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.
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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.