Alert: Major Price Advance (8/21/24)-Soluna Holdings Inc (NASDAQ: SLNH).

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On 8/21/24, Soluna Holdings Inc (NASDAQ: SLNH) stock enjoyed a major increase of 14.4%, closing at $4.93. However, exceptionally low trading volume at 34% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 6.0% during the last week.

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Current PriceTarget Research Rating

SLNH’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a major Value Eraser.

Soluna Holdings is currently unrated.

Rating Review

The stock is currently unrated.

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