This ratio essentially compares the P/E to its growth rate, thus, for many, telling a more complete story than just the P/E ratio alone. The Cash/Price ratio is calculated as cash and marketable securities per share divided by the stock price. The Stronghold Digital Mining, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes. All Rights Reserved. Zacks Rank Education - Learn about the Zacks Rank, Zacks Rank Home - Zacks Rank resources in one place, Zacks Premium - The only way to fully access the Zacks Rank. It is the most commonly used metric for determining a company's value relative to its earnings. A ratio of 1 means a company's assets are equal to its liabilities. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. SDIG only recently listed within the past 12 months. Growth traders and investors will tend to look for growth rates of 20% or higher. The scores are based on the trading styles of Value, Growth, and Momentum. Since cash can't be manipulated like earnings can, it's a preferred metric for analysts. A P/B of 0.5 means its selling at half its book value. Dilution of Shares: SDIG only recently listed within the past 12 months. As they say, 'price follows volume'. This is also commonly referred to as the Asset Utilization ratio. High Growth Revenue: SDIG's revenue (29.7% per year) is forecast to grow faster than 20% per year. Core Scientific is also gearing up for an IPO, which will further broaden options for Bitcoin stock investors. High ROE: SDIG has a negative Return on Equity (-27.7%), as it is currently unprofitable. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. SDIG is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Software industry average (5.1x). Stable Dividend: Insufficient data to determine if SDIG's dividends per share have been stable in the past. Given the current short-term trend, the stock is expected to fall -23.16% during the next 3 months and, with a 90% probability hold a price between $0.87 and $2.38 at the end of this 3-month period. So be sure to compare it to its group when comparing stocks in different industries. Market Realist is a registered trademark. For example, a regional bank would be classified in the Finance Sector.
Average annual earnings growth of 62% is required to achieve expected profit on schedule. ROE is always expressed as a percentage. With the wide selection, investors are trying to identify the best Bitcoin miner stock to buy. (0.80%) than the support at $2.46 Many other growth items are considered as well. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. For one, part of trading is being able to get in and out of a stock easily. Its Value Score of C indicates it would be a neutral pick for value investors. Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. For the upcoming trading day on Monday 1st we expect Stronghold Digital Mining, Inc. to open at $2.47, and during day (based on 14 day Average True Range), Furthermore, Stronghold CEO Gregory Beard has said that producing its own electricity puts the company in a great position to generate better profit margins than its competitors.
Learn more here. By using the site you agree and are held You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. #7519 as hold candidate. Others will look for a pullback on the week as a good entry point, assuming the longer-term price changes (4 week, 12 weeks, etc.) Value Style - Learn more about the Value Style. If the P/S ratio is 1, that means you're paying $1 for every $1 of sales the company makes. Investors have an expanding selection of Bitcoin mining stocks to choose from. Beard is a founding and managing Show more. How good is it? After the P/E ratio, it's one of the most common valuation metrics. The Momentum Scorecard focuses on price and earnings momentum and indicates when the timing is right to enter a stock. Share price rose 22% to US$1.91 over the past week. It takes the consensus sales estimate for the current fiscal year (F1) divided by the sales for the last completed fiscal year (F0) (actual if reported, the consensus if not). The (Q1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current quarter (Q1) over the last 4 weeks. What is SDIGs upside potential, based on the analysts average price target? You will never miss our latest news, trading ideas, podcasts, and market signals. As the name suggests, it's calculated as sales divided by assets. The price has fallen in 5 of the last 10 days, but is still up by 37.16% over the past 2 weeks. Since the stock is closer to the resistance from accumulated volume at $2.53 Is SDIG undervalued compared to its fair value, analyst forecasts and its price relative to the market? This item is updated at 9 pm EST each day. This longer-term historical perspective lets the user see how a company has grown over time. It currently has a Growth Score of A. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective. Users should not base their investment decision upon StockInvest.us. Bitcoin trends will greatly influence SDIG stock in the future. Projected EPS Growth looks at the estimated growth rate for one year. SDIG has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 127.3% each year. The Momentum Scorecard table also displays the values for its respective Industry along with the values and Momentum Score of its three closest peers. Insufficient data to determine if SDIG's debt to equity ratio has reduced over the past 5 years. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Historical EPS Growth Rate looks at the average annual (trailing 12 months) EPS growth rate over the last 3-5 years of actual earnings. More Bitcoin ETFs from providers such as Invesco, Valkyrie, and VanEck are expected to launch in the future. The company has mined only a tiny amount of Bitcoin so far, but that's expected to change. A higher number is better than a lower number.
