Stronghold Digital Mining (SDIG) to Release Earnings on Thursday

Stronghold Digital Mining (NASDAQ:SDIG) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Stronghold Digital Mining to post earnings of ($0.09) per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Stronghold Digital Mining (NASDAQ:SDIG) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($1.12) earnings per share for the quarter, topping the consensus estimate of ($1.22) by $0.10. The company had revenue of $21.74 million during the quarter, compared to analysts’ expectations 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 Down 0.6 %

SDIG stock opened at $3.13 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.38 and a current ratio of 0.50. The business has a 50 day moving average price of $3.89 and a two-hundred day moving average price of $4.82. Stronghold Digital Mining has a twelve month low of $1.65 and a twelve month high of $11.56.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of Stronghold Digital Mining in a research note on Thursday, March 7th. Compass Point decreased their price target on Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating for the company in a research note on Wednesday, April 10th.

Insider Activity

In other news, CEO Gregory A. Beard sold 35,896 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $3.96, for a total value of $142,148.16. Following the completion of the sale, the chief executive officer now directly owns 387,814 shares of the company’s stock, valued at $1,535,743.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Stronghold Digital Mining news, CFO Matthew J. Smith sold 8,510 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $3.96, for a total transaction of $33,699.60. Following the transaction, the chief financial officer now owns 174,612 shares in the company, valued at approximately $691,463.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Gregory A. Beard sold 35,896 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $3.96, for a total value of $142,148.16. Following the transaction, the chief executive officer now owns 387,814 shares in the company, valued at approximately $1,535,743.44. The disclosure for this sale can be found here. Insiders sold a total of 60,573 shares of company stock valued at $218,028 over the last three months. Insiders own 47.55% of the company’s stock.

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.