Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard Sells 44,261 Shares

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 44,261 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $4.44, for a total value of $196,518.84. Following the completion of the transaction, the chief executive officer now directly owns 379,324 shares of the company’s stock, valued at $1,684,198.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Stronghold Digital Mining Stock Performance

Shares of Stronghold Digital Mining stock opened at $4.51 on Friday. The firm has a market cap of $76.17 million, a price-to-earnings ratio of -0.96 and a beta of 2.90. The stock’s 50-day moving average is $3.81 and its 200-day moving average is $3.67. Stronghold Digital Mining, Inc. has a one year low of $1.65 and a one year high of $11.56. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.34 and a quick ratio of 0.24.

Stronghold Digital Mining (NASDAQ:SDIG) last released its earnings results on Wednesday, August 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.33). Stronghold Digital Mining had a positive return on equity of 40.15% and a negative net margin of 7.61%. The company had revenue of $19.10 million for the quarter, compared to the consensus estimate of $20.15 million. Equities analysts predict that Stronghold Digital Mining, Inc. will post -2.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. B. Riley boosted their target price on Stronghold Digital Mining from $5.00 to $6.00 and gave the company a “neutral” rating in a research note on Monday, August 26th. HC Wainwright reissued a “neutral” rating on shares of Stronghold Digital Mining in a research note on Thursday, August 22nd.

Institutional Trading of Stronghold Digital Mining

Several institutional investors and hedge funds have recently bought and sold shares of SDIG. RFG Advisory LLC bought a new stake in Stronghold Digital Mining in the second quarter valued at approximately $43,000. Western Wealth Management LLC bought a new stake in Stronghold Digital Mining in the second quarter valued at approximately $59,000. Virtu Financial LLC bought a new stake in Stronghold Digital Mining in the first quarter valued at approximately $71,000. XTX Topco Ltd bought a new stake in Stronghold Digital Mining in the second quarter valued at approximately $130,000. Finally, Nomura Holdings Inc. bought a new stake in Stronghold Digital Mining in the fourth quarter valued at approximately $404,000. Institutional investors own 19.33% 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.