Click to get the best stock tips daily for free! How experienced are the management team and are they aligned to shareholders interests? Beard, also known as Greg, serves as Chief Executive Officer, President and Co-Chairman of the Board at Stronghold Digital Mining, Inc. since March 2021. For example, a company with a P/E ratio of 25 and a growth rate of 20% would have a PEG ratio of 1.25 (25 / 20 = 1.25). Revenue vs Market: SDIG's revenue (29.7% per year) is forecast to grow faster than the US market (7.9% per year). Shareholder Equity (which is the difference between Total Assets and Total Liabilities) can be found on the Balance Sheet. Earnings vs Industry: SDIG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (21%). General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Reducing Debt: Insufficient data to determine if SDIG's debt to equity ratio has reduced over the past 5 years. It closed the day up 52 percent at $28.90. Cash Flow is net income plus depreciation and other non-cash charges. dynamically calculated RSI max/min levels. A sales/assets ratio of 2.50 means the company generated $2.50 in revenue for every $1.00 of assets on its books. Bitcoins recent spike to a record of about $67,000 came in response to the launch of ProShares Bitcoin ETF. Compensation vs Earnings: Insufficient data to compare Greg's compensation with company performance. SDIG is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (21%). Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. This includes personalizing content and advertising. Insufficient data to compare Greg's compensation with company performance. Within the VGM Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy srocks with the highest probability of success. This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors. For the last week, the stock has had a daily average volatility of 13.81%. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization. Our recommended stop-loss: Volume fell on the last day by -1 million shares and in total, 2 million shares were bought and sold for approximately $4.10 million. The (F1) EPS Estimate Quarterly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 12 weeks. The EV/EBITDA ratio is a valuation multiple and is often used in addition, or as an alternative, to the P/E ratio. Copyright 2022 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. ROE values, like other values, can vary significantly from one industry to another. Once again, cash flow is net income plus depreciation and other non-cash charges. Backtested performance is developed with the benefit of hindsight and has inherent limitations. Are Options Traders Betting on a Big Move in Stronghold Digital (SDIG) Stock. Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement. Conversely, if the yield on stocks is higher than the 10 Yr., then stocks would be considered undervalued. And like the P/E ratio, a lower number is typically considered 'better' than a higher number. Momentum Style - Learn more about the Momentum Style. For example, a stock trading at $35 with earnings of $3 would have an earnings yield of 0.0857 or 8.57%. SDIG's short term assets ($50.6M) exceed its. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. This is also useful to know when comparing a stock's daily volume (which can be found on a ticker's hover-quote) to that of its average volume. Return on Equity (or ROE) is calculated as income divided by average shareholder equity (past 12 months, including reinvested earnings). This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. So, when comparing one stock to another in a different industry, it's best make relative comparisons to that stock's respective industry values. The PEG ratio is the P/E ratio divided by its growth rate. It's used by investors as a measure of financial health. The Current Ratio is defined as current assets divided by current liabilities. This list of both classic and unconventional valuation items helps separate which stocks are overvalued, rightly lowly valued, and temporarily undervalued which are poised to move higher. High Dividend: Unable to evaluate SDIG's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts. Beard is a founding and managing. Using this item along with the 'Current Cash Flow Growth Rate' (in the Growth category above), and the 'Price to Cash Flow ratio' (several items above in this same Value category), will give you a well-rounded indication of the amount of cash they are generating, the rate of their cash flow growth, and the stock price relative to its cash flow. The 1 Week Price Change displays the percentage price change over the last 5 trading days using the most recently completed close to the close from 5 days before. A change in margin can reflect either a change in business conditions, or a company's cost controls, or both. An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. Today SDIG ranks Compensation vs Market: Greg's total compensation ($USD4.58M) is above average for companies of similar size in the US market ($USD773.41K). But, typically, an aggressive growth trader will be interested in the higher growth rates. Conventional wisdom also has it that if the yield on the stock market (S&P 500 for example) is lower that the yield on the 10 Yr., then stocks would be considered overvalued. Net Margin is defined as net income divided by sales. For example, a P/S ratio of 0.5 means you're paying 50 cents for every $1 of sales the company makes. What is SDIGs average 12-month price target, according to analysts? Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. This is also referred to as the cash yield. The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. The 4 week price change is a good reference point for the individual stock and how it's performed in relation to its peers. If a company's expenses are growing faster than their sales, this will reduce their margins. Seeing a stock's EPS change over 1 week is important. A D/E ratio of 1 means its debt is equivalent to its common equity. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A P/B of 2 means it's selling at 2 times its book value. Above 1 means it assets are greater than its liabilities. The consensus outlook for earnings per share (EPS) in 2022 has deteriorated. The Zacks database contains over 10,000 stocks. But note, different industries have different margin rates that are considered good. The tested combination of price performance, and earnings momentum (both actual and estimate revisions), creates a powerful timeliness indicator to help you identify stocks on the move so you know when to get in and when to get out. These returns cover a period from January 1, 1988 through June 6, 2022. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. A higher number is better than a lower one as it shows how effective a company is at generating revenue from its assets. RECORD BREAKER: $BITO assets up to $1.1b after today, making it the fastest ETF to get to $1b (2 days) breaking $GLDs 18yr old record (3 days), which is poetically apropos. SDIG is expected to become profitable in the next 3 years. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Aside from using absolute numbers, however, you can also find value by comparing the P/E ratio to its relevant industry and its peers. Since bonds and stocks compete for investors' dollars, a higher yield typically needs to be paid to the stock investor for the extra risk being assumed vs. the virtual risk-free investment offered in U.S.-backed Treasuries. While earnings are the driving metric behind stock prices, there wouldn't be any earnings to calculate if there weren't any sales to begin with. Unable to calculate sustainability of dividends as SDIG has not reported any payouts. As a point of reference, over the last 10 years, the median sales growth for the stocks in the S&P 500 was 14%. On a fall, the stock will find some support from the long-term average at approximately $2.04. Backtested performance is not an indicator of future actual results. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500. In this example, we are using the consensus earnings estimate for the Current Fiscal Year (F1). TipRanks is a comprehensive investing tool that allows private investors and day traders to see the measured performance of anyone who provides financial advice. the top Bitcoin mining stocks by market cap, trade at $53 and $31, respectively. The (F1) EPS Estimate Monthly Change calculates the percentage change in the consensus earnings estimate for the current year (F1) over the last 4 weeks. Significantly Below Fair Value: Insufficient data to calculate SDIG's fair value for valuation analysis. Volatility Over Time: SDIG's weekly volatility (23%) has been stable over the past year, but is still higher than 75% of US stocks. Consensus price target down from US$10.67 to US$9.33. are strong. attractive and any bets should be hold until the stock is closer to the support level. Current Cash Flow Growth measures the percent change in the year over year Cash Flow. Return vs Market: Insufficient data to determine how SDIG performed against the US Market.
Like the P/E ratio, a lower number is considered better. The 52 Week Price Change displays the percentage price change over the most recently completed 52 weeks (260 trading days). Debt Level: SDIG's net debt to equity ratio (39.2%) is considered satisfactory. A D/E ratio of 2 might be par for the course in one industry, while 0.50 would be considered normal for another. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. This measure is expressed as a percentage. Growing Dividend: Insufficient data to determine if SDIG's dividend payments have been increasing. Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F. As an investor, you want to buy stocks with the highest probability of success. Which metric is best to use when looking at relative valuation for SDIG? So, as with other valuation metrics, it's a good idea to compare it to its relevant industry. All of those stocks are classified into three groups: Sector, M Industry and X Industry. Zacks Style Scores Education - Learn more about the Zacks Style Scores. In short, this is how much a company is worth. Less than 1 means its liabilities exceed its short-term assets (cash, inventory, receivables, etc.). Real time prices by BATS. There are 17 Sectors, 60 different M Industries, and 265 X Industries. Based on analyst ratings, Stronghold Digital Minings 12-month average price target is $6.00. A higher number means the more debt a company has compared to its capital structure. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. Learn more, See historical performance and comparison. You have successfully joined our subscriber list. It rose as much as 68 percent to touch $31.90 high in the early hours of its debut. Insufficient data to calculate SDIG's fair value for valuation analysis. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate. A sell signal was issued from a pivot top point on Wednesday, July 20, 2022, and so far it has fallen -21.81%. (-5.26%) Seeing a company's projected sales growth instantly tells you what the outlook is for their products and services. Experienced Board: SDIG's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board. Beard, also known as Greg, serves as Chief Executive Officer, President and Co-Chairman of the Board at Stronghold Digital Mining, Inc. since March 2021. Its $28.90 closing price was 10 percent below its debut peak. Ideally, an investor would like to see a positive EPS change percentage in all periods, i.e., 1 week, 4 weeks, and 12 weeks. 