Soluna (NASDAQ:SLNH) Stock Rating Lowered by Wall Street Zen

Soluna (NASDAQ:SLNH) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other research firms have also issued reports on SLNH. HC Wainwright raised shares of Soluna from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, December 11th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Soluna in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Soluna Price Performance

Shares of SLNH stock opened at $0.71 on Friday. The stock’s 50-day simple moving average is $0.88 and its 200-day simple moving average is $1.69. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $78.89 million, a PE ratio of -0.08 and a beta of 4.26. Soluna has a fifty-two week low of $0.36 and a fifty-two week high of $5.14.

Soluna (NASDAQ:SLNH) last announced its quarterly earnings data on Saturday, March 28th. The company reported $0.91 earnings per share (EPS) for the quarter. The firm had revenue of $9.21 million during the quarter. Soluna had a negative return on equity of 170.50% and a negative net margin of 274.18%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth acquired a new position in Soluna in the third quarter valued at approximately $25,000. Matauro LLC acquired a new stake in shares of Soluna during the 4th quarter worth approximately $28,000. Squarepoint Ops LLC acquired a new stake in shares of Soluna during the 4th quarter worth approximately $30,000. Scientech Research LLC purchased a new position in shares of Soluna during the 3rd quarter valued at approximately $31,000. Finally, Azora Capital LP increased its holdings in shares of Soluna by 97.7% during the 4th quarter. Azora Capital LP now owns 29,369 shares of the company’s stock valued at $34,000 after purchasing an additional 14,513 shares in the last quarter. 23.19% of the stock is currently owned by hedge funds and other institutional investors.

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.