Analysis of Soluna (SLNH) and its rivals

Soluna (NASDAQ:SLNH – Get Free Report) is one of 104 publicly traded companies in the ‘non-depository credit unions’ sector, but how does it compare to its peers? We will compare Soluna to similar companies based on earnings strength, risk, institutional ownership, analyst recommendations, profitability, dividends and valuation.

Insider and institutional ownership

23.2% of Soluna shares are owned by institutional investors. By comparison, 33.3% of the shares of all “non-custodial credit institutions” companies are held by institutional investors. 22.0% of Soluna shares are owned by company insiders. By comparison, 22.7% of the shares of all “non-custodial credit union” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.

Analyst recommendations

This is an overview of the current ratings and price targets for Soluna and its competitors, as provided by MarketBeat.

	Sales reviews	Hold reviews	Buy reviews	Strong Buy Ratings	Review score
Soluna	0	0	0	0	N/A
Soluna competitors	425	1593	2389	72	2.47

As a group, non-depository companies have a potential upside of 2.29%. Given the likely benefit to Soluna’s competitors, analysts clearly believe that Soluna has less favorable growth aspects than its peers.

Earnings and Valuation

This table compares the turnover, earnings per share and valuation of Soluna and its competitors.

	Gross income	Net income	Price/earnings ratio
Soluna	$21.07 million	-$29.20 million	-0.08
Soluna competitors	$2.74 billion	$389.72 million	16.65

Soluna’s competitors have higher sales and profits than Soluna. Soluna trades at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its sector.

Profitability

This table compares the net margins, return on equity and return on assets of Soluna and its competitors.

	Net margins	Return on equity	Return on assets
Soluna	-138.62%	-47.43%	-28.17%
Soluna competitors	-102.87%	-69.43%	-20.25%

Risk and volatility

Soluna has a beta of 2.65, indicating that its stock price is 165% more volatile than the S&P 500. In comparison, Soluna’s peers have a beta of 5.49, indicating that their average stock price is 449% more volatile than the S&P 500. S&P 500.

Resume

Soluna competitors beat Soluna on 9 out of 10 factors compared.

About Soluna

(Get a free report)

Soluna Holdings, Inc. together with its subsidiaries, is engaged in mining cryptocurrency via data centers. The company operates through two segments: Cryptocurrency Mining and Data Center Hosting. It is also active in the blockchain business. In addition, the company develops and builds modular data centers that use cryptocurrency mining. Furthermore, it provides data center hosting services, including electricity and network connectivity, to cryptocurrency mining customers. The company was previously known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was founded in 1961 and is headquartered in Albany, New York.

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