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

Stronghold Digital Mining (NASDAQ:SDIG) is scheduled to 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. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Stronghold Digital Mining (NASDAQ:SDIG) last posted its earnings results on Wednesday, August 14th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.33). The business had revenue of $19.10 million during the quarter, compared to analyst estimates 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 Trading Up 20.6 %

NASDAQ SDIG opened at $6.49 on Tuesday. Stronghold Digital Mining 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. The firm has a market cap of $109.61 million, a P/E ratio of -1.40 and a beta of 2.90. The stock’s 50-day moving average is $4.63 and its 200-day moving average is $3.92.

Analysts Set New Price Targets

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

Insider Transactions at Stronghold Digital Mining

In related 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 sale, the chief financial officer now owns 159,598 shares of the company’s stock, valued at approximately $710,211.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Matthew J. Smith sold 9,170 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $4.45, for a total transaction of $40,806.50. Following the completion of the transaction, the chief financial officer now owns 159,598 shares in the company, valued at approximately $710,211.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory A. Beard sold 15,259 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $4.06, for a total transaction of $61,951.54. Following the completion of the transaction, the chief executive officer now directly owns 391,437 shares of the company’s stock, valued at approximately $1,589,234.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,585 shares of company stock valued at $316,757 over the last three months. Company insiders own 21.14% 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.