Soluna Holdings Inc. (NASDAQ:SLNH) does about 199.53K shares in volume on a normal day but saw 5441945 shares change hands in Monday trading. The company now has a market cap of 17.84M USD. Its current market price is $0.52, marking an increase of 2.02% compared to the previous close of $0.51. The 52 week high reached by this stock is $11.92 whilst the lowest price level in 52 weeks is $0.25. The script in recent trading has seen the stock touch a high of $0.7653 and a low of $0.4401.
Soluna Holdings Inc. (SLNH) has a 20-day trading average at $0.3865 and the current price is -95.64% off the 52-week high compared with 107.92% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.5535 and its 200-day simple moving average is $3.7092. If we look at the stock’s price movements over the week, volatility stands at 31.70%, which decreases to 22.74% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.15 to suggest the stock is neutral.
1 analysts observing the Soluna Holdings Inc. (SLNH) stock have set the 12-month price targets for the company’s shares at between $9.60 and $9.60. The median price target is 94.58% away from the current levels at $9.60.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy.
The current price level is 36.52%, -7.52%, and -86.17% away from its SMA20, SMA50, and SMA200 respectively, with the SLNH price moving above the 50-day SMA on January 23. Soluna Holdings Inc. (SLNH) stock is up 12.82% over the week and 67.69% over the past month. Its price is 99.31% year-to-date and -94.54% over the past year.
The company’s next earnings report is expected on 05/05/2023.
Outstanding shares total 14.70M with insiders holding 31.86% of the shares and institutional holders owning 15.20% of the company’s common stock. The company has a return on investment of -4.60% and return on equity of -84.70%. The beta has a value of 2.26. Price to book ratio is 0.12 and price to sales ratio is 0.64.