crypto Retirement Blueprint will give you what you need to be able to crush the upcoming halving cycle bull run, and potentially retire quickly in wealth.
The Retirement of Your Dreams Awaits You…
Imagine it's 2025 and you have the financial freedom to pursue any of your biggest goals. All of this because YOU decided to take action in 2024. The Bitcoin Halving in 2024 could change your life forever...And the strategies outlined in the Crypto Retirement Blueprint will give you what you need to be able to crush the upcoming halving cycle bull run, and potentially retire quickly in wealth.
Top Stock Picks for Week of January 8, 2024
Bull Of The Day: Stronghold Digital Mining (SDIG)
Stronghold Enters into Private Placement
Stronghold Enters Into $15 Million Private Placement
Stronghold Digital Mining Inc Class A SDIG
Crypto: Bitcoin's 2023 recovery driven by ETF optimism
Stronghold Announces November 2023 Bitcoin Mining Update
See More Headlines
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Company Calendar

Last Earnings
11/30/2021
Today
2/23/2024
Next Earnings (Estimated)
4/03/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:SDIG
Fax
N/A
Employees
168
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$12.83
High Stock Price Target
$23.50
Low Stock Price Target
$7.00
Potential Upside/Downside
+176.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$-89,260,000.00
Net Margins
-106.91%
Pretax Margin
-167.12%

Debt

Sales & Book Value

Annual Sales
$106.03 million
Cash Flow
$14.09 per share
Book Value
$26.18 per share

Miscellaneous

Free Float
5,438,000
Market Cap
$48.22 million
Optionable
Not Optionable
Beta
2.77
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SDIG Stock Analysis - Frequently Asked Questions

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

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Stronghold Digital Mining in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street 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 target for 2024?

2 analysts have issued 1-year price targets for Stronghold Digital Mining's stock. Their SDIG share price targets range from $7.00 to $23.50. On average, they anticipate the company's stock price to reach $12.83 in the next twelve months. This suggests a possible upside of 176.6% 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 2024?

Stronghold Digital Mining's stock was trading at $7.30 at the beginning of the year. Since then, SDIG stock has decreased by 36.4% and is now trading at $4.64.
View the best growth stocks for 2024 here
.

Are investors shorting Stronghold Digital Mining?

Stronghold Digital Mining saw a decrease in short interest in January. As of January 31st, there was short interest totaling 272,700 shares, a decrease of 69.5% from the January 15th total of 893,000 shares. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is presently 0.2 days. Approximately 4.0% of the company's shares are short sold.
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 Wednesday, April 3rd 2024.
View our SDIG earnings forecast
.

How were Stronghold Digital Mining's earnings last quarter?

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) posted its earnings results on Tuesday, November, 30th. The company reported ($60.50) EPS for the quarter, missing the consensus estimate of ($1.60) by $58.90. The company earned $6.02 million during the quarter, compared to analysts' expectations of $6.60 million. Stronghold Digital Mining had a negative net margin of 106.91% and a negative trailing twelve-month return on equity of 17.90%.

What ETF holds Stronghold Digital Mining's stock ?

Valkyrie Bitcoin Miners ETF holds 24,255 shares of SDIG stock, representing 0.91% of its portfolio.

When did Stronghold Digital Mining's stock split?

Stronghold Digital Mining's stock reverse split 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 closing bell 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.

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.

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 investors include Armistice Capital LLC (9.64%), Vanguard Group Inc. (2.82%), Vident Advisory LLC (0.68%), Nomura Holdings Inc. (0.53%), Barclays PLC (0.33%) and GSA Capital Partners LLP (0.20%). Insiders that own company stock include Gregory A Beard, Matthew J Smith, Richard J Shaffer and William B Spence.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SDIG) was last updated on 2/23/2024 by MarketBeat.com Staff