Analyzing the Price-to-Earnings Ratio of Soluna Holdings Inc (SLNH)

The 36-month beta value for SLNH is also noteworthy at 2.62. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for SLNH is 1.33M, and at present, short sellers hold a 2.56% of that float. The average trading volume of SLNH on April 04, 2024 was 99.86K shares.

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SLNH) stock’s latest price update

Soluna Holdings Inc (NASDAQ: SLNH)’s stock price has gone decline by -7.22 in comparison to its previous close of 2.91, PennyStocks reported 2023-07-26 that Today’s penny stock market is brimming with high-volatility stocks. That especially relates to those that fall into the category of the cheapest penny stocks.

SLNH’s Market Performance

SLNH’s stock has fallen by 0.00% in the past week, with a monthly drop of -24.79% and a quarterly drop of -36.62%. The volatility ratio for the week is 12.63% while the volatility levels for the last 30 days are 13.97% for Soluna Holdings Inc The simple moving average for the past 20 days is -18.96% for SLNH’s stock, with a -38.29% simple moving average for the past 200 days.

SLNH Trading at -15.97% from the 50-Day Moving Average

After a stumble in the market that brought SLNH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -72.31% of loss for the given period.

Volatility was left at 13.97%, however, over the last 30 days, the volatility rate increased by 12.63%, as shares sank -33.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.18% lower at present.

During the last 5 trading sessions, SLNH remain unchanged, which changed the moving average for the period of 200-days by -40.98% in comparison to the 20-day moving average, which settled at $3.26. In addition, Soluna Holdings Inc saw -32.50% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SLNH starting from MICHAELS DAVID C, who purchase 3,000 shares at the price of $3.25 back on Dec 15 ’23. After this action, MICHAELS DAVID C now owns 5,669 shares of Soluna Holdings Inc, valued at $9,750 using the latest closing price.

MICHAELS DAVID C, the Chief Financial Officer of Soluna Holdings Inc, purchase 369 shares at $3.10 during a trade that took place back on Dec 14 ’23, which means that MICHAELS DAVID C is holding 2,669 shares at $1,144 based on the most recent closing price.

Stock Fundamentals for SLNH

Current profitability levels for the company are sitting at:

  • -1.06 for the present operating margin
  • 0.41 for the gross margin

The net margin for Soluna Holdings Inc stands at -1.4. The total capital return value is set at -0.35. Equity return is now at value -85.41, with -33.14 for asset returns.

Based on Soluna Holdings Inc (SLNH), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 0.74. The interest coverage ratio of the stock is -13.07.

Currently, EBITDA for the company is -6.05 million with net debt to EBITDA at -0.9. When we switch over and look at the enterprise to sales, we see a ratio of 0.7. The receivables turnover for the company is 6.21for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.

Conclusion

In summary, Soluna Holdings Inc (SLNH) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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