Soluna (NASDAQ:SLNH) Director Sells $13,481.44 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director William Phelan sold 12,037 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $1.12, for a total value of $13,481.44. Following the transaction, the director directly owned 2,279,985 shares of the company’s stock, valued at approximately $2,553,583.20. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Soluna Price Performance

SLNH stock opened at $1.20 on Monday. The company’s 50 day moving average price is $1.22 and its 200 day moving average price is $1.23. The firm has a market capitalization of $296.04 million, a price-to-earnings ratio of -1.07 and a beta of 5.07. Soluna Holdings, Inc. has a fifty-two week low of $0.43 and a fifty-two week high of $5.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.06 and a current ratio of 2.06.

Soluna (NASDAQ:SLNH) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.07). Soluna had a negative return on equity of 52.19% and a negative net margin of 182.16%.The firm had revenue of $15.06 million during the quarter, compared to analysts’ expectations of $15.70 million. On average, equities research analysts anticipate that Soluna Holdings, Inc. will post -0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Soluna in a report on Monday, August 17th. Zacks Research raised Soluna to a “hold” rating in a report on Tuesday, July 21st. Finally, Weiss Ratings raised Soluna from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Soluna presently has a consensus rating of “Hold” and an average price target of $4.00.

Institutional Trading of Soluna

Institutional investors have recently modified their holdings of the stock. Avaii Wealth Management LLC acquired a new position in shares of Soluna in the 2nd quarter valued at $25,000. Focus Partners Wealth purchased a new stake in Soluna in the third quarter valued at $25,000. Squarepoint Ops LLC purchased a new stake in Soluna in the fourth quarter valued at $30,000. Scientech Research LLC acquired a new position in Soluna in the third quarter valued at $31,000. Finally, Azora Capital LP acquired a new position in Soluna in the second quarter valued at $32,000. Hedge funds and other institutional investors own 23.19% of the company’s stock.

About Soluna

Soluna Computing, Inc (NASDAQ: SLNH) is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.