Soluna Holdings Inc. (NASDAQ:SLNH) shares traded 10.32% higher at $0.34 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 $0.31, this indicates a potential upside of 2996.77 percent. SLNH stock price is now 57.65% away from the 50-day moving average and -23.40% away from the 200-day moving average. The market capitalization of the company currently stands at $16.77M.
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 $16660.0. 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 $0.11 million. Insiders disposed of 6,969 shares of company stock worth roughly $2369.46 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 $12,000. ERGOTELES LLC invested $9,000 in shares of SLNH during the first quarter. In the first quarter, MILLENNIUM MANAGEMENT LLC acquired a new stake in Soluna Holdings Inc. valued at approximately $6,000. In total, there are 27 active investors with 13.70% ownership of the company’s stock.
Soluna Holdings Inc. (NASDAQ: SLNH) opened at $0.3150 on Wednesday. During the past 12 months, Soluna Holdings Inc. has had a low of $0.14 and a high of $4.92. The fifty day moving average price for SLNH is $0.2186 and a two-hundred day moving average price translates $0.4366 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.
