The 36-month beta value for SDIG is at 2.95. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for SDIG is 12.40M, and currently, shorts hold a 4.78% of that float. The average trading volume for SDIG on November 21, 2024 was 1.54M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
SDIG) stock’s latest price update
Stronghold Digital Mining Inc (NASDAQ: SDIG) has seen a decline in its stock price by -5.67 in relation to its previous close of 5.15. However, the company has experienced a -5.85% decline in its stock price over the last five trading sessions. zacks.com reported 2024-11-13 that Stronghold Digital Mining, Inc. (SDIG) came out with a quarterly loss of $1.12 per share versus the Zacks Consensus Estimate of a loss of $0.62. This compares to loss of $0.05 per share a year ago.
SDIG’s Market Performance
Stronghold Digital Mining Inc (SDIG) has experienced a -5.85% fall in stock performance for the past week, with a 4.93% rise in the past month, and a -10.37% drop in the past quarter. The volatility ratio for the week is 9.91%, and the volatility levels for the past 30 days are at 10.11% for SDIG. The simple moving average for the past 20 days is -5.63% for SDIG’s stock, with a 19.68% simple moving average for the past 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 0.72% 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 -57.97% of loss for the given period.
Volatility was left at 10.11%, however, over the last 30 days, the volatility rate increased by 9.91%, as shares surge +2.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.46% upper at present.
During the last 5 trading sessions, SDIG fell by -6.40%, which changed the moving average for the period of 200-days by +4.77% in comparison to the 20-day moving average, which settled at $5.15. In addition, Stronghold Digital Mining Inc saw -33.45% 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 Shaffer Richard J., who sale 27 shares at the price of $5.16 back on Oct 30 ’24. After this action, Shaffer Richard J. now owns 23,916 shares of Stronghold Digital Mining Inc, valued at $139 using the latest closing price.
Smith Matthew J., the Chief Financial Officer of Stronghold Digital Mining Inc, sale 98 shares at $5.66 during a trade that took place back on Oct 29 ’24, which means that Smith Matthew J. is holding 159,500 shares at $555 based on the most recent closing price.
Stock Fundamentals for SDIG
Current profitability levels for the company are sitting at:
- -0.62 for the present operating margin
- 0.11 for the gross margin
The net margin for Stronghold Digital Mining Inc stands at -0.63. The total capital return value is set at -0.53. Equity return is now at value -90.72, with -31.77 for asset returns.
Based on Stronghold Digital Mining Inc (SDIG), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 159.37. The debt to equity ratio resting at 2.74. The interest coverage ratio of the stock is -5.39.
Currently, EBITDA for the company is -56.51 million with net debt to EBITDA at -2.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 64.09for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.27.
Conclusion
In conclusion, Stronghold Digital Mining Inc (SDIG) has had a mixed 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.
