Stronghold Digital Mining (NASDAQ:SDIG – Get Free Report) is projected 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 Trading Down 5.6 %
NASDAQ:SDIG opened at $2.72 on Tuesday. Stronghold Digital Mining has a 52 week low of $1.65 and a 52 week high of $6.70. The firm has a 50-day moving average price of $3.60 and a two-hundred day moving average price of $4.34. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27. The firm has a market cap of $46.90 million, a price-to-earnings ratio of -0.74 and a beta of 2.99.
Insider Buying and Selling
In other news, CEO Gregory A. Beard sold 14,201 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $3.85, for a total transaction of $54,673.85. Following the completion of the transaction, the chief executive officer now directly owns 446,533 shares of the company’s stock, valued at $1,719,152.05. This represents a 3.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 30,686 shares of company stock worth $115,775. Insiders own 21.14% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Stronghold Digital Mining
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.
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