Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG - Get Free Report) traded down 5.5% during trading on Wednesday . The stock traded as low as $3.46 and last traded at $3.46. 135,705 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 355,683 shares. The stock had previously closed at $3.66.
Analyst Upgrades and Downgrades
Separately, B. Riley raised shares of Stronghold Digital Mining from a "hold" rating to a "strong-buy" rating in a research report on Friday, November 15th.
Read Our Latest Analysis on SDIG
Stronghold Digital Mining Trading Down 0.3 %
The company has a current ratio of 0.27, a quick ratio of 0.21 and a debt-to-equity ratio of 1.73. The company's fifty day moving average is $4.12 and its 200-day moving average is $4.29. The firm has a market capitalization of $58.28 million, a P/E ratio of -0.91 and a beta of 2.99.
Insider Buying and Selling
In related news, CEO Gregory A. Beard sold 14,201 shares of the company's stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $3.85, for a total transaction of $54,673.85. Following the completion of the sale, the chief executive officer now directly owns 446,533 shares of the company's stock, valued at approximately $1,719,152.05. This represents a 3.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 30,686 shares of company stock valued at $115,775. Company insiders own 21.14% of the company's stock.
Institutional Trading of Stronghold Digital Mining
Several large investors have recently modified their holdings of SDIG. Soltis Investment Advisors LLC bought a new stake in Stronghold Digital Mining in the 4th quarter valued at $72,000. Geode Capital Management LLC raised its stake in shares of Stronghold Digital Mining by 83.0% in the 3rd quarter. Geode Capital Management LLC now owns 168,124 shares of the company's stock valued at $849,000 after buying an additional 76,260 shares in the last quarter. K2 Principal Fund L.P. acquired a new stake in shares of Stronghold Digital Mining during the 3rd quarter worth about $882,000. Anson Funds Management LP acquired a new stake in shares of Stronghold Digital Mining during the 3rd quarter worth about $2,466,000. Finally, State Street Corp increased its position in shares of Stronghold Digital Mining by 122.3% during the 3rd quarter. State Street Corp now owns 57,630 shares of the company's stock worth $291,000 after purchasing an additional 31,700 shares in the last quarter. 19.33% of the stock is owned by institutional investors.
About Stronghold Digital Mining
(
Get Free Report)
Stronghold Digital Mining, Inc, a crypto asset mining company, focuses on Bitcoin mining in the United States. It operates in two segments, Energy Operations and Cryptocurrency Operations. It also owns and operates coal refuse power generation facilities; and provides environmental remediation and reclamation services.
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