Soluna (SLNH) and Its Peers Critical Review

Soluna (NASDAQ:SLNH) 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

As a group, “Nondepository credit institutions” companies have a potential upside of 4.26%. Given Soluna’s competitors higher possible upside, analysts clearly believe Soluna has less favorable growth aspects than its competitors.

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.