Soluna (NASDAQ:SLNH – Get Free Report) and CleanSpark (NASDAQ:CLSK – Get Free Report) are both business services companies, but which is the better stock? We will contrast the two businesses based on the strength of their dividends, valuation, risk, earnings, profitability, institutional ownership and analyst recommendations.
Profitability
This table compares Soluna and CleanSpark’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Soluna | -77.32% | -43.44% | -24.06% |
CleanSpark | -46.31% | -3.64% | -3.39% |
Institutional and Insider Ownership
23.2% of Soluna shares are owned by institutional investors. Comparatively, 43.1% of CleanSpark shares are owned by institutional investors. 22.0% of Soluna shares are owned by company insiders. Comparatively, 3.5% of CleanSpark shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.
Valuation and Earnings
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Soluna | $38.14 million | 0.43 | -$29.20 million | ($23.20) | -0.18 |
CleanSpark | $342.81 million | 8.55 | -$136.59 million | N/A | N/A |
Soluna has higher earnings, but lower revenue than CleanSpark.
Analyst Ratings
This is a summary of current ratings for Soluna and CleanSpark, as reported by MarketBeat.com.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Soluna | 0 | 0 | 0 | 0 | N/A |
CleanSpark | 0 | 1 | 6 | 0 | 2.86 |
CleanSpark has a consensus target price of $19.11, suggesting a potential upside of 48.63%. Given CleanSpark’s higher possible upside, analysts plainly believe CleanSpark is more favorable than Soluna.
Risk & Volatility
Soluna has a beta of 2.94, meaning that its stock price is 194% more volatile than the S&P 500. Comparatively, CleanSpark has a beta of 4.18, meaning that its stock price is 318% more volatile than the S&P 500.
Summary
CleanSpark beats Soluna on 9 of the 11 factors compared between the two stocks.
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. 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.
About CleanSpark
CleanSpark, Inc. operates as a bitcoin miner in the Americas. It owns and operates data centers that primarily run on low-carbon power. Its infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion. The company was formerly known as Stratean Inc. and changed its name to CleanSpark, Inc. in November 2016. CleanSpark, Inc. was incorporated in 1987 and is headquartered in Henderson, Nevada.
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