7:22 PM ET. Some investors seek out stocks with the best percentage price change over the last 52 weeks, expecting that momentum to continue. This time period essentially shows you how the consensus estimate has changed from the time of their last earnings report. High Growth Earnings: SDIG is expected to become profitable in the next 3 years. Zacks Premium - The way to access to the Zacks Rank. Insufficient data to determine if SDIG's dividend payments have been increasing. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B. Cash flow can be found on the cash flow statement. (-27.7%), as it is currently unprofitable. Others look for those that have lagged the market, believing those are the ones ripe for the biggest increases to come. to move between $2.13 and $2.89, The Growth Scorecard table also displays the values for its respective Industry along with the values and Growth Score of its three closest peers. SDIG's revenue (29.7% per year) is forecast to grow faster than the US market (7.9% per year). And within the M Industry, it might further be delineated into the X Industry group called Banks Northeast. Zacks Style Scores Education - Learn more about the Zacks Style Scores. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style. While a P/B of less than 3 would mean it's trading at a discount to the market, different industries have different median P/B values. What is the Fair Price of SDIG when looking at its future cash flows? A value under 20 is generally considered good.
A value greater than 1, in general, is not as good (overvalued to its growth rate). to determine if its dividend payments are covered by earnings. Return vs Industry: Insufficient data to determine how SDIG performed against the US Software industry. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. No representations and warranties are made as to the reasonableness of the assumptions. Please note all regulatory considerations regarding the presentation of fees must be taken into account. We use cookies to understand how you use our site and to improve your experience. Stronghold priced its stock at $19 for the public offering, above the marketed range of $16$18. A higher number means the company has more debt to equity, whereas a lower number means it has less debt to equity. Stronghold Digital Mining, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. With 12 weeks representing a meaningful part of a year, this time period will show whether a stock has been enjoying strong investor demand, or if it's in consolidation, or distress. Offers may be subject to change without notice. Changes in these assumptions may have a material impact on the backtested returns presented. A P/S ratio of 2 means you're paying $2 for every $1 of sales the company makes.
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Losses expected to increase from US$1.25 per share to US$1.38. Stronghold uses waste coal to generate electricity for its Bitcoin mining operations. The company was incorporated in 2021 and is headquartered in New York, New York. So the PEG ratio tells you what you're paying for each unit of earnings growth. The 1 week price change reflects the collective buying and selling sentiment over the short-term. Unable to evaluate SDIG's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts. The financial health and growth prospects of SDIG, demonstrate its potential to perform inline with the market. So it's a good idea to compare a stock's debt to equity ratio to its industry to see how it stacks up to its peers first. The TipRanks Smart Score performance is based on backtested results. Discover the power of social investing with. In addition, Stronghold Digital Mining, Inc. has a VGM Score of A (this is a weighted average of the individual Style Scores which allow you to focus on the stocks that best fit your personal trading style). The Projected Sales Growth (F1/F0) looks at the estimated growth rate for the current year. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day despite gaining prices. It's calculated as earnings divided by price. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. There are many reasons to believe Bitcoin will continue to rise. Stronghold Digital Mining, Inc., a crypto asset mining company, focuses on mining Bitcoin in the United States. The Price to Book ratio or P/B is calculated as market capitalization divided by its book value. The longer-term perspective helps smooth out short-term events. 0.00 (0.00%) Visit Performance Disclosure for information about the performance numbers displayed above. SDIG is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (3.7x). The 12 Week Price Change displays the percentage price change over the most recently completed 12 weeks (60 days). In general, a lower number or multiple is usually considered better that a higher one. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. Note: there are many factors that can influence the longer-term number, not the least of which is the overall state of the economy (recession will reduce this number for example, while a recovery will inflate it), which can skew comparisons when looking out over shorter time frames. It is used to help gauge a company's financial health.
Like earnings, a higher growth rate is better than a lower growth rate. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.
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