Stronghold Digital Mining Inc [SDIG] stock prices are down -4.90% to $3.88 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SDIG shares have gain 10.86% over the last week, with a monthly amount drifted -31.69%, and not seem to be holding up well over a long-time horizon.
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.
The stock price of Stronghold Digital Mining Inc [SDIG] has been fluctuating between $1.65 and $7.96 over the past year. 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 $3.88 at the most recent close of the market. An investor can expect a potential return of 3.09% based on the average SDIG price forecast.
Analyzing the SDIG fundamentals
The Stronghold Digital Mining Inc [NASDAQ:SDIG] reported sales of 76.39M for trailing twelve months, representing a drop of -54.74%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.74.
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 3.77 points at the first support level, and at 3.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.00, and for the 2nd resistance point, it is at 4.11.
Ratios To Look Out For
It’s worth pointing out that Stronghold Digital Mining Inc [NASDAQ:SDIG]’s Current Ratio is 0.27. On the other hand, the Quick Ratio is 0.21, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 2.93.
Transactions by insiders
Recent insider trading involved Beard Gregory A, Chief Executive Officer, that happened on Dec 24 ’24 when 49750.0 shares were sold. Chief Executive Officer, Beard Gregory A completed a deal on Dec 23 ’24 to sell 14201.0 shares. Meanwhile, Officer GREGORY ALLAN BEARD bought 71000.0 shares on Dec 23 ’24.
