FY2025 Earnings Forecast for SDIG Issued By B. Riley

Stronghold Digital Mining, Inc. (NASDAQ:SDIG) – Equities researchers at B. Riley upped their FY2025 earnings estimates for shares of Stronghold Digital Mining in a report issued on Wednesday, December 18th. B. Riley analyst L. Pipes now anticipates that the company will post earnings per share of ($0.82) for the year, up from their previous estimate of ($0.91). B. Riley 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. 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 current ratio of 0.27 and a quick ratio of 0.21. The company’s 50-day moving average is $4.94 and its 200 day moving average is $4.35. The firm has a market capitalization of $69.49 million, a P/E ratio of -1.09 and a beta of 2.92.

Insider Activity at Stronghold Digital Mining

In other news, CEO Gregory A. Beard sold 15,259 shares of Stronghold Digital Mining stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $4.06, for a total transaction of $61,951.54. Following the sale, the chief executive officer now directly owns 391,437 shares in the company, valued at $1,589,234.22. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders sold 15,615 shares of company stock valued at $63,630. 21.14% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Anson Funds Management LP bought a new stake in shares of Stronghold Digital Mining in the third quarter valued at approximately $2,466,000. Walleye Capital LLC purchased a new position in Stronghold Digital Mining in the 3rd quarter valued at approximately $1,022,000. K2 Principal Fund L.P. bought a new stake in Stronghold Digital Mining during the 3rd quarter valued at $882,000. Thomist Capital Management LP bought a new stake in Stronghold Digital Mining during the 2nd quarter valued at $485,000. Finally, Geode Capital Management LLC lifted its position in shares of 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 acquiring an additional 76,260 shares in the last quarter. Institutional investors own 19.33% of the company’s stock.

About Stronghold Digital Mining

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.