Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek Sells 24,420 Shares

Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek sold 24,420 shares of the firm’s stock in a transaction 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 sale, the director now owns 30,980 shares in the company, valued at $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 stock was sold at an average price of $3.23, for a total value of $35,530.00.

Soluna Trading Down 2.4 %

Shares of SLNH stock traded down $0.09 during mid-day trading on Thursday, hitting $3.59. 225,974 shares of the company’s stock were exchanged, compared to its average volume of 235,604. Soluna Holdings, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $8.80. The stock has a market cap of $20.68 million, a price-to-earnings ratio of -0.21 and a beta of 2.93. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.18. The stock has a 50-day simple moving average of $3.45 and a two-hundred day simple moving average of $3.91.

Soluna (NASDAQ:SLNH) last issued its earnings results 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 firm had revenue of $9.68 million during the quarter.

Institutional Inflows and Outflows

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

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.