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Sunday, April 2, 2023

Are Things Looking Up For Soluna Holdings Inc. (NASDAQ: SLNH)?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Soluna Holdings Inc. (SLNH) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.009, or 3.33%, to $0.279. The Soluna Holdings Inc. has recorded 2,474 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Soluna Set to Energize Texas Project and Executes Power Purchase Agreements.

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Stocks Info

As a NASDAQ listed company, SLNH falls under the Technology sector while operating within the Information Technology Services industry segment. At the end of the last regular session, the stock closed at $0.27 and fluctuated between $0.3300 as its day high and $0.2596 as its day low. The current market capitalization of Soluna Holdings Inc. is $14.06M. A total of 0.66 million shares were traded on the day, compared to an average of 331.89K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, SLNH has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 1 SELLs from insiders. Insiders purchased 143,352 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.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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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