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

Stronghold Digital Mining (NASDAQ:SDIG) is anticipated to post its quarterly earnings results before the market opens on Wednesday, March 5th. Analysts expect Stronghold Digital Mining to post earnings of ($0.88) per share and revenue of $16.20 million for the quarter.

Stronghold Digital Mining Stock Down 5.6 %

Shares of NASDAQ SDIG opened at $2.72 on Tuesday. The firm has a market cap of $46.90 million, a PE ratio of -0.74 and a beta of 2.99. Stronghold Digital Mining has a 12-month low of $1.65 and a 12-month high of $6.70. The company’s fifty day simple moving average is $3.60 and its 200 day simple moving average is $4.34. The company has a quick ratio of 0.21, a current ratio of 0.27 and a debt-to-equity ratio of 1.73.

Insider Transactions at Stronghold Digital Mining

In other news, CEO Gregory A. Beard sold 12,210 shares of Stronghold Digital Mining stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $3.71, for a total transaction of $45,299.10. Following the completion of the transaction, the chief executive officer now directly owns 462,351 shares in the company, valued at $1,715,322.21. This trade represents a 2.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 30,686 shares of company stock valued at $115,775 over the last ninety days. 21.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, B. Riley raised shares of Stronghold Digital Mining from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 15th.

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.