Stronghold Digital Mining Inc. (NASDAQ:SDIG) does about 906.37K shares in volume on a normal day but saw 1785363 shares change hands in Monday trading. The company now has a market cap of 30.79M USD. Its current market price is $0.65, marking an increase of 0.62% compared to the previous close of $0.65. The 52 week high reached by this stock is $14.43 whilst the lowest price level in 52 weeks is $0.40. The script in recent trading has seen the stock touch a high of $0.695 and a low of $0.6111.
Stronghold Digital Mining Inc. (SDIG) has a 20-day trading average at $0.5188 and the current price is -95.50% off the 52-week high compared with 62.50% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5984 and its 200-day simple moving average is $1.7984. If we look at the stock’s price movements over the week, volatility stands at 20.24%, which decreases to 17.30% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.58 to suggest the stock is neutral.
The consensus objective for the share price is $2.11, suggesting that the stock has a potential upside of 69.19% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on August 18, 2022 when Cowen downgraded the stock to “Market Perform” and issued a price target of between $11 and $2.25.
The current price level is 27.75%, 7.99%, and -64.32% away from its SMA20, SMA50, and SMA200 respectively, with the SDIG price moving below the 50-day SMA on January 23. Stronghold Digital Mining Inc. (SDIG) stock is down -0.15% over the week and 47.69% over the past month. Its price is 35.67% year-to-date and -94.44% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of -$1.27 below consensus estimates by -$0.94. The company’s next earnings report is expected on 05/15/2023, with forecasts estimating quarterly EPS at -$0.29 and -$2.75 for whole year. SDIG’s earnings per share are forecast to shrink by -35.50% this year and 77.50% over next year. Expected sales for next quarter are $25.68 million, which analysts say will come at $106.76 million for the current fiscal year and next year at $114.87 million. In addition, estimates put the company’s current quarterly revenue at an average of $23.33 million.
Its 12-month price target is $2.00. To reach the target analysts have set, the stock logically needs to grow 69.19 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $3.00.
Outstanding shares total 24.63M with insiders holding 15.36% of the shares and institutional holders owning 27.07% of the company’s common stock. The company has a return on investment of -7.80% and return on equity of -44.50%. Price to book ratio is 0.16 and price to sales ratio is 0.31.
Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which added 412.0 shares to end up with 199,068 shares worth $95354.0.