The stock of Soluna Holdings Inc (SLNH) has seen a 37.97% increase in the past week, with a -5.49% drop in the past month, and a -16.23% decrease in the past quarter. The volatility ratio for the week is 10.09%, and the volatility levels for the past 30 days are at 13.37% for SLNH. The simple moving average for the past 20 days is 7.35% for SLNH’s stock, with a -38.29% simple moving average for the past 200 days.
Is It Worth Investing in Soluna Holdings Inc (NASDAQ: SLNH) Right Now?
Additionally, the 36-month beta value for SLNH is 2.66. 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 0.84M and currently, short sellers hold a 13.22% ratio of that float. The average trading volume of SLNH on April 25, 2024 was 114.07K shares.
SLNH) stock’s latest price update
Soluna Holdings Inc (NASDAQ: SLNH) has experienced a rise in its stock price by 12.17 compared to its previous closing price of 2.30. However, the company has seen a gain of 37.97% in its stock price over the last five trading days. 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 Trading at -13.87% 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 -73.54% of loss for the given period.
Volatility was left at 13.37%, however, over the last 30 days, the volatility rate increased by 10.09%, as shares sank -4.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.12% lower at present.
During the last 5 trading sessions, SLNH rose by +37.97%, which changed the moving average for the period of 200-days by -50.12% in comparison to the 20-day moving average, which settled at $2.40. In addition, Soluna Holdings Inc saw -35.50% 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 0.43 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 0.75. 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 0.84. 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 conclusion, Soluna Holdings Inc (SLNH) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
