Stronghold Digital Mining (SDIG) to Release Earnings on Wednesday

Stronghold Digital Mining (NASDAQ:SDIG) will likely be posting 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 Price Performance

NASDAQ SDIG opened at $2.77 on Wednesday. The company has a 50-day moving average price of $3.68 and a two-hundred day moving average price of $4.33. Stronghold Digital Mining has a 52 week low of $1.65 and a 52 week high of $6.70. The stock has a market cap of $47.76 million, a price-to-earnings ratio of -0.75 and a beta of 2.99. The company has a current ratio of 0.27, a quick ratio of 0.21 and a debt-to-equity ratio of 1.73.

Insider Buying and Selling

In other Stronghold Digital Mining news, CEO Gregory A. Beard sold 14,201 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $3.85, for a total transaction of $54,673.85. Following the sale, the chief executive officer now directly owns 446,533 shares in the company, valued at approximately $1,719,152.05. The trade was a 3.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 30,686 shares of company stock valued at $115,775 over the last 90 days. 21.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

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.