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SLNH

Soluna Holdings NasdaqCM:SLNH Stock Report

Last Price

US$8.11

Market Cap

US$113.6m

7D

-4.3%

1Y

2.8%

Updated

15 May, 2022

Data

Company Financials
SLNH fundamental analysis
Snowflake Score
Valuation1/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends0/6

SLNH Stock Overview

Soluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining.

Soluna Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Soluna Holdings
Historical stock prices
Current Share PriceUS$8.11
52 Week HighUS$17.08
52 Week LowUS$5.69
Beta1.75
1 Month Change-18.08%
3 Month Change-12.32%
1 Year Change2.79%
3 Year Change591.68%
5 Year Change889.02%
Change since IPO17.73%

Recent News & Updates

Feb 22

Is It Better To Own Bitcoin Or Bitcoin Mining Stocks?

Bitcoin is well off its highs, so is it better to buy the coin, or companies that mine it? We look at several examples of miners in contrast to the prospects of buying the OG crypto. I highlight my pick of the bunch.

Dec 23

Soluna Holdings: Unknown, Massively Undervalued, And Revolutionizing Renewable Energy With Green Computing

Soluna Holdings currently has an annualized cash contribution margin of over $23 million with an enterprise value of only about $150M. Scaling rapidly and on track to reach 1 exahash per second of computing power by March of 2022 with 50MWs energized. At 1 EH/s, the annualized cash contribution margin should exceed $40M based on current network difficulty and bitcoin pricing. The upside in SLNH shares is exponential and the downside is extremely limited, even in a crypto winter, due to their revolutionary business model. If SLNH successfully energizes 233MW, as planned, by the end of 2022, the enterprise value of the company should exceed $2B (over 10x from current levels).

Shareholder Returns

SLNHUS ElectronicUS Market
7D-4.3%-1.4%-2.5%
1Y2.8%-12.3%-10.4%

Return vs Industry: SLNH exceeded the US Electronic industry which returned -12.3% over the past year.

Return vs Market: SLNH exceeded the US Market which returned -10.4% over the past year.

Price Volatility

Is SLNH's price volatile compared to industry and market?
SLNH volatility
SLNH Average Weekly Movement11.7%
Electronic Industry Average Movement7.7%
Market Average Movement7.8%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: SLNH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: SLNH's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196158Michael Toporekhttps://www.solunacomputing.com

Soluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining. It also operates in the blockchain business. The company is headquartered in Albany, New York.

Soluna Holdings Fundamentals Summary

How do Soluna Holdings's earnings and revenue compare to its market cap?
SLNH fundamental statistics
Market CapUS$113.57m
Earnings (TTM)-US$7.02m
Revenue (TTM)US$14.35m

7.9x

P/S Ratio

-16.2x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
SLNH income statement (TTM)
RevenueUS$14.35m
Cost of RevenueUS$2.44m
Gross ProfitUS$11.90m
Other ExpensesUS$18.92m
Earnings-US$7.02m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.50
Gross Margin82.96%
Net Profit Margin-48.92%
Debt/Equity Ratio8.9%

How did SLNH perform over the long term?

See historical performance and comparison

Valuation

Is Soluna Holdings undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


1.25x

Price to Book (PB) ratio

Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate SLNH's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate SLNH's fair value for valuation analysis.


Price To Earnings Ratio

PE vs Industry: SLNH is unprofitable, so we can't compare its PE Ratio to the US Electronic industry average.

PE vs Market: SLNH is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate SLNH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SLNH is good value based on its PB Ratio (1.2x) compared to the US Electronic industry average (1.8x).


Future Growth

How is Soluna Holdings forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


14.0%

Forecasted Tech industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Soluna Holdings has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Soluna Holdings performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-39.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: SLNH is currently unprofitable.

Growing Profit Margin: SLNH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: SLNH is unprofitable, and losses have increased over the past 5 years at a rate of 39.3% per year.

Accelerating Growth: Unable to compare SLNH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SLNH is unprofitable, making it difficult to compare its past year earnings growth to the Electronic industry (37.6%).


Return on Equity

High ROE: SLNH has a negative Return on Equity (-7.02%), as it is currently unprofitable.


Financial Health

How is Soluna Holdings's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: SLNH's short term assets ($25.0M) exceed its short term liabilities ($15.7M).

Long Term Liabilities: SLNH's short term assets ($25.0M) exceed its long term liabilities ($11.0M).


Debt to Equity History and Analysis

Debt Level: SLNH has more cash than its total debt.

Reducing Debt: Insufficient data to determine if SLNH's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if SLNH has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if SLNH has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Dividend

What is Soluna Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate SLNH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate SLNH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if SLNH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SLNH's dividend payments have been increasing.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as SLNH has not reported any payouts.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.7yrs

Average management tenure


CEO

Michael Toporek (55 yo)

1.5yrs

Tenure

US$3,660,423

Compensation

Mr. Michael M. Toporek serves as Chairman at Capstone Therapeutics Corp. He is the Chief Executive Officer at Soluna Holdings, Inc. (formerly known as Mechanical Technology, Incorporated) since November 2,...


CEO Compensation Analysis

Compensation vs Market: Michael's total compensation ($USD3.66M) is above average for companies of similar size in the US market ($USD770.21K).

Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: SLNH's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.


Board Members

Experienced Board: SLNH's board of directors are considered experienced (5.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.8%.


Top Shareholders

Company Information

Soluna Holdings, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Soluna Holdings, Inc.
  • Ticker: SLNH
  • Exchange: NasdaqCM
  • Founded: 1961
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Implied Market Cap: US$113.574m
  • Shares outstanding: 14.00m
  • Website: https://www.solunacomputing.com

Number of Employees


Location

  • Soluna Holdings, Inc.
  • 325 Washington Avenue Extension
  • Albany
  • New York
  • 12205
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/15 00:00
End of Day Share Price2022/05/13 00:00
Earnings2021/12/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.