The stock of Stronghold Digital Mining Inc (NASDAQ:SDIG) last traded at $5.12, up 9.64% from the previous session.
SDIG stock price is now 5.33% away from the 50-day moving average and 26.51% away from the 200-day moving average. The market capitalization of the company currently stands at $88.28M.
With the price target reduced from $11 to $2.25, Cowen Downgraded its rating from Outperform to Market Perform for Stronghold Digital Mining Inc (NASDAQ: SDIG).
In other news, Shaffer Richard J., Senior Vice President sold 27 shares of the company’s stock on Oct 30 ’24. The stock was sold for $139 at an average price of $5.16. Upon completion of the transaction, the Senior Vice President now directly owns 23,916 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 29 ’24, Chief Financial Officer Smith Matthew J. sold 98 shares of the business’s stock. A total of $555 was realized by selling the stock at an average price of $5.66. This leaves the insider owning 159,500 shares of the company worth $0.82 million. A total of 14.38% of the company’s stock is owned by insiders.
During the past 12 months, Stronghold Digital Mining Inc has had a low of $1.65 and a high of $11.56. As of last week, the company has a debt-to-equity ratio of 1.75, a current ratio of 0.27, and a quick ratio of 0.21. The fifty day moving average price for SDIG is $4.8449 and a two-hundred day moving average price translates $4.048725 for the stock.
The latest earnings results from Stronghold Digital Mining Inc (NASDAQ: SDIG) was released for 2024-06-30. The net profit margin was -36.98% and return on equity was -90.72% for SDIG. The company reported revenue of $11.17 million for the quarter, compared to $17.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -37.0 percent.
