Soluna (NASDAQ:SLNH) Issues Quarterly Earnings Results

Soluna (NASDAQ:SLNH) announced its quarterly earnings data on Friday. The company reported ($0.24) earnings per share for the quarter, Zacks reports. Soluna had a negative return on equity of 71.50% and a negative net margin of 179.73%.

Soluna Stock Performance

Shares of NASDAQ SLNH traded up $0.06 during midday trading on Friday, hitting $2.22. The company’s stock had a trading volume of 37,904,169 shares, compared to its average volume of 31,647,210. Soluna has a 1-year low of $0.41 and a 1-year high of $5.14. The firm’s fifty day moving average price is $1.07 and its 200-day moving average price is $1.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.87 and a current ratio of 1.87. The firm has a market cap of $313.80 million, a P/E ratio of -0.25 and a beta of 5.15.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Soluna from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vident Advisory LLC acquired a new position in shares of Soluna in the 4th quarter valued at about $67,000. XTX Topco Ltd boosted its holdings in shares of Soluna by 59.3% in the 4th quarter. XTX Topco Ltd now owns 128,294 shares of the company’s stock valued at $150,000 after buying an additional 47,781 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Soluna in the 4th quarter valued at about $200,000. Heights Capital Management Inc. acquired a new position in shares of Soluna in the 4th quarter valued at about $2,391,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Soluna in the 4th quarter valued at about $30,000. 23.19% of the stock is owned by institutional investors and hedge funds.

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.