William Phelan Sells 12,037 Shares of Soluna (NASDAQ:SLNH) Stock

Key Points

• Director William Phelan sold 12,037 Soluna shares at an average price of $1.12, generating $13,481.44. He retains 2,279,985 shares, with the sale reducing his position by 0.53%.
• Soluna shares were flat at $1.20, while the company reported a quarterly loss of $0.18 per share and revenue of $15.06 million, missing analyst expectations on both measures.
• Analyst sentiment is mixed, resulting in a consensus “Hold” rating and a $4.00 target price; institutional investors own 23.19% of the company.

Soluna Holdings, Inc. (NASDAQ:SLNH - Get Free Report) Director William Phelan sold 12,037 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $1.12, for a total value of $13,481.44. Following the transaction, the director directly owned 2,279,985 shares in the company, valued at approximately $2,553,583.20. This represents a 0.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Soluna Stock Performance

NASDAQ:SLNH remained flat at $1.20 during midday trading on Friday. The company had a trading volume of 4,817,597 shares, compared to its average volume of 12,733,442. The stock has a market cap of $296.04 million, a price-to-earnings ratio of -1.07 and a beta of 5.07. The firm has a 50-day moving average price of $1.22 and a two-hundred day moving average price of $1.22. Soluna Holdings, Inc. has a one year low of $0.43 and a one year high of $5.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.06 and a quick ratio of 2.06.

Soluna (NASDAQ:SLNH - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.07). Soluna had a negative return on equity of 52.19% and a negative net margin of 182.16%.The firm had revenue of $15.06 million for the quarter, compared to analysts' expectations of $15.70 million. On average, research analysts expect that Soluna Holdings, Inc. will post -0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on SLNH. Weiss Ratings upgraded shares of Soluna from a "sell (e+)" rating to a "sell (d-)" rating in a report on Friday, June 12th. HC Wainwright reissued a "buy" rating and issued a $4.00 price objective on shares of Soluna in a research note on Monday, August 17th. Finally, Zacks Research upgraded Soluna to a "hold" rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $4.00.

Institutional Trading of Soluna

Large investors have recently made changes to their positions in the stock. Focus Partners Wealth purchased a new position in Soluna in the 3rd quarter worth about $25,000. Scientech Research LLC bought a new stake in Soluna during the 3rd quarter valued at about $31,000. Avaii Wealth Management LLC purchased a new stake in Soluna in the 2nd quarter valued at about $25,000. Azora Capital LP purchased a new stake in Soluna in the 2nd quarter valued at about $32,000. Finally, Squarepoint Ops LLC bought a new position in Soluna in the 4th quarter worth about $30,000. 23.19% of the stock is owned by hedge funds and other institutional investors.

Soluna Company Profile

Soluna Computing, Inc NASDAQ: SLNH is a renewable energy and computing company that develops, constructs and operates utility‐scale wind and solar projects designed to power high-performance computing workloads. By integrating power generation with data processing infrastructure, Soluna targets applications such as cryptocurrency mining, blockchain validation, artificial intelligence training and other cloud‐based or on-premises computing tasks that can flex to available renewable output.

The company manages the full project lifecycle—site selection, permitting, engineering, procurement, construction and operations—with a focus on regions that offer abundant wind or solar resources yet face limitations in grid infrastructure.

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