Stronghold Digital Mining, Inc. (NASDAQ:SDIG – Get Free Report) CEO Gregory A. Beard sold 13,811 shares of the company’s stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $2.38, for a total transaction of $32,870.18. Following the sale, the chief executive officer now directly owns 374,003 shares in the company, valued at $890,127.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Stronghold Digital Mining Stock Performance
Stronghold Digital Mining stock opened at $2.37 on Thursday. The firm’s 50 day simple moving average is $4.31 and its 200 day simple moving average is $4.88. The company has a quick ratio of 0.38, a current ratio of 0.50 and a debt-to-equity ratio of 1.11. Stronghold Digital Mining, Inc. has a 1-year low of $1.65 and a 1-year high of $12.50.
Stronghold Digital Mining (NASDAQ:SDIG – Get Free Report) last announced its earnings results on Wednesday, March 6th. The company reported ($1.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.22) by $0.10. The business had revenue of $21.74 million during the quarter, compared to analyst estimates of $22.45 million. Stronghold Digital Mining had a negative net margin of 40.57% and a positive return on equity of 10.70%. Analysts expect that Stronghold Digital Mining, Inc. will post -0.94 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of analysts recently commented on SDIG shares. Compass Point dropped their price target on shares of Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. HC Wainwright restated a “buy” rating and set a $7.00 target price on shares of Stronghold Digital Mining in a research report on Thursday, March 7th.
Read Our Latest Research Report on Stronghold Digital Mining
About Stronghold Digital Mining
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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