Gregory A. Beard Sells 13,058 Shares of Stronghold Digital Mining, Inc. (NASDAQ:SDIG) Stock

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) CEO Gregory A. Beard sold 13,058 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $3.67, for a total value of $47,922.86. Following the completion of the transaction, the chief executive officer now directly owns 395,057 shares in the company, valued at approximately $1,449,859.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Stronghold Digital Mining Price Performance

Shares of NASDAQ:SDIG opened at $4.59 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.50 and a debt-to-equity ratio of 0.70. The stock has a market cap of $70.55 million, a PE ratio of -0.97 and a beta of 2.79. The company’s fifty day moving average is $3.58 and its 200 day moving average is $4.22. Stronghold Digital Mining, Inc. has a 52 week low of $1.65 and a 52 week high of $11.56.

Stronghold Digital Mining (NASDAQ:SDIG) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.35 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.44. The firm had revenue of $27.52 million for the quarter. Stronghold Digital Mining had a return on equity of 27.19% and a net margin of 3.58%. Research analysts anticipate that Stronghold Digital Mining, Inc. will post -0.89 earnings per share for the current year.

Institutional Trading of Stronghold Digital Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. RFG Advisory LLC bought a new position in shares of Stronghold Digital Mining in the second quarter worth approximately $43,000. Virtu Financial LLC purchased a new stake in Stronghold Digital Mining during the 1st quarter valued at $71,000. Nomura Holdings Inc. bought a new stake in Stronghold Digital Mining in the 4th quarter worth $404,000. Finally, Armistice Capital LLC purchased a new position in shares of Stronghold Digital Mining in the fourth quarter valued at about $7,300,000. Institutional investors own 19.33% of the company’s stock.

Wall Street Analyst Weigh In

SDIG has been the subject of a number of research reports. B. Riley cut their price objective on Stronghold Digital Mining from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Compass Point cut their target price on Stronghold Digital Mining from $22.00 to $8.50 and set a “buy” rating for the company in a research note on Wednesday, April 10th.

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.