CleanSpark (NASDAQ:CLSK – Get Free Report) and Soluna (NASDAQ:SLNH – Get Free Report) are both finance companies, but which is the superior business? We will compare the two companies based on the strength of their risk, valuation, earnings, dividends, institutional ownership, profitability and analyst recommendations.
Profitability
This table compares CleanSpark and Soluna’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
CleanSpark | -46.31% | -3.64% | -3.39% |
Soluna | -77.32% | -43.44% | -24.06% |
Insider & Institutional Ownership
43.1% of CleanSpark shares are held by institutional investors. Comparatively, 23.2% of Soluna shares are held by institutional investors. 3.5% of CleanSpark shares are held by insiders. Comparatively, 22.0% of Soluna shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
Valuation and Earnings
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
CleanSpark | $342.81 million | 8.55 | -$136.59 million | N/A | N/A |
Soluna | $38.14 million | 0.43 | -$29.20 million | ($23.20) | -0.18 |
Soluna has lower revenue, but higher earnings than CleanSpark.
Analyst Ratings
This is a summary of current ratings and price targets for CleanSpark and Soluna, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
CleanSpark | 0 | 1 | 6 | 0 | 2.86 |
Soluna | 0 | 0 | 0 | 0 | N/A |
CleanSpark currently has a consensus target price of $19.11, suggesting a potential upside of 48.63%. Given CleanSpark’s higher possible upside, research analysts clearly believe CleanSpark is more favorable than Soluna.
Volatility and Risk
CleanSpark has a beta of 4.18, indicating that its share price is 318% more volatile than the S&P 500. Comparatively, Soluna has a beta of 2.94, indicating that its share price is 194% more volatile than the S&P 500.
Summary
CleanSpark beats Soluna on 9 of the 11 factors compared between the two stocks.
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.
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.
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