Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek Sells 11,000 Shares of Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $3.23, for a total transaction of $35,530.00. Following the completion of the transaction, the director now owns 79,100 shares in the company, valued at approximately $255,493. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Thursday, November 7th, Michael Toporek sold 24,420 shares of Soluna stock. The stock was sold at an average price of $3.59, for a total transaction of $87,667.80.

Soluna Stock Down 2.4 %

SLNH opened at $3.59 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average price of $3.44 and a 200-day moving average price of $3.91. Soluna Holdings, Inc. has a twelve month low of $1.40 and a twelve month high of $8.80. The stock has a market capitalization of $28.59 million, a price-to-earnings ratio of -0.20 and a beta of 2.93.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Soluna stock. Coastal Bridge Advisors LLC acquired a new stake in shares of Soluna Holdings, Inc. (NASDAQ:SLNH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,000 shares of the company’s stock, valued at approximately $61,000. Coastal Bridge Advisors LLC owned about 0.26% of Soluna as of its most recent SEC filing. Institutional investors and hedge funds own 23.19% of the company’s stock.

About Soluna

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.