Michael Toporek Sells 11,000 Shares of Soluna Holdings, Inc. (NASDAQ:SLNH) Stock

Soluna Holdings, Inc. (NASDAQ:SLNH) Director Michael Toporek sold 11,000 shares of Soluna stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $3.23, for a total value of $35,530.00. Following the completion of the sale, the director now owns 79,100 shares in the company, valued at $255,493. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Michael Toporek also recently made the following trade(s):

• On Thursday, November 7th, Michael Toporek sold 24,420 shares of Soluna stock. The shares were sold at an average price of $3.59, for a total value of $87,667.80.

Soluna Stock Down 2.4 %

SLNH traded down $0.09 on Thursday, hitting $3.59. 225,974 shares of the company were exchanged, compared to its average volume of 235,604. Soluna Holdings, Inc. has a twelve month low of $1.40 and a twelve month high of $8.80. The company 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 current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.18. The firm has a 50-day moving average price of $3.45 and a two-hundred day moving average price of $3.91.

Soluna (NASDAQ:SLNH) last posted its earnings results on Wednesday, August 14th. The company reported ($1.74) earnings per share for the quarter. The firm had revenue of $9.68 million during the quarter. Soluna had a negative net margin of 77.32% and a negative return on equity of 43.44%.

Hedge Funds Weigh In On Soluna

A hedge fund recently bought a new stake in Soluna stock. Coastal Bridge Advisors LLC purchased a new position in Soluna Holdings, Inc. (NASDAQ:SLNH) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $61,000. Coastal Bridge Advisors LLC owned 0.26% of Soluna at the end of the most recent reporting period. Hedge funds and other institutional investors own 23.19% of the company’s stock.

Soluna Company Profile

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.