The 36-month beta value for SDIG is at 2.84. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SDIG is 10.93M, and currently, shorts hold a 2.52% of that float. The average trading volume for SDIG on June 25, 2024 was 450.58K shares.
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SDIG) stock’s latest price update
The stock of Stronghold Digital Mining Inc (NASDAQ: SDIG) has increased by 12.88 when compared to last closing price of 4.58.Despite this, the company has seen a gain of 28.29% in its stock price over the last five trading days. globenewswire.com reported 2024-06-07 that NEW YORK, June 07, 2024 (GLOBE NEWSWIRE) — Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold” or the “Company”) today provided the following updates regarding its operations and financial performance:
SDIG’s Market Performance
SDIG’s stock has risen by 28.29% in the past week, with a monthly rise of 80.77% and a quarterly rise of 27.65%. The volatility ratio for the week is 16.58% while the volatility levels for the last 30 days are 13.48% for Stronghold Digital Mining Inc The simple moving average for the last 20 days is 44.66% for SDIG’s stock, with a simple moving average of 16.20% 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 18, 2022 of the previous year 2022.
SDIG Trading at 59.42% 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 -55.28% of loss for the given period.
Volatility was left at 13.48%, however, over the last 30 days, the volatility rate increased by 16.58%, as shares surge +68.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +63.49% upper at present.
During the last 5 trading sessions, SDIG rose by +27.79%, which changed the moving average for the period of 200-days by +10.04% in comparison to the 20-day moving average, which settled at $3.68. In addition, Stronghold Digital Mining Inc saw -29.18% 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 Weber Ryan M, who sale 233 shares at the price of $3.84 back on Jun 17 ’24. After this action, Weber Ryan M now owns 38,539 shares of Stronghold Digital Mining Inc, valued at $894 using the latest closing price.
Smith Matthew J., the Chief Financial Officer of Stronghold Digital Mining Inc, sale 132 shares at $3.29 during a trade that took place back on May 03 ’24, which means that Smith Matthew J. is holding 174,207 shares at $434 based on the most recent closing price.
Stock Fundamentals for SDIG
Current profitability levels for the company are sitting at:
- -0.57 for the present operating margin
- 0.24 for the gross margin
The net margin for Stronghold Digital Mining Inc stands at -0.45. The total capital return value is set at -0.37. Equity return is now at value -44.79, with -21.35 for asset returns.
Based on Stronghold Digital Mining Inc (SDIG), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at -1.34. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 0.02.
Currently, EBITDA for the company is -17.84 million with net debt to EBITDA at -8.89. 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 46.41for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.50.
Conclusion
In conclusion, Stronghold Digital Mining Inc (SDIG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
