Soluna (NASDAQ:SLNH) Posts Quarterly Earnings Results

Soluna (NASDAQ:SLNH) released its quarterly earnings results on Tuesday. The company reported ($6.15) earnings per share for the quarter, Zacks reports. Soluna had a negative net margin of 75.30% and a negative return on equity of 45.29%. The firm had revenue of $8.27 million for the quarter.

Soluna Price Performance

Shares of NASDAQ SLNH opened at $0.56 on Thursday. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $4.65 million, a PE ratio of -0.04 and a beta of 3.03. The stock’s 50 day moving average price is $1.34 and its 200-day moving average price is $2.47. Soluna has a twelve month low of $0.52 and a twelve month high of $8.80.

About Soluna

Soluna Holdings, Inc together with its subsidiaries, engages in the mining of cryptocurrency through data centers. It operates through two segments, Cryptocurrency Mining and Data Center Hosting. The company also operates in the blockchain business. In addition, the company develops and builds modular data centers that use for cryptocurrency mining.