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Wednesday, February 8, 2023

It’s Not Over Yet For Soluna Holdings Inc. (NASDAQ: SLNH)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Soluna Holdings Inc. (SLNH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0161, or 3.49%, to $0.477. The Soluna Holdings Inc. has recorded 5,659 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Soluna Receives Green Light from Regulator for Flagship Texas Data Center.

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Stocks Info

Soluna Holdings Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Information Technology Services industry. At the end of the last regular session, the stock closed at $0.46 and fluctuated between $0.5600 as its day high and $0.4515 as its day low. The current market capitalization of Soluna Holdings Inc. is $17.69M. A total of 0.27 million shares were traded on the day, compared to an average of 183.42K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SLNH has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 22,000 and the disposition of 0 shares. Over the last 12 months, there were 16 BUYs and 1 SELLs from insiders. Insiders purchased 207,878 shares during that period but sold 6,969.

In the most recent transaction, Bottomley John bought 9,000 shares of SLNH for 3.21 per share on Sep 02. After the transaction, the Director now owns 49,000 company shares. In a previous transaction on Aug 24, Phelan William P bought 7,657 shares at 3.26 per share. SLNH shares that Director owns now total 333,407.

Among the insiders who bought shares, Hazelip William acquired of 2,000 shares on Aug 23 at a per-share price of $4.72. This resulted in the Director holding 26,500 shares of SLNH after the transaction. In another insider transaction, TOPOREK MICHAEL bought 7,700 shares at $3.19 per share on Aug 22. Company shares held by the Chief Executive Officer now total 20,810.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SLNH in the last 3 months, the mean price target is $9.60 with high estimates of $9.60 and low estimates of $9.60. In terms of 52-week highs and lows, SLNH has a high of $11.92 and a low of $0.25.

As of this writing, SLNH has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 0 estimates, with a high estimate of $0 per share and a lower estimate of $0.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 1 analysts are providing their opinions on the stock. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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