B. Riley Equities Analysts Lift Earnings Estimates for SDIG

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) – Analysts at B. Riley raised their FY2025 EPS estimates for Stronghold Digital Mining in a research report issued to clients and investors on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings of ($0.82) per share 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 Up 5.5 %

SDIG opened at $4.03 on Monday. The stock has a fifty day moving average of $4.94 and a 200-day moving average of $4.35. The company has a market capitalization of $69.49 million, a P/E ratio of -1.09 and a beta of 2.92. Stronghold Digital Mining has a fifty-two week low of $1.65 and a fifty-two week high of $11.56. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.21 and a current ratio of 0.27.

Insider Buying and Selling

In other news, CEO Gregory A. Beard sold 15,259 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $4.06, for a total transaction of $61,951.54. Following the completion of the transaction, the chief executive officer now directly owns 391,437 shares in the company, valued at approximately $1,589,234.22. This represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have sold 15,615 shares of company stock worth $63,630. Company insiders own 21.14% of the company’s stock.

Hedge Funds Weigh In On Stronghold Digital Mining

A number of hedge funds have recently modified their holdings of SDIG. XTX Topco Ltd bought a new stake in shares of Stronghold Digital Mining in the 2nd quarter valued at $130,000. State Street Corp lifted its holdings in Stronghold Digital Mining by 122.3% in the third quarter. State Street Corp now owns 57,630 shares of the company’s stock valued at $291,000 after buying an additional 31,700 shares during the period. Thomist Capital Management LP bought a new stake in Stronghold Digital Mining during the second quarter valued at $485,000. Geode Capital Management LLC grew its holdings in Stronghold Digital Mining by 83.0% during the 3rd quarter. Geode Capital Management LLC now owns 168,124 shares of the company’s stock worth $849,000 after acquiring an additional 76,260 shares during the period. Finally, K2 Principal Fund L.P. bought a new position in shares of Stronghold Digital Mining in the 3rd quarter worth about $882,000. 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.