In terms of market performance, Stronghold Digital Mining Inc had a somewhat regular. The highest value for the stock in the past year was $11.56 on 12/27/23, while the lowest value was $1.65 on 04/16/24.
52-week price history of SDIG Stock
Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Stronghold Digital Mining Inc’s current trading price is -59.60% away from its 52-week high, while its distance from the 52-week low is 183.03%. The stock’s price range for this period has remained between $1.65 and $11.56. The Financial sector company’s shares managed to surpass a trading volume of around 0.78 million for the day, which was noticeably lower compared to the shares’ average daily volume of 1.63 million over the last three months.
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Financial Performance and Market Capitalization
Stronghold Digital Mining Inc (SDIG) has experienced a quarterly rise of 1.97% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 67.62M and boasts a workforce of 115 employees.
Moving average and trading volume data
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.67, with a change in price of +1.54. Similarly, Stronghold Digital Mining Inc recorded 1,191,821 in trading volume during the last 100 days, posting a change of +49.20%.
SDIG Debt-to-equity ratio analysis
The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for SDIG stands at 1.07. Similarly, the long-term debt-to-equity ratio is also 0.75.
SDIG Stock Stochastic Average
As of today, the raw stochastic average of Stronghold Digital Mining Inc over the last 50 days is at 76.28%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 46.67%. Further, the company’s Stochastic %K and %D values for the last 20 days were 37.98% and 36.87%, respectively.
SDIG Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. This year’s metric has recorded a Price decrease of -36.03%. However, over the past six months, we’ve seen a weaker performance of 17.63%. The price of SDIG leaped by -4.69% over the last 30 days. And in the last five days, it has surged by 5.18%.
