Financial Comparison: Soluna (SLNH) versus Its Competitors

Soluna (NASDAQ:SLNH) is one of 98 publicly-traded companies in the “Nondepository credit institutions” industry, but how does it weigh in compared to its rivals? We will compare Soluna to related companies based on the strength of its analyst recommendations, earnings, risk, institutional ownership, profitability, dividends and valuation.

Profitability

This table compares Soluna and its rivals’ 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	-110.80%	-74.85%	-21.77%

Insider and Institutional Ownership

23.2% of Soluna shares are held by institutional investors. Comparatively, 33.6% of shares of all “Nondepository credit institutions” companies are held by institutional investors. 22.0% of Soluna shares are held by company insiders. Comparatively, 22.1% of shares of all “Nondepository credit institutions” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Soluna and its rivals, 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	393	1359	2135	71	2.48

As a group, “Nondepository credit institutions” companies have a potential upside of 4.22%. Given Soluna’s rivals higher probable upside, analysts clearly believe Soluna has less favorable growth aspects than its rivals.

Risk and Volatility

Soluna has a beta of 2.65, meaning that its share price is 165% more volatile than the S&P 500. Comparatively, Soluna’s rivals have a beta of 5.69, meaning that their average share price is 469% more volatile than the S&P 500.

Earnings & Valuation

This table compares Soluna and its rivals gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Soluna	$21.07 million	-$29.20 million	-0.09
Soluna Competitors	$2.18 billion	$361.50 million	16.00

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

Summary

Soluna rivals 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.