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

Posted by Frank Smitson 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 dated Tuesday, November 19th. The shares were sold at an average price of $11.76, for a total transaction of $102,794.16. Following the transaction, the director now directly owns 17,748 shares in the company, valued at $208,716.48. This trade represents a 33.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Soluna Stock Up 0.3 %

Soluna stock traded up $0.01 during trading hours on Friday, reaching $3.52. The stock had a trading volume of 55,687 shares, compared to its average volume of 237,124. Soluna Holdings, Inc. has a 52 week low of $1.40 and a 52 week high of $8.80. The company 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 current ratio of 0.59 and a quick ratio of 0.59. The business’s 50 day moving average price is $3.52 and its 200-day moving average price is $4.00.

Institutional Investors Weigh In On Soluna

Several institutional investors have recently bought and sold shares of the company. Coastal Bridge Advisors LLC purchased a new position in shares of Soluna in the 2nd quarter valued at about $61,000. Virtu Financial LLC purchased a new position in shares of Soluna in the third quarter valued at approximately $36,000. Finally, State Street Corp purchased a new stake in shares of Soluna during the third quarter worth approximately $36,000. 23.19% of the stock is currently owned by institutional investors and hedge funds.

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.