Soluna (SLNH) Stock Price, News & Analysis

Company Overview

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.

Key Stats

• Today's Range: $3.33 to $3.64
• 50-Day Range: $2.86 to $4.52
• 52-Week Range: $1.40 to $8.80
• Volume: 148,027 shs
• Average Volume: 237,531 shs
• Market Capitalization: $28.71 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

Soluna Stock Analysis - MarketRank™

Soluna scored higher than 21% of companies evaluated by MarketBeat, and ranked 258th out of 321 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Soluna.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Soluna is -0.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Soluna is -0.24, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Soluna has a P/B Ratio of 0.56. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.42% of the float of Soluna has been sold short.

Short Interest Ratio / Days to Cover

Soluna has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Soluna has recently increased by 13.54%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Soluna does not currently pay a dividend.

Dividend Growth

Soluna does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

4.42% of the float of Soluna has been sold short.

Short Interest Ratio / Days to Cover

Soluna has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Soluna has recently increased by 13.54%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.2 / 5
• News Sentiment: -0.04

News Sentiment

Soluna has a news sentiment score of -0.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for Soluna this week, compared to 1 article on an average week.

Search Interest

1 people have searched for SLNH on MarketBeat in the last 30 days.

MarketBeat Follows

4 people have added Soluna to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Soluna insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $323,946.00 in company stock.

Percentage Held by Insiders

27.30% of the stock of Soluna is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 23.19% of the stock of Soluna is held by institutions.

SLNH Stock Analysis - Frequently Asked Questions

How have SLNH shares performed this year?

Soluna's stock was trading at $4.00 on January 1st, 2024. Since then, SLNH shares have decreased by 14.3% and is now trading at $3.43.
View the best growth stocks for 2024 here.

When did Soluna's stock split?

Shares of Soluna reverse split before market open on Monday, October 16th 2023. The 1-25 reverse split was announced on Thursday, October 12th 2023. The number of shares owned by shareholders was adjusted after the market closes on Friday, October 13th 2023. An investor that had 100 shares of stock prior to the reverse split would have 4 shares after the split.

Who are Soluna's major shareholders?

Top institutional investors of Soluna include TrinityPoint Wealth LLC (0.38%), State Street Corp (0.15%) and Virtu Financial LLC (0.14%). Insiders that own company stock include Michael Toporek, Edward R Hirshfield, Mary Jennifer Oreilly, William P Phelan, Jessica L Thomas, David C Michaels, John Belizaire and William Hazelip.
View institutional ownership trends.

How do I buy shares of Soluna?

Shares of SLNH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Soluna own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Soluna investors own include NVIDIA (NVDA), Meta Platforms (META), Sangamo Therapeutics (SGMO), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE) and Arista Networks (ANET).

Company Calendar

• Today: 11/23/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nondepository credit institutions
• Sub-Industry: Banking
• Current Symbol: NASDAQ:SLNH
• CUSIP: N/A
• CIK: 64463
• Web: www.mechtech.com
• Phone: (518) 218-2500
• Fax: 518-533-2201
• Employees: 60
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): ($14.56)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-29,200,000.00
• Net Margins: -75.30%
• Pretax Margin: -67.89%
• Return on Equity: -45.29%
• Return on Assets: -24.41%

Debt

• Debt-to-Equity Ratio: 0.16
• Current Ratio: 0.59
• Quick Ratio: 0.59

Sales & Book Value

• Annual Sales: $21.07 million
• Price / Sales: 1.36
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $6.16 per share
• Price / Book: 0.56

Miscellaneous

• Outstanding Shares: 8,370,000
• Free Float: 6,087,000
• Market Cap: $28.71 million
• Optionable: No Data
• Beta: 2.93