Stronghold Digital Mining, Inc. (NASDAQ:SDIG - Free Report) - Analysts at B. Riley lifted their FY2025 EPS estimates for shares of Stronghold Digital Mining in a report released on Wednesday, December 18th. B. Riley analyst L. Pipes now expects that the company will post earnings per share of ($0.82) for the year, up from their prior estimate of ($0.91). B. Riley currently has a "Strong-Buy" rating on the stock. The consensus estimate for Stronghold Digital Mining's current full-year earnings is ($1.95) per share.
Shares of SDIG stock opened at $4.10 on Monday. Stronghold Digital Mining has a 12 month low of $1.65 and a 12 month high of $11.56. The company has a current ratio of 0.27, a quick ratio of 0.21 and a debt-to-equity ratio of 1.73. The company has a market cap of $70.70 million, a P/E ratio of -1.11 and a beta of 2.92. The firm has a fifty day moving average price of $4.95 and a 200 day moving average price of $4.35.
Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in Stronghold Digital Mining in the second quarter valued at $130,000. State Street Corp lifted its holdings in shares of Stronghold Digital Mining by 122.3% in the 3rd quarter. State Street Corp now owns 57,630 shares of the company's stock valued at $291,000 after purchasing an additional 31,700 shares during the last quarter. Thomist Capital Management LP acquired a new stake in shares of Stronghold Digital Mining in the 2nd quarter valued at about $485,000. Geode Capital Management LLC grew its stake in Stronghold Digital Mining by 83.0% during the 3rd quarter. Geode Capital Management LLC now owns 168,124 shares of the company's stock worth $849,000 after buying an additional 76,260 shares during the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Stronghold Digital Mining during the third quarter worth approximately $882,000. 19.33% of the stock is owned by hedge funds and other institutional investors.
In other Stronghold Digital Mining news, CEO Gregory A. Beard sold 15,259 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $4.06, for a total transaction of $61,951.54. Following the sale, the chief executive officer now owns 391,437 shares of the company's stock, valued at approximately $1,589,234.22. This trade represents a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders sold 15,615 shares of company stock valued at $63,630. 21.14% of the stock is currently owned by corporate insiders.
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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