Insider Selling: Soluna Holdings, Inc. (NASDAQ:SLNH) Director Sells 24,420 Shares of Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek sold 24,420 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $3.59, for a total value of $87,667.80. Following the transaction, the director now directly owns 30,980 shares of the company’s stock, valued at approximately $111,218.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Michael Toporek also recently made the following trade(s):

• On Tuesday, November 5th, Michael Toporek sold 11,000 shares of Soluna stock. The shares were sold at an average price of $3.23, for a total value of $35,530.00.

Soluna Trading Up 0.8 %

Shares of Soluna stock opened at $3.62 on Friday. The stock has a market cap of $28.82 million, a P/E ratio of -0.20 and a beta of 2.93. Soluna Holdings, Inc. has a 12-month low of $1.40 and a 12-month high of $8.80. The business’s 50 day moving average is $3.43 and its 200-day moving average is $3.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18.

Soluna (NASDAQ:SLNH) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($1.74) earnings per share for the quarter. Soluna had a negative return on equity of 43.44% and a negative net margin of 77.32%. The business had revenue of $9.68 million for the quarter.

Institutional Trading of Soluna

A hedge fund recently bought a new stake in Soluna stock. Coastal Bridge Advisors LLC acquired a new position in shares of Soluna Holdings, Inc. (NASDAQ:SLNH) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 10,000 shares of the company’s stock, valued at approximately $61,000. Coastal Bridge Advisors LLC owned 0.26% of Soluna at the end of the most recent reporting period. 23.19% of the stock is currently owned by institutional investors.

Soluna Company Profile

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.