Stronghold Digital Mining (SDIG) Stock Price, News & Analysis

Company Overview

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. The company was incorporated in 2021 and is headquartered in New York, New York.

Key Stats

• Today's Range: $4.68 to $5.11
• 50-Day Range: $4.06 to $6.57
• 52-Week Range: $1.65 to $11.56
• Volume: 487,617 shs
• Average Volume: 748,272 shs
• Market Capitalization: $86.89 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.17
• Consensus Rating: Buy

Stronghold Digital Mining Stock Analysis - MarketRank™

Stronghold Digital Mining scored higher than 49% of companies evaluated by MarketBeat, and ranked 470th out of 922 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Stronghold Digital Mining has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Stronghold Digital Mining has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Stronghold Digital Mining are expected to grow in the coming year, from ($1.95) to ($0.91) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Stronghold Digital Mining is -1.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Stronghold Digital Mining is -1.36, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Stronghold Digital Mining has a P/B Ratio of 4.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.78% of the float of Stronghold Digital Mining has been sold short.

Short Interest Ratio / Days to Cover

Stronghold Digital Mining has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Stronghold Digital Mining has recently decreased by 14.85%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Stronghold Digital Mining does not currently pay a dividend.

Dividend Growth

Stronghold Digital Mining does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.78% of the float of Stronghold Digital Mining has been sold short.

Short Interest Ratio / Days to Cover

Stronghold Digital Mining has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Stronghold Digital Mining has recently decreased by 14.85%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.6 / 5
• News Sentiment: -0.05

News Sentiment

Stronghold Digital Mining has a news sentiment score of -0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.81 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Stronghold Digital Mining this week, compared to 2 articles on an average week.

Search Interest

Only 7 people have searched for SDIG on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

2 people have added Stronghold Digital Mining to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Stronghold Digital Mining insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $316,757.00 in company stock.

Percentage Held by Insiders

21.14% of the stock of Stronghold Digital Mining is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 19.33% of the stock of Stronghold Digital Mining is held by institutions.

SDIG Stock Analysis - Frequently Asked Questions

How have SDIG shares performed this year?

Stronghold Digital Mining's stock was trading at $7.30 at the beginning of 2024. Since then, SDIG stock has decreased by 31.0% and is now trading at $5.04.
View the best growth stocks for 2024 here.

How were Stronghold Digital Mining's earnings last quarter?

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) posted its earnings results on Tuesday, November, 30th. The company reported ($60.50) EPS for the quarter, missing the consensus estimate of ($1.60) by $58.90. The firm earned $6.02 million during the quarter, compared to analysts' expectations of $6.60 million. Stronghold Digital Mining had a positive trailing twelve-month return on equity of 13.67% and a negative net margin of 11.21%.

When did Stronghold Digital Mining's stock split?

Stronghold Digital Mining's stock reverse split on Tuesday, May 16th 2023. The 1-10 reverse split was announced on Tuesday, May 16th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, May 16th 2023. An investor that had 100 shares of stock prior to the reverse split would have 10 shares after the split.

When did Stronghold Digital Mining IPO?

Stronghold Digital Mining (SDIG) raised $114 million in an initial public offering (IPO) on Wednesday, October 20th 2021. The company issued 6,687,305 shares at a price of $16.00-$18.00 per share.

Who are Stronghold Digital Mining's major shareholders?

Top institutional shareholders of Stronghold Digital Mining include Anson Funds Management LP (2.89%), Walleye Capital LLC (1.20%), K2 Principal Fund L.P. (1.03%) and Geode Capital Management LLC (1.00%). Insiders that own company stock include Gregory A Beard, William B Spence, Matthew J Smith, Ryan M Weber and Richard J Shaffer.
View institutional ownership trends.

How do I buy shares of Stronghold Digital Mining?

Shares of SDIG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Stronghold Digital Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Stronghold Digital Mining investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), ServiceNow (NOW) and Vertiv (VRT).

Company Calendar

• Last Earnings: 11/30/2021
• Today: 11/22/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:SDIG
• CUSIP: N/A
• CIK: 1856028
• Web: www.strongholddigitalmining.com
• Phone: 845-579-5992
• Fax: N/A
• Employees: 20
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $6.17
• High Stock Price Target: $8.50
• Low Stock Price Target: $4.00
• Potential Upside/Downside: +22.4%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($3.70)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-71,400,000.00
• Net Margins: -11.21%
• Pretax Margin: -74.51%
• Return on Equity: 13.67%
• Return on Assets: 3.59%

Debt

• Debt-to-Equity Ratio: 1.73
• Current Ratio: 0.27
• Quick Ratio: 0.21

Sales & Book Value

• Annual Sales: $74.97 million
• Price / Sales: 1.14
• Cash Flow: $2.15 per share
• Price / Cash Flow: 2.34
• Book Value: $1.16 per share
• Price / Book: 4.34

Miscellaneous

• Outstanding Shares: 16,890,000
• Free Float: 13,319,000
• Market Cap: $85.13 million
• Optionable: Optionable
• Beta: 2.90