FY2025 Earnings Estimate for SDIG Issued By B. Riley

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) – Analysts at B. Riley upped their FY2025 earnings per share estimates for Stronghold Digital Mining in a note issued to investors on Wednesday, December 18th. B. Riley analyst L. Pipes now forecasts that the company will post earnings per share of ($0.82) for the year, up from their previous forecast of ($0.91). B. Riley currently has a “Strong-Buy” rating on the stock. The consensus estimate for Stronghold Digital Mining’s current full-year earnings is ($1.95) per share.

Stronghold Digital Mining Stock Performance

Shares of SDIG opened at $4.10 on Monday. Stronghold Digital Mining has a 1 year low of $1.65 and a 1 year high of $11.56. The stock has a market capitalization of $70.70 million, a P/E ratio of -1.11 and a beta of 2.92. 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 company’s fifty day moving average is $4.95 and its two-hundred day moving average is $4.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SDIG. XTX Topco Ltd purchased a new stake in shares of Stronghold Digital Mining during the 2nd quarter worth $130,000. State Street Corp increased its holdings in shares of Stronghold Digital Mining by 122.3% in the 3rd quarter. State Street Corp now owns 57,630 shares of the company’s stock valued at $291,000 after purchasing an additional 31,700 shares in the last quarter. Thomist Capital Management LP acquired a new stake in shares of Stronghold Digital Mining in the second quarter valued at about $485,000. Geode Capital Management LLC boosted its holdings in Stronghold Digital Mining by 83.0% during the third quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock worth $849,000 after buying an additional 76,260 shares in the last quarter. Finally, K2 Principal Fund L.P. acquired a new position in Stronghold Digital Mining during the third quarter worth about $882,000. Hedge funds and other institutional investors own 19.33% of the company’s stock.

Insider Transactions at Stronghold Digital Mining

In other news, CEO Gregory A. Beard sold 15,259 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $4.06, for a total value of $61,951.54. Following the completion of the sale, the chief executive officer now directly owns 391,437 shares of the company’s stock, valued at $1,589,234.22. This trade represents a 3.75 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 15,615 shares of company stock worth $63,630 over the last ninety days. 21.14% of the stock is currently owned by company insiders.

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.