Stronghold Digital Mining Stock Probability of Future Stock Price Finishing Under 0.04
| SDIG Stock | USD 5.12 0.45 9.64% |
Stronghold |
Stronghold Digital Target Price Odds to finish below 0.04
The tendency of Stronghold Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.04 or more in 90 days |
| 5.12 | 90 days | 0.04 | near 1 |
Based on a normal probability distribution, the odds of Stronghold Digital to drop to $ 0.04 or more in 90 days from now is near 1 (This Stronghold Digital Mining probability density function shows the probability of Stronghold Stock to fall within a particular range of prices over 90 days) . Probability of Stronghold Digital Mining price to stay between $ 0.04 and its current price of $5.12 at the end of the 90-day period is about 75.57 .
Given the investment horizon of 90 days the stock has the beta coefficient of 4.0 . This usually implies as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Stronghold Digital will likely underperform. Additionally Stronghold Digital Mining has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Stronghold Digital Price Density |
| Price |
Predictive Modules for Stronghold Digital
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Stronghold Digital Mining. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Stronghold Digital Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Stronghold Digital is not an exception. The market had few large corrections towards the Stronghold Digital's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Stronghold Digital Mining, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Stronghold Digital within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -0.23 | |
β | Beta against Dow Jones | 4.00 | |
σ | Overall volatility | 0.49 | |
Ir | Information ratio | 0.02 |
Stronghold Digital Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Stronghold Digital for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Stronghold Digital Mining can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Stronghold Digital had very high historical volatility over the last 90 days | |
| Stronghold Digital has high likelihood to experience some financial distress in the next 2 years | |
| Stronghold Digital Mining currently holds 48.98 B in liabilities with Debt to Equity (D/E) ratio of 0.86, which is about average as compared to similar companies. Stronghold Digital Mining has a current ratio of 0.48, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Stronghold Digital's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 74.97 M. Net Loss for the year was (71.4 M) with profit before overhead, payroll, taxes, and interest of 20.22 M. | |
| Stronghold Digital Mining currently holds about 16.72 M in cash with (7.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.69. | |
| Latest headline from investing.com: Core Scientific shares target raised, buy rating held by Compass Point |
Stronghold Digital Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Stronghold Stock often depends not only on the future outlook of the current and potential Stronghold Digital's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Stronghold Digital's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 6.8 M | |
| Cash And Short Term Investments | 4.2 B |
Stronghold Digital Technical Analysis
Stronghold Digital's future price can be derived by breaking down and analyzing its technical indicators over time. Stronghold Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Stronghold Digital Mining. In general, you should focus on analyzing Stronghold Stock price patterns and their correlations with different microeconomic environments and drivers.
Stronghold Digital Predictive Forecast Models
Stronghold Digital's time-series forecasting models is one of many Stronghold Digital's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Stronghold Digital's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Stronghold Digital Mining
Checking the ongoing alerts about Stronghold Digital for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Stronghold Digital Mining help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Stronghold Digital had very high historical volatility over the last 90 days | |
| Stronghold Digital has high likelihood to experience some financial distress in the next 2 years | |
| Stronghold Digital Mining currently holds 48.98 B in liabilities with Debt to Equity (D/E) ratio of 0.86, which is about average as compared to similar companies. Stronghold Digital Mining has a current ratio of 0.48, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Stronghold Digital's use of debt, we should always consider it together with its cash and equity. | |
| The entity reported the previous year's revenue of 74.97 M. Net Loss for the year was (71.4 M) with profit before overhead, payroll, taxes, and interest of 20.22 M. | |
| Stronghold Digital Mining currently holds about 16.72 M in cash with (7.15 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.69. | |
| Latest headline from investing.com: Core Scientific shares target raised, buy rating held by Compass Point |
Check out Stronghold Digital Backtesting, Stronghold Digital Valuation, Stronghold Digital Correlation, Stronghold Digital Hype Analysis, Stronghold Digital Volatility, Stronghold Digital History as well as Stronghold Digital Performance. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Stronghold Digital. If investors know Stronghold will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Stronghold Digital listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.80) | Revenue Per Share 7.636 | Quarterly Revenue Growth 0.048 | Return On Assets (0.16) | Return On Equity (0.95) |
The market value of Stronghold Digital Mining is measured differently than its book value, which is the value of Stronghold that is recorded on the company's balance sheet. Investors also form their own opinion of Stronghold Digital's value that differs from its market value or its book value, called intrinsic value, which is Stronghold Digital's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Stronghold Digital's market value can be influenced by many factors that don't directly affect Stronghold Digital's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Stronghold Digital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Stronghold Digital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Stronghold Digital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.