What Can We Learn From Stronghold Digital Mining Inc. (SDIG)’s Valuation Ratios?

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BEPC Stock
BEPC Stock

Stronghold Digital Mining Inc. (NASDAQ:SDIG) traded with an addition of $0.12 to $1.58 on Friday, an upside of 8.22 percent. An average of 902,312 shares of common stock have been traded in the last five days. There was a gain of $0.2212 in the past week. The last 20 days have seen an average of 1,227,583 shares traded, while the 50-day average volume stands at 3,854,057.

SDIG stock has decreased by -42.52% in the last month. The company shares reached their 1-month lowest point of $1.2700 on 09/07/22. Shares of the company touched a low of $1.27 and a high of $35.79 in 52 weeks. It has reached a new high 4 times so far this year and lost -88.64% or -$11.2588 in price. In spite of this, the price is down -95.59% from the 52-week high.


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Valuation Metrics

Stronghold Digital Mining Inc. (SDIG) has a trailing price-to-sales (P/S) ratio at 0.85, the price-to-book (PB) ratio at 0.20.

Financial Health

The quick ratio of Stronghold Digital Mining Inc. for the three months ended June 29 was 0.30, and the current ratio was 0.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 0.88 for the quarter ending June 29. Its gross profit as reported stood at $2.23 million compared to revenue of $30.91 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Stronghold Digital Mining Inc.’s return on assets was -12.80%.

Earnings Surprise

For the three-month period that ended June 29, Stronghold Digital Mining Inc. had $26.89 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$16.7 million in the quarter, while revenues of -$13.41 million were grew 92.28%. The analyst consensus anticipated Stronghold Digital Mining Inc.’s latest quarter earnings to come in at -$0.21 per share, but it turned out to be -$0.82, a -290.50% surprise. For the quarter, EBITDA amounted to -$16.0 million. Shareholders own equity worth $48.31 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Stronghold Digital Mining Inc. (SDIG) price momentum. RSI 9-day as of the close on 08 September was 42.85%, suggesting the stock is Neutral, with historical volatility in this time frame at 124.82%.

As of today, SDIG’s price is $1.4222 +16.15% or $0.2212 from its 5-day moving average. SDIG is currently trading -45.32% lower than its 20-day SMA and -65.56% lower than its 100-day SMA. However, the stock’s current price level is -1.78% below the SMA50 and -92.53% below the SMA200.

The stochastic %K and %D were 22.89% and 12.70%, respectively, and the average true range (ATR) was 0.2203. With the 14-day stochastic at 38.70% and the average true range at 0.2518, the RSI (14) stands at 41.67%. The stock has reached 0.0336 on the 9-day MACD Oscillator while the 14-day reading was at -0.1461.

Analyst Ratings

Cowen downgraded Stronghold Digital Mining Inc. (NASDAQ: SDIG) to a a Market perform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Stronghold Digital Mining Inc. (SDIG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SDIG, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 5 others rate it as a “buy”.

What is SDIG’s price target for the next 12 months?

Analysts predict a range of price targets between $2.25 and $6.50, with a median target of $4.00. Taking a look at these predictions, the average price target given by analysts for Stronghold Digital Mining Inc. (SDIG) stock is $4.29.

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