Soluna Holdings Inc. (SLNH) Stock: Should Investors Follow These Insider Trades?


Soluna Holdings Inc. (NASDAQ:SLNH) saw an upside of 2.02% to close Monday at $0.52 after adding $0.01 on the day. The 5-day average trading volume is 1,271,140 shares of the company’s common stock. It has gained $0.7653 in the past week and touched a new high 2 times within the past 5 days. An average of 424,980 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 315,206.

SLNH’s 1-month performance is 67.69% or $0.1699 on its low of $0.2501 reached on 12/28/22. The company’s shares have touched a 52-week low of $0.25 and high of $11.92, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, SLNH has achieved 99.31% or $0.2591 and has reached a new high 8 times. However, the current price is down -95.64% from the 52-week high price.

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Valuation Metrics

SLNH stock has a beta of 2.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.64 while the price-to-book (PB) in the most recent quarter is 0.12.

. In terms of profitability, the gross margin trailing 12 months is -27.20%. The firm’s gross profit as reported stood at $6.28 million against revenue of $14.35 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 82.16% to -$6.56 million, while revenue of -$8.91 million was -35.82% off the previous quarter. EBITDA for the quarter stood at more than -$32.05 million. SLNH stock balance sheet for the recent quarter shows that total liabilities totaled 40.41 million, with total debt at $24.53 million. Shareholders hold equity totaling $17.54 million.

Let’s look briefly at Soluna Holdings Inc. (SLNH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 60.36% to suggest the stock is trending Neutral, with historical volatility in this time period at 261.61%.

The stock’s 5-day moving average is $0.4764, reflecting a +12.82% or $0.0591 change from its current price. SLNH is currently trading +27.45% above its 20-day SMA, -83.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -45.77% and SMA200 by-95.13%.

Stochastic %K and %D was 60.77% and 62.25% and the average true range (ATR) pointed at 0.1081. The RSI (14) points at 54.15%, while the 14-day stochastic is at 48.39% with the period’s ATR at 0.0981. The stock’s 9-day MACD Oscillator is pointing at 0.0169 and 0.0560 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SLNH stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SLNH as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.

What is SLNH’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $9.60 and a high of $9.60, with their median price target at $9.60. Looking at these predictions, the average price target given by analysts is for Soluna Holdings Inc. (SLNH) stock is $9.60.


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