The stock price of Soluna Holdings Inc (NASDAQ: SLNH) has dropped by -9.32 compared to previous close of 5.47. Despite this, the company has seen a fall of -18.95% in its stock price over the last five trading days. businesswire.com reported 2024-07-11 that ALBANY, N.Y.–(BUSINESS WIRE)—- $SLNH #SLNH–Soluna Holdings, Inc. (“SHI” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced its subsidiary, Soluna Cloud, is now offering immediate availability of its AI cloud services to Enterprise customers and Generative AI Labs. At least 512 H100 SXM GPUs are now available in the new service to support generative AI workloads. The availability is on schedule based on the Com.
Is It Worth Investing in Soluna Holdings Inc (NASDAQ: SLNH) Right Now?
The 36-month beta value for SLNH is also noteworthy at 2.98. 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.”
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The public float for SLNH is 3.91M, and at present, short sellers hold a 3.19% of that float. The average trading volume of SLNH on July 31, 2024 was 483.63K shares.
SLNH’s Market Performance
SLNH stock saw a decrease of -18.95% in the past week, with a monthly decline of -18.56% and a quarterly a decrease of 104.96%. The volatility ratio for the week is 11.97%, and the volatility levels for the last 30 days are 14.77% for Soluna Holdings Inc (SLNH). The simple moving average for the past 20 days is -16.09% for SLNH’s stock, with a 42.27% simple moving average for the past 200 days.
SLNH Trading at 7.98% 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 -49.13% of loss for the given period.
Volatility was left at 14.77%, however, over the last 30 days, the volatility rate increased by 11.97%, as shares sank -21.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +90.77% upper at present.
During the last 5 trading sessions, SLNH fell by -18.95%, which changed the moving average for the period of 200-days by -28.25% in comparison to the 20-day moving average, which settled at $5.84. In addition, Soluna Holdings Inc saw 24.00% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLNH starting from MICHAELS DAVID C, who purchase 9,100 shares at the price of $3.47 back on Jun 18 ’24. After this action, MICHAELS DAVID C now owns 87,826 shares of Soluna Holdings Inc, valued at $31,577 using the latest closing price.
MICHAELS DAVID C, the Chief Financial Officer of Soluna Holdings Inc, purchase 3,000 shares at $3.25 during a trade that took place back on Dec 15 ’23, which means that MICHAELS DAVID C is holding 5,669 shares at $9,750 based on the most recent closing price.
Stock Fundamentals for SLNH
Current profitability levels for the company are sitting at:
- -0.49 for the present operating margin
- 0.56 for the gross margin
The net margin for Soluna Holdings Inc stands at -0.9. The total capital return value is set at -0.26. Equity return is now at value -92.99, with -31.33 for asset returns.
Based on Soluna Holdings Inc (SLNH), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.23. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 171.82.
Currently, EBITDA for the company is -6.05 million with net debt to EBITDA at -0.72. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 6.45for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.52.
Conclusion
In summary, Soluna Holdings Inc (SLNH) has had a mixed 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.
