Stronghold Digital Mining Inc (NASDAQ: SDIG) kicked off on Monday, up 20.63% from the previous trading day, before settling in for the closing price of $5.38. Over the past 52 weeks, SDIG has traded in a range of $1.65-$11.56.
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Annual sales at Financial sector company grew by 203.12% over the past five years. While this was happening, its average annual earnings per share was recorded 75.38%. With a float of $12.40 million, this company’s outstanding shares have now reached $14.48 million.
Let’s look at the performance matrix of the company that is accounted for 115 employees. In terms of profitability, gross margin is 4.47%, operating margin of -57.68%, and the pretax margin is -68.41%.
Stronghold Digital Mining Inc (SDIG) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of Stronghold Digital Mining Inc is 14.38%, while institutional ownership is 28.03%. The most recent insider transaction that took place on Oct 30 ’24, was worth 139. In this transaction Senior Vice President of this company sold 27 shares at a rate of $5.16, taking the stock ownership to the 23,916 shares. Before that another transaction happened on Oct 29 ’24, when Company’s Chief Financial Officer sold 98 for $5.66, making the entire transaction worth $555. This insider now owns 159,500 shares in total.
Stronghold Digital Mining Inc (SDIG) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -2.26 earnings per share (EPS), lower than consensus estimate (set at -0.95) by -1.31. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.55 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 75.38% per share during the next fiscal year.
Stronghold Digital Mining Inc (NASDAQ: SDIG) Trading Performance Indicators
Take a look at Stronghold Digital Mining Inc’s (SDIG) current performance indicators. Last quarter, stock had a quick ratio of 0.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.90, a number that is poised to hit -0.62 in the next quarter and is forecasted to reach -0.60 in one year’s time.
Technical Analysis of Stronghold Digital Mining Inc (SDIG)
Stronghold Digital Mining Inc (NASDAQ: SDIG) saw its 5-day average volume 0.8 million, a negative change from its year-to-date volume of 0.94 million. As of the previous 9 days, the stock’s Stochastic %D was 86.40%. Additionally, its Average True Range was 0.46.
During the past 100 days, Stronghold Digital Mining Inc’s (SDIG) raw stochastic average was set at 97.89%, which indicates a significant increase from 96.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 141.72% in the past 14 days, which was lower than the 143.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.66, while its 200-day Moving Average is $4.04. Nevertheless, the first resistance level for the watch stands at $6.75 in the near term. At $7.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.44. If the price goes on to break the first support level at $6.06, it is likely to go to the next support level at $5.64. Assuming the price breaks the second support level, the third support level stands at $5.37.
Stronghold Digital Mining Inc (NASDAQ: SDIG) Key Stats
The company with the Market Capitalisation of 109.00 million has total of 16,889K Shares Outstanding. Its annual sales at the moment are 74,970 K in contrast with the sum of -71,400 K annual income. Company’s last quarter sales were recorded 19,100 K and last quarter income was -17,940 K.
