Stronghold Digital Mining (SDIG) Scheduled to Post Quarterly Earnings on Wednesday

Stronghold Digital Mining (NASDAQ:SDIG) is scheduled to announce its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.62) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Stronghold Digital Mining (NASDAQ:SDIG) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.74) EPS for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.33). The business had revenue of $19.10 million for the quarter, compared to analysts’ expectations of $20.15 million. Stronghold Digital Mining had a negative net margin of 7.61% and a positive return on equity of 40.15%. On average, analysts expect Stronghold Digital Mining to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Stronghold Digital Mining Price Performance

Shares of SDIG opened at $4.34 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.34 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average of $4.60 and a 200 day moving average of $3.88. Stronghold Digital Mining has a 12 month low of $1.65 and a 12 month high of $11.56.

Insiders Place Their Bets

In other Stronghold Digital Mining news, CEO Gregory A. Beard sold 15,259 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $4.06, for a total value 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Matthew J. Smith sold 9,170 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $4.45, for a total value of $40,806.50. Following the completion of the transaction, the chief financial officer now directly owns 159,598 shares of the company’s stock, valued at $710,211.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Gregory A. Beard sold 15,259 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $4.06, for a total value of $61,951.54. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 72,585 shares of company stock valued at $316,757 over the last ninety days. 21.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently commented on SDIG shares. HC Wainwright reaffirmed a “neutral” rating on shares of Stronghold Digital Mining in a research report on Thursday, August 22nd. B. Riley increased their price target on Stronghold Digital Mining from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Monday, August 26th.

Stronghold Digital Mining Company Profile

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.