Stronghold Digital Mining Inc. (NASDAQ:SDIG) went down by -5.98% from its latest closing price compared to the recent 1-year high of $35.79. The company’s stock price has collected -25.68% of loss in the last five trading sessions. Barron’s reported on 03/29/22 that Bitcoin’s Climate Impact Is Under New Scrutiny
Is It Worth Investing in Stronghold Digital Mining Inc. (NASDAQ :SDIG) Right Now?
Opinions of the stock are interesting as 6 analysts out of 7 who provided ratings for Stronghold Digital Mining Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $4.68, which is $3.58 above the current price. SDIG currently public float of 19.33M and currently shorts hold a 14.44% ratio of that float. Today, the average trading volume of SDIG was 3.24M shares.
SDIG’s Market Performance
SDIG stocks went down by -25.68% for the week, with a monthly drop of -42.71% and a quarterly performance of -34.52%. The volatility ratio for the week stands at 11.14% while the volatility levels for the past 30 days are set at 10.91% for Stronghold Digital Mining Inc. The simple moving average for the period of the last 20 days is -27.63% for SDIG stocks with a simple moving average of -82.43% for the last 200 days.
Analysts’ Opinion of SDIG
Many brokerage firms have already submitted their reports for SDIG stocks, with Cowen repeating the rating for SDIG by listing it as a “Market Perform.” The predicted price for SDIG in the upcoming period, according to Cowen is $2.25 based on the research report published on August 18th of the current year 2022.
SDIG Trading at -47.59% from the 50-Day Moving Average
After a stumble in the market that brought SDIG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.93% of loss for the given period.
Volatility was left at 10.91%, however, over the last 30 days, the volatility rate increased by 11.14%, as shares sank -43.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.56% lower at present.
During the last 5 trading sessions, SDIG fell by -25.68%, which changed the moving average for the period of 200-days by -93.92% in comparison to the 20-day moving average, which settled at $1.4775. In addition, Stronghold Digital Mining Inc. saw -91.44% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SDIG starting from Beard Gregory A, who purchase 602,409 shares at the price of $1.66 back on Sep 19. After this action, Beard Gregory A now owns 602,409 shares of Stronghold Digital Mining Inc., valued at $999,999 using the latest closing price.
Stock Fundamentals for SDIG
Current profitability levels for the company are sitting at:
- -65.77 for the present operating margin
- -17.39 for the gross margin
The net margin for Stronghold Digital Mining Inc. stands at -36.27. Equity return is now at value -31.20, with -12.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.