On September 18, 2024, Gregory Beard, CEO and 10% Owner of Stronghold Digital Mining Inc (SDIG, Financial), executed a sale of 44,261 shares of the company. Following this transaction, the insider now owns 379,324 shares of Stronghold Digital Mining Inc. The sale was documented through an SEC Filing.
Stronghold Digital Mining Inc is engaged in the business of cryptocurrency mining with a focus on environmentally beneficial operations. The company utilizes waste coal to power its mining operations, which not only provides a source of energy but also helps in the remediation of land damaged by waste coal in Pennsylvania.
Over the past year, Gregory Beard has sold a total of 155,932 shares of Stronghold Digital Mining Inc and has not made any purchases of the stock. This recent transaction is part of a broader trend seen within the company, where there have been 29 insider sells and no insider buys over the last year.
As of the latest transaction, Stronghold Digital Mining Inc (SDIG, Financial) shares were trading at $4.44, giving the company a market cap of $65.321 million. According to the GF Value, the intrinsic value of the stock is estimated at $2.19, indicating that the stock is significantly overvalued with a price-to-GF-Value ratio of 2.03.
The GF Value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale might be of interest to investors tracking insider behaviors and evaluating the valuation and investment potential of Stronghold Digital Mining Inc (SDIG, Financial).
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
