At the time of writing, Stronghold Digital Mining Inc [SDIG] stock is trading at $5.68, up 13.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SDIG shares have gain 9.23% over the last week, with a monthly amount glided 11.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Stronghold Digital Mining Inc [NASDAQ: SDIG] stock has seen the most recent analyst activity on August 18, 2022, when Cowen downgraded its rating to a Market Perform and also revised its price target to $2.25 from $11.
For the past year, the stock price of Stronghold Digital Mining Inc fluctuated between $1.65 and $11.56. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. Stronghold Digital Mining Inc [NASDAQ: SDIG] shares were valued at $5.68 at the most recent close of the market. An investor can expect a potential drop of -29.58% based on the average SDIG price forecast.
Analyzing the SDIG fundamentals
According to Stronghold Digital Mining Inc [NASDAQ:SDIG], the company’s sales were 79.53M for trailing twelve months, which represents an -37.00% plunge. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.62%, Pretax Profit Margin comes in at -0.75%, and Net Profit Margin reading is -0.63%. To continue investigating profitability, this company’s Return on Assets is posted at -0.35, Equity is -0.96 and Total Capital is -0.53. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 5.27 points at the first support level, and at 4.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.93, and for the 2nd resistance point, it is at 6.18.
Ratios To Look Out For
It is important to note that Stronghold Digital Mining Inc [NASDAQ:SDIG] has a current ratio of 0.27. As well, the Quick Ratio is 0.21, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 4.29.
Transactions by insiders
Recent insider trading involved Shaffer Richard J., Senior Vice President, that happened on Oct 30 ’24 when 27.0 shares were sold. Chief Financial Officer, Smith Matthew J. completed a deal on Oct 29 ’24 to sell 98.0 shares. Meanwhile, Officer MATTHEW JARED SMITH bought 98.0 shares on Oct 29 ’24.
