Soluna Holdings, Inc. (NASDAQ:SLNH) Director Sells $87,667.80 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek sold 24,420 shares of the business’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $3.59, for a total value of $87,667.80. Following the completion of the sale, the director now directly owns 30,980 shares in the company, valued at approximately $111,218.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Michael Toporek also recently made the following trade(s):

• On Tuesday, November 5th, Michael Toporek sold 11,000 shares of Soluna stock. The stock was sold at an average price of $3.23, for a total transaction of $35,530.00.

Soluna Trading Up 0.8 %

SLNH stock opened at $3.62 on Friday. Soluna Holdings, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $8.80. The stock has a market capitalization of $28.82 million, a price-to-earnings ratio of -0.20 and a beta of 2.93. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day moving average price of $3.43 and a 200 day moving average price of $3.93.

Soluna (NASDAQ:SLNH) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($1.74) earnings per share for the quarter. Soluna had a negative return on equity of 43.44% and a negative net margin of 77.32%. The company had revenue of $9.68 million during the quarter.

Hedge Funds Weigh In On Soluna

A hedge fund recently bought a new stake in Soluna stock. Coastal Bridge Advisors LLC bought a new position in Soluna Holdings, Inc. (NASDAQ:SLNH) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 10,000 shares of the company’s stock, valued at approximately $61,000. Coastal Bridge Advisors LLC owned 0.26% of Soluna as of its most recent filing with the Securities & Exchange Commission. 23.19% of the stock is owned by institutional investors.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.