Analyzing Soluna (SLNH) and Its Competitors

Soluna (NASDAQ:SLNH) is one of 104 public companies in the “Nondepository credit institutions” industry, but how does it weigh in compared to its peers? We will compare Soluna to related businesses based on the strength of its analyst recommendations, profitability, dividends, risk, institutional ownership, earnings and valuation.

Profitability

This table compares Soluna and its peers’ 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	-100.23%	-68.90%	-19.99%

Earnings & Valuation

This table compares Soluna and its peers top-line revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Soluna	$21.07 million	-$29.20 million	-0.09
Soluna Competitors	$2.91 billion	$391.89 million	4.49

Soluna’s peers have higher revenue and earnings than Soluna. Soluna is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Soluna and its peers, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Soluna	0	0	0	0	N/A
Soluna Competitors	428	1606	2414	72	2.47

As a group, “Nondepository credit institutions” companies have a potential upside of 9.21%. Given Soluna’s peers higher possible upside, analysts plainly believe Soluna has less favorable growth aspects than its peers.

Risk & Volatility

Soluna has a beta of 2.64, indicating that its share price is 164% more volatile than the S&P 500. Comparatively, Soluna’s peers have a beta of 5.49, indicating that their average share price is 449% more volatile than the S&P 500.

Institutional and Insider Ownership

23.2% of Soluna shares are owned by institutional investors. Comparatively, 33.6% of shares of all “Nondepository credit institutions” companies are owned by institutional investors. 22.0% of Soluna shares are owned by company insiders. Comparatively, 21.8% of shares of all “Nondepository credit institutions” companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Summary

Soluna peers beat Soluna on 8 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.