Key Points
- Director William Phelan sold 12,037 Soluna shares at an average price of $1.12, generating $13,481.44. He retained 2,279,985 shares after the transaction, a 0.53% reduction in his ownership.
- Soluna’s latest quarterly results fell short of expectations, with a loss of $0.18 per share versus the anticipated $0.11 loss and revenue of $15.06 million versus the $15.70 million consensus estimate.
- Analysts have a mixed outlook, resulting in a consensus “Hold” rating and an average $4.00 price target, while institutional investors own 23.19% of the company.
Soluna Holdings, Inc. (NASDAQ:SLNH - Get Free Report) Director William Phelan sold 12,037 shares of the firm's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $1.12, for a total transaction of $13,481.44. Following the completion of the sale, the director owned 2,279,985 shares of the company's stock, valued at $2,553,583.20. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Soluna Price Performance
SLNH stock opened at $1.20 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 2.06. The company's 50-day moving average is $1.22 and its 200-day moving average is $1.22. The stock has a market capitalization of $296.04 million, a PE ratio of -1.07 and a beta of 5.07. Soluna Holdings, Inc. has a 1 year low of $0.43 and a 1 year high of $5.14.
Soluna (NASDAQ:SLNH - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.07). The firm had revenue of $15.06 million during the quarter, compared to the consensus estimate of $15.70 million. Soluna had a negative net margin of 182.16% and a negative return on equity of 52.19%. Equities research analysts expect that Soluna Holdings, Inc. will post -0.41 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have weighed in on SLNH. Zacks Research upgraded shares of Soluna to a "hold" rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of Soluna from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Friday, June 12th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $4.00 price target on shares of Soluna in a research report on Monday, August 17th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Soluna currently has a consensus rating of "Hold" and an average price target of $4.00.
Check Out Our Latest Stock Analysis on Soluna
Institutional Trading of Soluna
Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in Soluna by 226.4% during the first quarter. Renaissance Technologies LLC now owns 835,277 shares of the company's stock worth $590,000 after purchasing an additional 579,335 shares during the last quarter. Ardsley Advisory Partners LP bought a new position in shares of Soluna during the 4th quarter worth approximately $2,018,000. OMERS ADMINISTRATION Corp lifted its position in shares of Soluna by 55.2% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 107,100 shares of the company's stock worth $76,000 after buying an additional 38,100 shares in the last quarter. Azora Capital LP boosted its stake in shares of Soluna by 97.7% in the 4th quarter. Azora Capital LP now owns 29,369 shares of the company's stock worth $34,000 after buying an additional 14,513 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Soluna by 989.3% in the 4th quarter. Jane Street Group LLC now owns 665,649 shares of the company's stock worth $779,000 after buying an additional 604,540 shares during the last quarter. Institutional investors own 23.19% of the company's stock.
Soluna Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
