Gregory A. Beard Sells 13,811 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 13,811 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $2.38, for a total value of $32,870.18. Following the transaction, the chief executive officer now owns 374,003 shares in the company, valued at $890,127.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Stronghold Digital Mining Stock Up 4.9 %

NASDAQ SDIG traded up $0.11 during midday trading on Wednesday, hitting $2.37. 353,908 shares of the company traded hands, compared to its average volume of 857,896. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.50 and a quick ratio of 0.38. The company has a market cap of $35.67 million, a PE ratio of -0.20 and a beta of 2.67. The company’s 50-day simple moving average is $4.31 and its 200-day simple moving average is $4.88. Stronghold Digital Mining, Inc. has a 52 week low of $1.65 and a 52 week high of $12.50.

Stronghold Digital Mining (NASDAQ:SDIG) last announced its earnings results on Wednesday, March 6th. The company reported ($1.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.22) by $0.10. The business had revenue of $21.74 million for the quarter, compared to analysts’ expectations of $22.45 million. Stronghold Digital Mining had a positive return on equity of 10.70% and a negative net margin of 40.57%. As a group, equities research analysts forecast that Stronghold Digital Mining, Inc. will post -0.94 earnings per share for the current year.

Analysts Set New Price Targets

SDIG has been the topic of several research reports. Compass Point reduced their price objective on Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating on the stock in a report on Wednesday, April 10th. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of Stronghold Digital Mining in a report on Thursday, March 7th.

Institutional Trading of Stronghold Digital Mining

Institutional investors have recently made changes to their positions in the business. AE Wealth Management LLC boosted its position in shares of Stronghold Digital Mining by 26.3% in the 3rd quarter. AE Wealth Management LLC now owns 14,608 shares of the company’s stock worth $64,000 after purchasing an additional 3,044 shares in the last quarter. D.A. Davidson & CO. raised its stake in Stronghold Digital Mining by 72.2% in the 3rd quarter. D.A. Davidson & CO. now owns 21,950 shares of the company’s stock worth $95,000 after acquiring an additional 9,200 shares during the last quarter. Barclays PLC purchased a new position in Stronghold Digital Mining in the 2nd quarter worth $36,000. Arete Wealth Advisors LLC purchased a new position in Stronghold Digital Mining in the 3rd quarter worth $44,000. Finally, State Street Corp raised its stake in Stronghold Digital Mining by 182.5% in the 3rd quarter. State Street Corp now owns 74,300 shares of the company’s stock worth $77,000 after acquiring an additional 48,000 shares during the last quarter. Institutional investors and hedge funds 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.