How to Buy Stronghold Digital Mining Stock
Stronghold Digital Mining Inc
Stronghold Digital Mining, Inc. , a crypto asset mining company, focuses on mining Bitcoin in the United States. It also operates coal refuse power generation facilities.
Stronghold Digital Mining stock last closed at $2.69, up 0% from the previous day, and has decreased 75.09% in one year. It has underperformed other stocks in the Capital Markets industry by 0.87 percentage points. Stronghold Digital Mining stock is currently +63.03% from its 52-week low of $1.65, and -77.01% from its 52-week high of $11.70.
At the moment, there are 15.05M shares of SDIG outstanding. The market value of SDIG is $40.49M. In the last 24 hours, 634,099 SDIG shares were traded.
How to Buy Stronghold Digital Mining Stock
Wondering how to invest in Stronghold Digital Mining stock? Here's how.
- Decide where to buy Stronghold Digital Mining stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Stronghold Digital Mining stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Choose your payment method and add your details.
- Evaluate Stronghold Digital Mining stock: The Stronghold Digital Mining ticker symbol is SDIG. Is Stronghold Digital Mining stock a good investment? Should you buy shares of SDIG? How do SDIG's underlying business fundamentals look? Do top analysts think Stronghold Digital Mining is a good buy? Why has SDIG's stock price moved recently? (Hint: Our stock research tools can help you evaluate if SDIG is a good stock to buy).
- Make your SDIG trade: Decide if you will purchase SDIG shares at the current market price or use a limit order to purchase SDIG shares at a particular price.
- Watch your SDIG investment: Create a watchlist to important notifications about your position in Stronghold Digital Mining stock.
Step 1: Decide where to buy Stronghold Digital Mining stock
You need an online brokerage account to access the NASDAQ market and buy SDIG shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you can invest in SDIG stock today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to start your new brokerage account.
- Send your application by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your brokerage account
Now that you have opened your account on investing apps, your next step is to transfer the money for your investment:
Check out the tutorial below if you need help transferring money into your new brokerage account.
Step 4: Evaluate Stronghold Digital Mining stock
Once you have identified the best place to buy Stronghold Digital Mining stock, it's critical to analyze their stock prior to buying, so you can wrap your head around the risk and upside.
Stronghold Digital Mining quick stats
Stronghold Digital Mining Fundamentals
WallStreetZen was designed to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SDIG's stock page.
What is the fair value of SDIG stock?
Analysts use many financial metrics, analyses, models, and charts to gauge SDIG's intrinsic value.
Using relative valuations ratios:
- SDIG may be undervalued based on its P/B ratio of 0.93x, relative to Capital Markets industry P/B ratio of 1.81x
You can do additional valuation analysis on SDIG's stock here.
Is SDIG a healthy company?
Negative Health Checks:
- SDIG has cash burn of 31063154. It does not have sufficient cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the SDIG balance sheet.
- SDIG has $7.39M in cash and short term investments. This is not sufficient to cover its annual cash burn of $31.06M.
- There are more short-term liabilities than short-term assets on the SDIG balance sheet.
- SDIG has a relatively high debt to equity ratio of 2.55.
- SDIG profit margin has gone down from -81% to -95.2% in the past year.
Do analysts think it's a good time to buy SDIG stock
Out of 2 sell side analysts who give ratings on SDIG, the consensus analyst rating on SDIG is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dive deeper into what analysts are saying on the Stronghold Digital Mining stock forecast page.
SDIG Momentum
SDIG Growth Metrics
Last year, SDIG revenue was $74.97M. Over the last four year, SDIG's revenue has gone up by 61.39% per year. This was faster than the Capital Markets industry average of 13.07%.
You can analyze SDIG's earnings and revenue performance here.
Latest Insiders Trades at SDIG
Over the past year, executives and large shareholders at SDIG have sold more shares than they have bought.
Indira Agarwal, Director of SDIG, was the latest SDIG insider to buy. They bought $16,717.05 worth of SDIG shares on Apr 15, 2024.
Get more info about who owns SDIG shares here.
Can I rely on SDIG as an income stream?
No, Stronghold Digital Mining doesn't provide an income stream by paying out dividends.
Get opinions from other traders
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Step 5: Make your SDIG trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount, place a limit order.
Press the Open button and your broker will execute your order.
If you need additional help with buying stocks on eToro, watch the how to video below:
Step 6: Watch your SDIG investment
Now that you own some shares in SDIG, you'll want to stay up-to-date on your shares.
Create a watchlist to track the most important metrics related to your SDIG stock.
SDIG Feed
How to Buy Stock in Stronghold Digital Mining
To reiterate, here are the 6 steps for buying Stronghold Digital Mining stock:
- Decide where to buy Stronghold Digital Mining stock
- Open your brokerage account
- Deposit money your brokerage account
- Evaluate Stronghold Digital Mining stock
- Make your SDIG trade
- Watch your SDIG investment
If you are looking for a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to track your new investment in Stronghold Digital Mining, hit the button below to create your watchlist.
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