Soluna (NASDAQ:SLNH) Trading 2.9% Higher – What’s Next?

Soluna Holdings, Inc. (NASDAQ:SLNH) shares were up 2.9% on Monday . The stock traded as high as $1.07 and last traded at $1.05. Approximately 8,026,479 shares were traded during trading, an increase of 33% from the average daily volume of 6,041,768 shares. The stock had previously closed at $1.02.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Soluna in a report on Monday, December 29th. HC Wainwright upgraded Soluna from a “neutral” rating to a “buy” rating and set a $5.00 target price on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $5.00.

Soluna Stock Up 2.9%

The stock has a market cap of $71.84 million, a price-to-earnings ratio of -0.12 and a beta of 4.56. The firm’s fifty day moving average price is $1.47 and its two-hundred day moving average price is $1.61. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.18 and a quick ratio of 1.18.

Soluna (NASDAQ:SLNH) last issued its earnings results on Friday, November 14th. The company reported ($0.70) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.09). Soluna had a negative net margin of 274.18% and a negative return on equity of 170.50%. The firm had revenue of $8.42 million during the quarter, compared to analyst estimates of $9.00 million.

Hedge Funds Weigh In On Soluna

Institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in shares of Soluna by 118.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 64,766 shares of the company’s stock worth $37,000 after purchasing an additional 35,167 shares in the last quarter. Fiduciary Alliance LLC acquired a new position in Soluna during the third quarter worth $89,000. Azora Capital LP bought a new position in shares of Soluna in the third quarter valued at $35,000. Focus Partners Wealth acquired a new position in shares of Soluna during the third quarter valued at about $25,000. Finally, Millennium Management LLC bought a new stake in shares of Soluna during the third quarter worth about $471,000. 23.19% of the stock is owned by institutional investors and hedge funds.

Soluna Company Profile

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.