Stronghold Digital Mining (SDIG) Set to Announce Earnings on Thursday

Stronghold Digital Mining (NASDAQ:SDIG) will announce its earnings results before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of ($0.09) per share for the quarter.

Stronghold Digital Mining (NASDAQ:SDIG) last announced its quarterly earnings data on Wednesday, March 6th. The company reported ($1.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.22) by $0.10. The company had revenue of $21.74 million for the quarter, compared to analyst estimates of $22.45 million. Stronghold Digital Mining had a positive return on equity of 10.70% and a negative net margin of 40.57%. On average, analysts expect Stronghold Digital Mining to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Stronghold Digital Mining Stock Performance

Shares of SDIG stock traded down $0.15 during trading hours on Friday, hitting $3.67. The stock had a trading volume of 120,930 shares, compared to its average volume of 837,983. The stock’s 50 day moving average is $4.02 and its 200 day moving average is $4.83. The firm has a market capitalization of $56.19 million, a PE ratio of -0.31 and a beta of 2.67. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.50 and a quick ratio of 0.38. Stronghold Digital Mining has a twelve month low of $1.65 and a twelve month high of $11.56.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Compass Point reduced their target price on Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating on the stock in a report on Wednesday, April 10th. HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of Stronghold Digital Mining in a report on Thursday, March 7th.

Insider Buying and Selling at Stronghold Digital Mining

In other Stronghold Digital Mining news, CFO Matthew J. Smith sold 18,322 shares of the firm’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $5.33, for a total transaction of $97,656.26. Following the transaction, the chief financial officer now owns 183,300 shares of the company’s stock, valued at approximately $976,989. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Matthew J. Smith sold 18,322 shares of Stronghold Digital Mining stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $5.33, for a total value of $97,656.26. Following the sale, the chief financial officer now directly owns 183,300 shares in the company, valued at $976,989. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory A. Beard sold 35,896 shares of the company’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $3.96, for a total transaction of $142,148.16. Following the sale, the chief executive officer now directly owns 387,814 shares of the company’s stock, valued at approximately $1,535,743.44. The disclosure for this sale can be found here. In the last three months, insiders sold 78,932 shares of company stock worth $315,897. 47.55% of the stock is owned by corporate insiders.

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.