In yesterday’s Wall Street session, Soluna Holdings Inc. (NASDAQ:SLNH) shares traded at $0.25, up 10.22% from the previous session.
1 analysts cover Soluna Holdings Inc. (NASDAQ:SLNH), according to research data. 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 $0.23, this indicates a potential upside of 4073.91 percent. SLNH stock price is now 26.28% away from the 50-day moving average and -55.19% away from the 200-day moving average. The market capitalization of the company currently stands at $15.51M.
The stock has received a hold rating from 0 analysts and a buy rating from 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 $12250.0. 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 $83351.75. Insiders disposed of 6,969 shares of company stock worth roughly $1742.25 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 MOUNT YALE INVESTMENT ADVISORS, LLC during the first quarter worth $9,000. ERGOTELES LLC invested $6,000 in shares of SLNH during the first quarter. In the first quarter, SIMPLICITY SOLUTIONS, LLC acquired a new stake in Soluna Holdings Inc. valued at approximately $5,000. MILLENNIUM MANAGEMENT LLC acquired a new stake in SLNH for approximately $4,000. In total, there are 31 active investors with 13.70% ownership of the company’s stock.
On Wednesday morning Soluna Holdings Inc. (NASDAQ: SLNH) stock kicked off with the opening price of $0.2320. During the past 12 months, Soluna Holdings Inc. has had a low of $0.14 and a high of $5.92. The fifty day moving average price for SLNH is $0.1974 and a two-hundred day moving average price translates $0.5468 for the stock.
The latest earnings results from Soluna Holdings Inc. (NASDAQ: SLNH) was released for Mar, 2023. The company reported revenue of $3.08 million for the quarter, compared to $9.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -66.92 percent.
Soluna Holdings Inc.(SLNH) Company Profile
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.
