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Tuesday, January 31, 2023

Momentum Is Strong For Soluna Holdings Inc. (NASDAQ: SLNH)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Soluna Holdings Inc. (SLNH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.018, or -3.83%, to $0.452. The Soluna Holdings Inc. has recorded 2,418 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Soluna Steps Closer to Project Dorothy Revenue.

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Stocks Info

This NASDAQ-listed company operates within the Information Technology Services industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $0.47 and fluctuated between $0.5199 as its day high and $0.4400 as its day low. The current market capitalization of Soluna Holdings Inc. is $16.13M. A total of 0.67 million shares were traded on the day, compared to an average of 286.71K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. 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, Hazelip William bought 2,500 shares at $4.41 per share on Aug 22. Company shares held by the Director now total 25,000.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. 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

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

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. 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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