B. Riley Has Bullish Estimate for SDIG FY2025 Earnings

Stronghold Digital Mining, Inc. (NASDAQ:SDIG - Free Report) - B. Riley lifted their FY2025 earnings estimates for Stronghold Digital Mining in a report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of ($0.82) for the year, up from their prior forecast of ($0.91). B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Stronghold Digital Mining's current full-year earnings is ($1.95) per share.

Stronghold Digital Mining Stock Performance

SDIG stock traded down $0.28 during midday trading on Monday, hitting $3.82. The company's stock had a trading volume of 516,173 shares, compared to its average volume of 904,256. The stock has a market cap of $65.87 million, a price-to-earnings ratio of -1.03 and a beta of 2.92. The stock's 50-day moving average price is $4.94 and its 200 day moving average price is $4.35. The company has a quick ratio of 0.21, a current ratio of 0.27 and a debt-to-equity ratio of 1.73. Stronghold Digital Mining has a 1 year low of $1.65 and a 1 year high of $11.56.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in shares of Stronghold Digital Mining in the second quarter valued at $130,000. State Street Corp increased its position in shares of Stronghold Digital Mining by 122.3% during the third quarter. State Street Corp now owns 57,630 shares of the company's stock valued at $291,000 after buying an additional 31,700 shares during the period. Thomist Capital Management LP purchased a new stake in shares of Stronghold Digital Mining in the second quarter worth about $485,000. Geode Capital Management LLC boosted its position in shares of Stronghold Digital Mining by 83.0% in the third quarter. Geode Capital Management LLC now owns 168,124 shares of the company's stock valued at $849,000 after acquiring an additional 76,260 shares during the period. Finally, K2 Principal Fund L.P. bought a new stake in Stronghold Digital Mining during the third quarter valued at $882,000. 19.33% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stronghold Digital Mining

In related news, CEO Gregory A. Beard sold 15,259 shares of Stronghold Digital Mining stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $4.06, for a total value of $61,951.54. Following the completion of the sale, the chief executive officer now owns 391,437 shares of the company's stock, valued at approximately $1,589,234.22. This trade represents a 3.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 15,615 shares of company stock worth $63,630 over the last three months. 21.14% of the stock is currently owned by insiders.

Stronghold Digital Mining Company Profile

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.