B. Riley Has Strong Forecast for SDIG FY2025 Earnings

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) – B. Riley raised their FY2025 earnings estimates for shares of Stronghold Digital Mining in a report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will earn ($0.82) per share for the year, up from their prior forecast of ($0.91). B. Riley has a “Strong-Buy” rating on the stock. The consensus estimate for Stronghold Digital Mining’s current full-year earnings is ($1.95) per share.

Stronghold Digital Mining Price Performance

SDIG opened at $3.82 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.27 and a quick ratio of 0.21. The stock has a market capitalization of $65.87 million, a P/E ratio of -1.03 and a beta of 2.92. The company’s 50 day simple moving average is $4.94 and its 200-day simple moving average is $4.35. Stronghold Digital Mining has a one year low of $1.65 and a one year high of $11.56.

Insider Activity

In related news, CEO Gregory A. Beard sold 15,259 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 391,437 shares of the company’s stock, valued at $1,589,234.22. The trade was a 3.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 15,615 shares of company stock valued at $63,630. Company insiders own 21.14% of the company’s stock.

Institutional Trading of Stronghold Digital Mining

Several institutional investors and hedge funds have recently made changes to their positions in SDIG. XTX Topco Ltd bought a new stake in Stronghold Digital Mining in the second quarter valued at about $130,000. State Street Corp raised its holdings in Stronghold Digital Mining by 122.3% during the 3rd quarter. State Street Corp now owns 57,630 shares of the company’s stock worth $291,000 after buying an additional 31,700 shares during the period. Thomist Capital Management LP bought a new position in Stronghold Digital Mining in the second quarter valued at approximately $485,000. Geode Capital Management LLC increased its position in shares of Stronghold Digital Mining by 83.0% during the third quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock worth $849,000 after acquiring an additional 76,260 shares in the last quarter. Finally, K2 Principal Fund L.P. acquired a new stake in shares of Stronghold Digital Mining during the third quarter worth $882,000. Institutional investors own 19.33% of the company’s stock.

Stronghold Digital Mining Company Profile

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.