The stock price of Soluna Holdings Inc (NASDAQ: SLNH) has dropped by -13.89 compared to previous close of 3.96. Despite this, the company has seen a fall of -28.29% in its stock price over the last five trading days. businesswire.com reported 2024-08-26 that ALBANY, N.Y.–(BUSINESS WIRE)—- $SLNH #SLNH–Soluna Holdings, Inc. (“Soluna” or the “Company”), (NASDAQ: SLNH), a developer of green data centers for intensive computing applications including Bitcoin mining and AI, announced today that John Belizaire, CEO of Soluna Holdings, will be participating in the Water Tower Research Fireside Chat Series on August 28, 2024 at 1:00 PM EDT. This event is open to all investors. Topics will include: An onsite update of the activity happening at Project Dorothy. Soluna’s.
Is It Worth Investing in Soluna Holdings Inc (NASDAQ: SLNH) Right Now?
The stock has a 36-month beta value of 2.96. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SLNH is 4.65M, and at present, short sellers hold a 3.65% of that float. On September 04, 2024, the average trading volume of SLNH was 264.63K shares.
SLNH’s Market Performance
SLNH’s stock has seen a -28.29% decrease for the week, with a -20.88% drop in the past month and a 43.28% gain in the past quarter. The volatility ratio for the week is 12.04%, and the volatility levels for the past 30 days are at 13.82% for Soluna Holdings Inc The simple moving average for the past 20 days is -22.75% for SLNH’s stock, with a -6.84% simple moving average for the past 200 days.
SLNH Trading at -35.60% 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 -61.25% of loss for the given period.
Volatility was left at 13.82%, however, over the last 30 days, the volatility rate increased by 12.04%, as shares sank -18.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.92% lower at present.
During the last 5 trading sessions, SLNH fell by -28.29%, which changed the moving average for the period of 200-days by +40.31% in comparison to the 20-day moving average, which settled at $4.38. In addition, Soluna Holdings Inc saw -14.75% 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 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 149.99.
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 1.01. 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
To sum up, Soluna Holdings Inc (SLNH) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
