Q3 2024 EPS Estimates for Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Decreased by HC Wainwright

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) – Stock analysts at HC Wainwright cut their Q3 2024 earnings per share (EPS) estimates for Stronghold Digital Mining in a research report issued to clients and investors on Thursday, August 15th. HC Wainwright analyst K. Dede now expects that the company will post earnings per share of ($0.51) for the quarter, down from their previous forecast of ($0.50). HC Wainwright currently has a “Buy” rating and a $4.00 target price on the stock. The consensus estimate for Stronghold Digital Mining’s current full-year earnings is ($0.94) per share. HC Wainwright also issued estimates for Stronghold Digital Mining’s Q4 2024 earnings at ($0.54) EPS.

Separately, B. Riley lowered their price objective on Stronghold Digital Mining from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th.

Stronghold Digital Mining Stock Up 4.6 %

NASDAQ:SDIG opened at $2.93 on Monday. Stronghold Digital Mining has a 1-year low of $1.65 and a 1-year high of $11.56. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.50 and a quick ratio of 0.39. The firm has a market capitalization of $45.04 million, a P/E ratio of -0.62 and a beta of 2.79. The company’s fifty day moving average price is $3.56 and its 200-day moving average price is $3.73.

Hedge Funds Weigh In On Stronghold Digital Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. RFG Advisory LLC purchased a new position in shares of Stronghold Digital Mining during the 2nd quarter worth $43,000. Western Wealth Management LLC acquired a new stake in shares of Stronghold Digital Mining in the second quarter valued at $59,000. Virtu Financial LLC acquired a new stake in Stronghold Digital Mining in the 1st quarter valued at about $71,000. XTX Topco Ltd purchased a new position in Stronghold Digital Mining in the second quarter worth approximately $130,000. Finally, Nomura Holdings Inc. acquired a new position in Stronghold Digital Mining during the 4th quarter worth approximately $404,000. 19.33% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stronghold Digital Mining news, CEO Gregory A. Beard sold 13,058 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $3.67, for a total transaction of $47,922.86. Following the completion of the sale, the chief executive officer now directly owns 395,057 shares in the company, valued at approximately $1,449,859.19. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders sold 21,770 shares of company stock worth $79,746. Company insiders own 47.55% of the company’s stock.

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.