In the past week, SDIG stock has gone up by 63.23%, with a monthly decline of -11.86% and a quarterly plunge of -31.58%. The volatility ratio for the week is 25.99%, and the volatility levels for the last 30 days are 14.14% for Stronghold Digital Mining Inc The simple moving average for the past 20 days is 7.63% for SDIG’s stock, with a -31.14% simple moving average for the past 200 days.
Is It Worth Investing in Stronghold Digital Mining Inc (NASDAQ: SDIG) Right Now?
The stock has a 36-month beta value of 2.78. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SDIG is 10.62M, and at present, short sellers hold a 3.30% of that float. On April 23, 2024, the average trading volume of SDIG was 646.51K shares.
SDIG) stock’s latest price update
The stock price of Stronghold Digital Mining Inc (NASDAQ: SDIG) has jumped by 35.32 compared to previous close of 2.69. Despite this, the company has seen a gain of 63.23% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-28 that Riot Platforms (RIOT), Stronghold (SDIG) and HIVE Digital (HIVE) are three Bitcoin mining stocks that must be tracked as the scheduled April halving approaches.
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 18, 2022 of the previous year 2022.
SDIG Trading at -13.85% 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 -68.89% of loss for the given period.
Volatility was left at 14.14%, however, over the last 30 days, the volatility rate increased by 25.99%, as shares sank -8.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -31.32% lower at present.
During the last 5 trading sessions, SDIG rose by +63.23%, which changed the moving average for the period of 200-days by -41.00% in comparison to the 20-day moving average, which settled at $3.37. In addition, Stronghold Digital Mining Inc saw -50.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SDIG starting from Beard Gregory A, who sale 13,811 shares at the price of $2.38 back on Apr 15 ’24. After this action, Beard Gregory A now owns 374,003 shares of Stronghold Digital Mining Inc, valued at $32,818 using the latest closing price.
Smith Matthew J., the Chief Financial Officer of Stronghold Digital Mining Inc, sale 166 shares at $4.04 during a trade that took place back on Mar 20 ’24, which means that Smith Matthew J. is holding 174,446 shares at $670 based on the most recent closing price.
Stock Fundamentals for SDIG
Current profitability levels for the company are sitting at:
- -0.79 for the present operating margin
- 0.38 for the gross margin
The net margin for Stronghold Digital Mining Inc stands at -1.41. The total capital return value is set at -0.42. Equity return is now at value -90.04, with -36.49 for asset returns.
Based on Stronghold Digital Mining Inc (SDIG), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at -1.92. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is -5.99.
Currently, EBITDA for the company is -17.84 million with net debt to EBITDA at -3.0. When we switch over and look at the enterprise to sales, we see a ratio of 1.33. The receivables turnover for the company is 124.05for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
To sum up, Stronghold Digital Mining Inc (SDIG) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
