Soluna Holdings, Inc. (NASDAQ:SLNH) Director Edward R. Hirshfield Sells 8,741 Shares of Stock

Posted by Steven Smith on Nov 22nd, 2024

Soluna Holdings, Inc. (NASDAQ:SLNH – Get Free Report) Director Edward R. Hirshfield sold 8,741 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $11.76, for a total value of $102,794.16. Following the completion of the transaction, the director now directly owns 17,748 shares in the company, valued at approximately $208,716.48. This represents a 33.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Soluna Price Performance

Shares of SLNH traded up $0.01 during mid-day trading on Friday, reaching $3.52. The stock had a trading volume of 55,687 shares, compared to its average volume of 237,124. The firm has a market cap of $29.46 million, a price-to-earnings ratio of -0.24 and a beta of 2.93. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.59 and a current ratio of 0.59. The business has a fifty day moving average of $3.52 and a 200 day moving average of $4.00. Soluna Holdings, Inc. has a 12 month low of $1.40 and a 12 month high of $8.80.

Institutional Investors Weigh In On Soluna

Large investors have recently bought and sold shares of the business. Coastal Bridge Advisors LLC bought a new position in shares of Soluna in the 2nd quarter valued at about $61,000. Virtu Financial LLC purchased a new stake in Soluna during the third quarter valued at approximately $36,000. Finally, State Street Corp purchased a new position in shares of Soluna in the 3rd quarter worth approximately $36,000. Institutional investors own 23.19% of the company’s stock.

About Soluna

(Get Free Report)

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.