Soluna Holdings Inc. (NASDAQ:SLNH) shares traded -16.92% lower at $0.27 on Wall Street last session.
In accordance with the data, 1 analysts cover Soluna Holdings Inc. (NASDAQ:SLNH). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $9.60 and a low of $9.60, we find $9.60. Given the previous closing price of $0.32, this indicates a potential upside of 2900.0 percent. SLNH stock price is now -28.69% away from the 50-day moving average and -88.28% away from the 200-day moving average. The market capitalization of the company currently stands at $14.06M.
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It has been rated a hold by 0 analysts and a buy by 1. Brokers who have rated the stock have averaged $9.60 as their price target over the next twelve months.
In other news, Bottomley John, Director bought 9,000 shares of the company’s stock on Sep 02. The stock was bought for $28,860 at an average price of $3.21. Upon completion of the transaction, the Director now directly owns 49,000 shares in the company, valued at $13230.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 24, Director Phelan William P bought 7,657 shares of the business’s stock. A total of $24,968 was incurred on buying the stock at an average price of $3.26. This leaves the insider owning 333,407 shares of the company worth $90019.89. Insiders disposed of 6,969 shares of company stock worth roughly $1881.63 over the past 1 year. A total of 6.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SLNH stock. A new stake in Soluna Holdings Inc. shares was purchased by VIRTU FINANCIAL LLC during the first quarter worth $9,000. TWO SIGMA SECURITIES, LLC invested $5,000 in shares of SLNH during the first quarter. In the first quarter, HRT FINANCIAL LP acquired a new stake in Soluna Holdings Inc. valued at approximately $3,000. In total, there are 33 active investors with 13.70% ownership of the company’s stock.
Soluna Holdings Inc. (NASDAQ: SLNH) opened at $0.3300 on Tuesday. During the past 12 months, Soluna Holdings Inc. has had a low of $0.25 and a high of $11.92. The fifty day moving average price for SLNH is $0.3786 and a two-hundred day moving average price translates $2.2699 for the stock.
The latest earnings results from Soluna Holdings Inc. (NASDAQ: SLNH) was released for Sep, 2022. The company reported revenue of $6.37 million for the quarter, compared to $3.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 103.97 percent.
Soluna Holdings Inc.(SLNH) Company Profile
Soluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining. It also operates in the blockchain business. The company is headquartered in Albany, New York.
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