Stronghold Digital Mining (SDIG) Scheduled to Post Earnings on Wednesday

Stronghold Digital Mining (NASDAQ:SDIG) will be announcing its earnings results before the market opens on Wednesday, November 13th. Analysts expect the company to announce earnings of ($0.62) per share for the quarter. Individual that wish to listen to the company’s conference call can do so using this link.

Stronghold Digital Mining (NASDAQ:SDIG) last announced its earnings results on Wednesday, August 14th. The company reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.41) by ($0.33). The business had revenue of $19.10 million for the quarter, compared to the consensus estimate of $20.15 million. Stronghold Digital Mining had a negative net margin of 7.61% and a positive return on equity of 40.15%. On average, analysts expect Stronghold Digital Mining to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Stronghold Digital Mining Stock Up 20.6 %

SDIG stock opened at $6.49 on Tuesday. The company has a market capitalization of $109.61 million, a price-to-earnings ratio of -1.40 and a beta of 2.90. The company has a current ratio of 0.34, a quick ratio of 0.24 and a debt-to-equity ratio of 0.92. Stronghold Digital Mining has a 52 week low of $1.65 and a 52 week high of $11.56. The firm’s 50-day moving average is $4.63 and its two-hundred day moving average is $3.92.

Insider Transactions at Stronghold Digital Mining

In other Stronghold Digital Mining news, CFO Matthew J. Smith sold 9,170 shares of Stronghold Digital Mining stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $4.45, for a total value of $40,806.50. Following the transaction, the chief financial officer now directly owns 159,598 shares of the company’s stock, valued at $710,211.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Gregory A. Beard sold 44,261 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was 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 in the company, valued at approximately $1,684,198.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew J. Smith sold 9,170 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $4.45, for a total value of $40,806.50. Following the completion of the transaction, the chief financial officer now directly owns 159,598 shares of the company’s stock, valued at approximately $710,211.10. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,585 shares of company stock worth $316,757. 21.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on SDIG shares. HC Wainwright restated a “neutral” rating on shares of Stronghold Digital Mining in a report on Thursday, August 22nd. B. Riley lifted their price objective on Stronghold Digital Mining from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Monday, August 26th.

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.