How to Buy Soluna Holdings Stock
Soluna Holdings Inc
Soluna Holdings, Inc. builds and develops modular data centers for cryptocurrency mining. It also operates in the blockchain business. The company is headquartered in Albany, New York. .
Soluna Holdings stock last closed at $2.46, up 1.65% from the previous day, and has decreased 51.91% in one year. It has underperformed other stocks in the Information Technology Services industry by 0.65 percentage points. Soluna Holdings stock is currently +75.71% from its 52-week low of $1.40, and -74.77% from its 52-week high of $9.75.
There are currently 2.84M shares of SLNH outstanding. The market value of SLNH is $6.99M. In the past 24 hours, 47,418 SLNH shares were traded.
How to Buy Soluna Holdings Stock
Wondering how to invest in Soluna Holdings stock? Here's how.
- Figure out where to buy Soluna Holdings stock: You need to decide on a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you choose where to buy Soluna Holdings stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your method of payment and add your info.
- Analyze Soluna Holdings stock: The Soluna Holdings ticker symbol is SLNH. Is Soluna Holdings stock a good investment? Should you buy shares of SLNH? How do SLNH's underlying business fundamentals look? Do top analysts think Soluna Holdings is a good buy? Why has SLNH's stock price moved recently? (Hint: Our stock market research website can help you evaluate if SLNH is a good stock to buy).
- Make your SLNH trade: Decide if you will purchase SLNH shares at the current market price or use a limit order to purchase SLNH stock at a given price.
- Get notifications regarding your SLNH position: Create a watchlist to keep tabs on your position in Soluna Holdings shares.
Step 1: Figure out where to buy Soluna Holdings stock
You will need an online brokerage account to access the NASDAQ market and buy SLNH shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best place to buy stocks. Here's why:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to global markets: From Technology to Financial Services, New York to Hong Kong — you can fill your portfolio with stocks from the world's top exchanges.
- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Create your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you are able to invest in SLNH today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create your new trading account.
- Send your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you've finished signing up on one of the most highly reviewed stock apps, your next step is to transfer the money for your investment:
Watch the video below for more details transferring money into your investment account.
Step 4: Analyze Soluna Holdings stock
Once you have decided on the best place to buy Soluna Holdings stock, it's crucial to evaluate their stock prior to buying, so you truly wrap your head around the risk and opportunity.
Soluna Holdings Numbers
Soluna Holdings Overview
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SLNH's stock page.
Is SLNH stock properly valued?
You can use many financial metrics, analyses, models, and charts to gauge SLNH's intrinsic value.
Using relative valuations measures:
- SLNH may be undervalued based on its P/B ratio of 0.26x, relative to Information Technology Services industry P/B ratio of 4.42x
You can do more valuation research on SLNH's stock here.
A quick look at SLNH Financials
Passed Financial Due Diligence Checks:
- There are more short-term assets than long-term liabilities on the SLNH balance sheet.
Failed Financial Due Diligence Checks:
- SLNH has a relatively high debt to equity ratio of 1.43.
- Total SLNH debt is higher than 5 years ago, relative to shareholder equity.
- SLNH has $9.81M in cash and short term investments. This is not sufficient to cover its annual cash burn of $13.26M.
- There are more short-term liabilities than short-term assets on the SLNH balance sheet.
- SLNH has cash burn of 13259000. It does not have sufficient cash and short-term investments to cover this.
- SLNH profit margin has gone up by 2.07 percentage points in the past year, but the company is still unprofitable.
SLNH Trading Indicators
SLNH Growth Metrics
Last year, SLNH revenue was $21.07M. Over the past 5 year, SLNH's revenue has grown by 21.18% per year. This was faster than the Information Technology Services industry average of 7.97%.
You can analyze SLNH's earnings and revenue performance here.
Who is buying/selling SLNH?
Over the last year, executives and large shareholders at SLNH have bought more shares than they have sold.
David C. Michaels, Chief Financial Officer of SLNH, was the latest SLNH insider to buy. They bought $9,750.00 worth of SLNH shares on Dec 15, 2023.
Dig into more about who owns SLNH stock here.
Can I rely on SLNH as an income stream?
No, Soluna Holdings doesn't provide an income stream by paying out dividends.
SLNH Social Trading Data
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your SLNH trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, use a limit order.
Hit the Open Trade button and your broker will execute the order.
If you require additional help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your SLNH position
Now that you own some SLNH shares, you'll want to stay up-to-date on your investment.
Put SLNH on a watchlist to track your SLNH stock.
SLNH Feed
How to Buy Stock in Soluna Holdings
To reiterate, here are the 6 steps to buy Soluna Holdings stock:
- Figure out where to buy Soluna Holdings stock
- Create your brokerage account
- Deposit money your investment account
- Analyze Soluna Holdings stock
- Make your SLNH trade
- Get notifications regarding your SLNH position
If you require a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to watch your investment in Soluna Holdings, click the button below.
Other Content You Might Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.