Soluna (NASDAQ:SLNH – Get Free Report) is one of 87 public companies in the “Nondepository credit institutions” industry, but how does it compare to its competitors? We will compare Soluna to related companies based on the strength of its analyst recommendations, dividends, institutional ownership, valuation, risk, profitability and earnings.
Profitability
This table compares Soluna and its competitors’ net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Soluna | -138.62% | -47.43% | -28.17% |
Soluna Competitors | 15.21% | -82.11% | 0.57% |
Analyst Recommendations
This is a breakdown of current recommendations and price targets for Soluna and its competitors, as provided by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Soluna | 0 | 0 | 0 | 0 | N/A |
Soluna Competitors | 389 | 1509 | 2143 | 24 | 2.44 |
Institutional & Insider Ownership
23.2% of Soluna shares are owned by institutional investors. Comparatively, 34.4% of shares of all “Nondepository credit institutions” companies are owned by institutional investors. 22.0% of Soluna shares are owned by insiders. Comparatively, 22.4% of shares of all “Nondepository credit institutions” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
Volatility & Risk
Soluna has a beta of 2.65, meaning that its stock price is 165% more volatile than the S&P 500. Comparatively, Soluna’s competitors have a beta of 6.90, meaning that their average stock price is 590% more volatile than the S&P 500.
Earnings and Valuation
This table compares Soluna and its competitors gross revenue, earnings per share and valuation.
Gross Revenue | Net Income | Price/Earnings Ratio | |
Soluna | $21.07 million | -$29.20 million | -0.06 |
Soluna Competitors | $3.25 billion | $489.79 million | 18.12 |
Soluna’s competitors have higher revenue and earnings than Soluna. Soluna is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.
Summary
Soluna competitors beat Soluna on 9 of the 10 factors compared.
About Soluna
Soluna Holdings, Inc. together with its subsidiaries, engages in the mining of cryptocurrency through data centers. The company operates through two segments, Cryptocurrency Mining and Data Center Hosting. It also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. The company was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. Soluna Holdings, Inc. was incorporated in 1961 and is headquartered in Albany, New York.
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