A new trading day began on January 24, 2023, with Soluna Holdings Inc. (NASDAQ: SLNH) stock priced at $0.52, down -9.62% from the previous day of trading. During the day, the shares moved up to $0.52 and dropped to $0.44 before settling in for the closing price of $0.52. SLNH’s price has ranged from $0.25 to $11.92 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 15.20%. Meanwhile, its annual earnings per share averaged -327.20%. With a float of $12.67 million, this company’s outstanding shares have now reached $14.70 million.
Let’s determine the extent of company efficiency that accounts for 54 employees. In terms of profitability, gross margin is +43.74, operating margin of -31.20, and the pretax margin is -44.22.
Soluna Holdings Inc. (SLNH) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Information Technology Services Industry. The insider ownership of Soluna Holdings Inc. is 6.30%, while institutional ownership is 13.70%. The most recent insider transaction that took place on Sep 02, was worth 28,860. In this transaction Director of this company bought 9,000 shares at a rate of $3.21, taking the stock ownership to the 49,000 shares. Before that another transaction happened on Aug 24, when Company’s Director bought 7,657 for $3.26, making the entire transaction worth $24,968. This insider now owns 333,407 shares in total.
Soluna Holdings Inc. (SLNH) Earnings and Forecasts
This company achieved a net margin of -44.53 while generating a return on equity of -13.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -327.20% per share during the next fiscal year.
Soluna Holdings Inc. (NASDAQ: SLNH) Trading Performance Indicators
Here are Soluna Holdings Inc.’s current performance indicators. According to the last quarter’s results, the stock had a price to sales ratio for the trailing twelve months stands at 0.58.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.76
Technical Analysis of Soluna Holdings Inc. (SLNH)
Looking closely at Soluna Holdings Inc. (NASDAQ: SLNH), its last 5-days average volume was 1.37 million, which is a jump from its year-to-date volume of 0.53 million. As of the previous 9 days, the stock’s Stochastic %D was 42.07%. Additionally, its Average True Range was 0.10.
During the past 100 days, Soluna Holdings Inc.’s (SLNH) raw stochastic average was set at 7.53%, which indicates a significant decrease from 35.13% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 226.62% in the past 14 days, which was higher than the 175.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5459, while its 200-day Moving Average is $3.6604. However, in the short run, Soluna Holdings Inc.’s stock first resistance to watch stands at $0.5133. Second resistance stands at $0.5567. The third major resistance level sits at $0.5933. If the price goes on to break the first support level at $0.4333, it is likely to go to the next support level at $0.3967. Should the price break the second support level, the third support level stands at $0.3533.
Soluna Holdings Inc. (NASDAQ: SLNH) Key Stats
With a market capitalization of 16.13 million, the company has a total of 17,539K Shares Outstanding. Currently, annual sales are 14,350 K while annual income is -5,260 K. The company’s previous quarter sales were 6,370 K while its latest quarter income was -55,890 K.