Soluna (SLNH) and Its Peers Financial Analysis

Soluna (NASDAQ:SLNH) is one of 104 public companies in the “Nondepository credit institutions” industry, but how does it contrast to its peers? We will compare Soluna to similar companies based on the strength of its earnings, profitability, analyst recommendations, risk, dividends, valuation and institutional ownership.

Insider and Institutional Ownership

23.2% of Soluna shares are held by institutional investors. Comparatively, 33.3% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 22.0% of Soluna shares are held by company insiders. Comparatively, 22.6% of shares of all “Nondepository credit institutions” companies are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Profitability

This table compares Soluna and its peers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Soluna	-138.62%	-47.43%	-28.17%
Soluna Competitors	-102.74%	-69.41%	-20.24%

Analyst Ratings

This is a breakdown of recent ratings and recommmendations for Soluna and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Soluna	0	0	0	0	N/A
Soluna Competitors	428	1602	2407	72	2.47

As a group, “Nondepository credit institutions” companies have a potential upside of 10.13%. Given Soluna’s peers higher possible upside, analysts plainly believe Soluna has less favorable growth aspects than its peers.

Volatility & Risk

Soluna has a beta of 2.65, meaning that its share price is 165% more volatile than the S&P 500. Comparatively, Soluna’s peers have a beta of 5.37, meaning that their average share price is 437% more volatile than the S&P 500.

Earnings and Valuation

This table compares Soluna and its peers gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Soluna	$21.07 million	-$29.20 million	-0.08
Soluna Competitors	$2.71 billion	$391.89 million	15.07

Soluna’s peers have higher revenue and earnings than Soluna. Soluna is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Soluna peers beat Soluna on 9 of the 10 factors compared.

About Soluna

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. The company operates through two segments, Cryptocurrency Mining and Data Center Hosting. It also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.