Analyzing Soluna (SLNH) & Its Rivals

Soluna (NASDAQ:SLNH) is one of 104 publicly-traded companies in the “Nondepository credit institutions” industry, but how does it compare to its competitors? We will compare Soluna to similar businesses based on the strength of its earnings, risk, institutional ownership, analyst recommendations, profitability, dividends and valuation.

Insider & Institutional Ownership

23.2% of Soluna shares are held by institutional investors. Comparatively, 33.3% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 22.0% of Soluna shares are held by company insiders. Comparatively, 22.7% of shares of all “Nondepository credit institutions” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current ratings and price targets for Soluna and its competitors, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Soluna	0	0	0	0	N/A
Soluna Competitors	425	1593	2389	72	2.47

As a group, “Nondepository credit institutions” companies have a potential upside of 2.29%. Given Soluna’s competitors higher probable upside, analysts clearly believe Soluna has less favorable growth aspects than its competitors.

Earnings and Valuation

This table compares Soluna and its competitors revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Soluna	$21.07 million	-$29.20 million	-0.08
Soluna Competitors	$2.74 billion	$389.72 million	16.65

Soluna’s competitors have higher revenue and earnings than Soluna. Soluna is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Soluna and its competitors’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Soluna	-138.62%	-47.43%	-28.17%
Soluna Competitors	-102.87%	-69.43%	-20.25%

Risk and Volatility

Soluna has a beta of 2.65, indicating that its share price is 165% more volatile than the S&P 500. Comparatively, Soluna’s competitors have a beta of 5.49, indicating that their average share price is 449% more volatile than the S&P 500.

Summary

Soluna competitors beat Soluna on 9 of the 10 factors compared.

About Soluna

Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. The company operates through two segments, Cryptocurrency Mining and Data Center Hosting. It also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.