Stronghold Digital Mining Inc SDIG shares are trading lower by 24.43% to $2.41 during Wednesday's trading session after the company reported worse-than-expected second-quarter sales results.
What Happened?
Stronghold Digital Mining reported quarterly losses of 82 cents per share. The company reported also quarterly sales of $29.18 million which missed the analyst consensus estimate of $34.86 million by 16%.
Also, B. Riley Securities analyst Lucas Pipes maintained Stronghold Digital Mining with a Buy and lowered the price target from $5 to $4.
See Also: Here's How Much You'd Have Now If You Invested $1,000 In Bitcoin, Ethereum And Dogecoin 5 Years Ago
According to data from Benzinga Pro, Stronghold Digital Mining has a 52-week high of $3.64 and a 52-week low of $0.55.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
