Soluna Holdings Inc (NASDAQ:SLNH) Jumps 3.19%, But Further Rally Could Be Imminent

In last trading session, Soluna Holdings Inc (NASDAQ:SLNH) saw 0.23 million shares changing hands with its beta currently measuring 2.88. Company’s recent per share price level of $3.23 trading at $0.1 or 3.19% at ring of the bell on the day assigns it a market valuation of $27.05M. That closing price of SLNH’s stock is at a discount of -172.45% from its 52-week high price of $8.80 and is indicating a premium of 56.66% from its 52-week low price of $1.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.25 million shares which gives us an average trading volume of 190.07K if we extend that period to 3-months.

Soluna Holdings Inc (NASDAQ:SLNH) trade information

Upright in the green during last session for gaining 3.19%, in the last five days SLNH remained trading in the red while hitting it’s week-highest on Thursday, 11/21/24 when the stock touched $3.23 price level, adding 15.89% to its value on the day. Soluna Holdings Inc’s shares saw a change of -19.25% in year-to-date performance and have moved -9.52% in past 5-day. Soluna Holdings Inc (NASDAQ:SLNH) showed a performance of -20.05% in past 30-days. Number of shares sold short was 0.23 million shares which calculate 1.4 days to cover the short interests.

Soluna Holdings Inc (NASDAQ:SLNH)’s Major holders

Insiders are in possession of 27.24% of company’s total shares while institution are holding 5.23 percent of that, with stock having share float percentage of 7.19%. Investors also watch the number of corporate investors in a company very closely, which is 5.23% institutions for Soluna Holdings Inc that are currently holding shares of the company.