Company’s 36-month beta value is 2.98.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SLNH is 4.65M, and currently, short sellers hold a 3.82% ratio of that floaft. The average trading volume of SLNH on August 22, 2024 was 268.94K shares.
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SLNH) stock’s latest price update
Soluna Holdings Inc (NASDAQ: SLNH)’s stock price has gone rise by 14.39 in comparison to its previous close of 4.31, however, the company has experienced a 14.65% increase 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.
SLNH’s Market Performance
SLNH’s stock has risen by 14.65% in the past week, with a monthly drop of -19.44% and a quarterly rise of 86.04%. The volatility ratio for the week is 11.97% while the volatility levels for the last 30 days are 14.05% for Soluna Holdings Inc The simple moving average for the past 20 days is 6.09% for SLNH’s stock, with a 37.78% simple moving average for the past 200 days.
SLNH Trading at -5.50% 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 -43.98% of loss for the given period.
Volatility was left at 14.05%, however, over the last 30 days, the volatility rate increased by 11.97%, as shares sank -10.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +57.51% upper at present.
During the last 5 trading sessions, SLNH rose by +14.65%, which changed the moving average for the period of 200-days by +107.14% in comparison to the 20-day moving average, which settled at $4.62. In addition, Soluna Holdings Inc saw 23.25% 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:
- -0.3 for the present operating margin
- 0.5 for the gross margin
The net margin for Soluna Holdings Inc stands at -0.77. The total capital return value is set at -0.17. Equity return is now at value -103.24, with -30.20 for asset returns.
Based on Soluna Holdings Inc (SLNH), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at -0.09. The debt to equity ratio resting at 1.23. The interest coverage ratio of the stock is 11.85.
Currently, EBITDA for the company is -6.05 million with net debt to EBITDA at -4.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.23. The receivables turnover for the company is 10.95for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
In a nutshell, Soluna Holdings Inc (SLNH) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
