Stronghold Digital Mining, Inc. (NASDAQ:SDIG - Get Free Report) CEO Gregory A. Beard sold 15,259 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $4.06, for a total transaction of $61,951.54. Following the completion of the sale, the chief executive officer now directly owns 391,437 shares of the company's stock, valued at $1,589,234.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Stronghold Digital Mining Price Performance
NASDAQ SDIG opened at $4.32 on Friday. Stronghold Digital Mining, Inc. has a 1 year low of $1.65 and a 1 year high of $11.56. The stock's 50-day moving average price is $4.18 and its two-hundred day moving average price is $3.72. The company has a market cap of $66.33 million, a PE ratio of -0.91 and a beta of 2.90. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92.
Stronghold Digital Mining (NASDAQ:SDIG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.33). Stronghold Digital Mining had a negative net margin of 7.61% and a positive return on equity of 40.15%. The firm had revenue of $19.10 million during the quarter, compared to analysts' expectations of $20.15 million. On average, analysts predict that Stronghold Digital Mining, Inc. will post -2.07 EPS for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the business. RFG Advisory LLC purchased a new position in Stronghold Digital Mining during the second quarter valued at approximately $43,000. Western Wealth Management LLC acquired a new stake in shares of Stronghold Digital Mining during the 2nd quarter valued at $59,000. Virtu Financial LLC purchased a new position in shares of Stronghold Digital Mining during the 1st quarter valued at $71,000. XTX Topco Ltd acquired a new position in shares of Stronghold Digital Mining in the second quarter worth $130,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of Stronghold Digital Mining during the fourth quarter worth $404,000. Institutional investors and hedge funds own 19.33% of the company's stock.
Analyst Upgrades and Downgrades
SDIG has been the subject of several recent research reports. B. Riley increased their target price on shares of Stronghold Digital Mining from $5.00 to $6.00 and gave the company a "neutral" rating in a research note on Monday, August 26th. HC Wainwright reiterated a "neutral" rating on shares of Stronghold Digital Mining in a research report on Thursday, August 22nd.
Read Our Latest Report on Stronghold Digital Mining
About Stronghold Digital Mining
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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.
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