The stock of Stronghold Digital Mining Inc (NASDAQ:SDIG) last traded at $4.90, down -8.24% from the previous session.
SDIG stock price is now 36.93% away from the 50-day moving average and 14.89% away from the 200-day moving average. The market capitalization of the company currently stands at $70.95M.
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With the price target reduced from $11 to $2.25, Cowen Downgraded its rating from Outperform to Market Perform for Stronghold Digital Mining Inc (NASDAQ: SDIG).
In other news, Shaffer Richard J., Senior Vice President sold 51 shares of the company’s stock on Aug 05 ’24. The stock was sold for $124 at an average price of $2.43. Upon completion of the transaction, the Senior Vice President now directly owns 25,787 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 05 ’24, Chief Financial Officer Smith Matthew J. sold 162 shares of the business’s stock. A total of $400 was realized by selling the stock at an average price of $2.47. This leaves the insider owning 168,768 shares of the company worth $0.83 million. A total of 16.00% of the company’s stock is owned by insiders.
During the past 12 months, Stronghold Digital Mining Inc has had a low of $1.65 and a high of $11.56. As of last week, the company has a debt-to-equity ratio of 1.07, a current ratio of 0.34, and a quick ratio of 0.24. The fifty day moving average price for SDIG is $3.6082 and a two-hundred day moving average price translates $4.2667 for the stock.
The latest earnings results from Stronghold Digital Mining Inc (NASDAQ: SDIG) was released for 2024-06-30. The net profit margin was -31.41% and return on equity was -65.82% for SDIG. The company reported revenue of $19.1 million for the quarter, compared to $18.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.77 percent.
