Soluna (NASDAQ:SLNH) CFO Buys $163,000.00 in Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) CFO Michael Picchi bought 100,000 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were bought at an average price of $1.63 per share, with a total value of $163,000.00. Following the completion of the transaction, the chief financial officer owned 1,381,250 shares in the company, valued at approximately $2,251,437.50. This trade represents a 7.80% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Soluna Price Performance

Shares of SLNH stock traded down $0.04 during trading hours on Friday, reaching $1.71. The company’s stock had a trading volume of 21,154,639 shares, compared to its average volume of 11,240,728. The company has a quick ratio of 1.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. Soluna Holdings, Inc. has a fifty-two week low of $0.42 and a fifty-two week high of $5.14. The company has a market capitalization of $269.75 million, a price-to-earnings ratio of -1.05 and a beta of 5.15. The firm’s 50 day simple moving average is $1.15 and its 200-day simple moving average is $1.37.

Soluna (NASDAQ:SLNH) last released its earnings results on Friday, May 15th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $9.39 million during the quarter. Soluna had a negative net margin of 190.87% and a negative return on equity of 64.80%. Sell-side analysts forecast that Soluna Holdings, Inc. will post -0.46 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Soluna from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $5.00.

Institutional Investors Weigh In On Soluna

A number of institutional investors have recently modified their holdings of SLNH. Focus Partners Wealth bought a new position in Soluna during the third quarter worth $25,000. Matauro LLC acquired a new stake in shares of Soluna in the 4th quarter valued at about $28,000. Squarepoint Ops LLC bought a new stake in Soluna in the 4th quarter valued at about $30,000. Scientech Research LLC bought a new stake in Soluna in the 3rd quarter valued at about $31,000. Finally, Azora Capital LP raised its stake in Soluna by 97.7% during the 4th quarter. Azora Capital LP now owns 29,369 shares of the company’s stock worth $34,000 after buying an additional 14,513 shares during the period. 23.19% of the stock is owned by institutional investors.

About Soluna

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.