Set Your Sights On Stronghold Digital Mining Inc (NASDAQ: SDIG)’S Upside Potential

Stronghold Digital Mining Inc (SDIG) concluded trading on Wednesday at a closing price of $5.34, with 60.3 million shares of worth about $321.99 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.88% during that period and on August 21, 2024 the price saw a gain of about 82.25%. Currently the company’s common shares owned by public are about 14.48M shares, out of which, 12.17M shares are available for trading.

Stock saw a price change of 93.83% in past 5 days and over the past one month there was a price change of 39.06%. Year-to-date (YTD), SDIG shares are showing a performance of -26.85% which decreased to -2.91% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.65 but also hit the highest price of $11.56 during that period. The average intraday trading volume for Stronghold Digital Mining Inc shares is 592.41K. The stock is currently trading 90.94% above its 20-day simple moving average (SMA20), while that difference is up 50.70% for SMA50 and it goes to 25.33% higher than SMA200.

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Stronghold Digital Mining Inc (NASDAQ: SDIG) currently have 14.48M outstanding shares and institutions hold larger chunk of about 20.02% of that.

The stock has a current market capitalization of $77.32M and its 3Y-monthly beta is at 2.81. It has posted earnings per share of -$2.90 in the same period. It has Quick Ratio of 0.24 while making debt-to-equity ratio of 1.07. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SDIG, volatility over the week remained 11.71% while standing at 13.93% over the month.

Stock’s fiscal year EPS is expected to rise by 81.37% while it is estimated to decrease by -24.46% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Cowen on August 18, 2022 offering a Market perform rating for the stock and assigned a target price range of between $11 and $2.25 to it.

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