Soluna Holdings Inc. (SLNH) carries a Roarable Rating of E (Strong Sell) with 29/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-02, Soluna Holdings Inc. (NASDAQ: SLNH) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 29/100 at a spot price of $0.67 (-3.95% 1D, market cap $172.4M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 12/20, Executive Insider Alignment 5/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 714 tracked Technology issuers, SLNH ranks #619 in composite RQD confidence.
Within the Technology sector (EDP Services), SLNH carries a Roarable E (29/100 RQD), trailing P/E of N/A, gross margin of 6.1%, and ROIC of -35.0%. By comparison, GDEV (GDEV Inc.) holds a D grade (47/100 RQD, P/E N/A, ROIC —, cap $163.4M) and ATGL (Alpha Technology Group Limited (Class A)) posts a D- grade (36/100 RQD, P/E N/A, ROIC —, cap $183.6M). Among the 5-stock peer group, SSTK leads on earnings multiple (3.5x) while UIS leads on capital efficiency (85.0% ROIC).
Per SLNH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000064463), Soluna Holdings Inc. generated $29.7M in revenue (-21.8% YoY), -$53.4M in net income, and -$37.2M in free cash flow against $187.9M in total assets and $17.9M in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
20D Institutional Volume Accumulation (±12.5% realized swing band)
FRED Regime × Technicals: 4% of 52W Range • RSI-14 at 38.7 (NEUTRAL RANGE)
Dilution Drag (+2.48% YoY Shares) & executive Form 4 sales trim 16 pts from alignment
While SLNH currently carries a cautious 29/100 (E) rating due to Insider Conviction & Share Dilution (4/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Technology with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.00) and Max Pain ($0.70) forces dealer call-delta covering toward $4.24.
Forensic Repair Trigger: Halting share dilution (Dilution Drag (+2.48% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Soluna Holdings Inc. (SLNH) dropped -3.95% to $0.67, trading at 4% of its 52-week range ($0.52 – $4.04). Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Barchart.com report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
The Globe and Mail report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
kalkine.ca report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Applied Digital (APLD) has signed a definitive agreement with Soluna Holdings to build a 50 MW critical IT data center in Texas, targeting AI and high performance computing demand through a jointly owned project vehicle.
Everforth (EFOR) delivered earnings and revenue surprises of +8.82% and +2.22%, respectively, for the quarter ended September 2026. Do the numbers hold clues to what lies ahead for the stock?
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. -21.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on SLNH today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for SLNH. Explore sector supply chains on /butterfly.
Across 714 tracked Technology securities in the Roarable RQD universe, Soluna Holdings Inc. (SLNH) ranks #619 by composite RQD confidence (29/100, grade E) and #491 by equity capitalization ($172.4M). Within this direct 5-issuer industry benchmark cohort, SSTK leads on earnings valuation at 3.5x trailing P/E, while UIS leads on capital efficiency and profitability with 85.0% ROIC and 28.2% gross margin. SSTK currently holds the highest overall quantitative score in the immediate peer group at 56/100 (D+) compared with SLNH at 29/100 (E).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| SLNH
ACTIVE
Soluna Holdings Inc. | E | 29/100 | — | 6.1% | -35.0% | -3.95% | $172.4M | Benchmark Subject |
| GDEV GDEV Inc. | D | 47/100 | — | — | — | 0.00% | $163.4M | /gdev-vs-slnh → |
| ATGL Alpha Technology Group Limited (Class A) | D- | 36/100 | — | 49.2% | — | -4.39% | $183.6M | /atgl-vs-slnh → |
| SSTK Shutterstock Inc. | D+ | 56/100 | 3.5x | 58.9% | 11.4% | -4.61% | $160.4M | /sstk-vs-slnh → |
| UIS Unisys Corporation | D- | 40/100 | — | 28.2% | 85.0% | -1.88% | $194.0M | /uis-vs-slnh → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Soluna Holdings Inc. (SLNH) reported GAAP revenue of $29.7M (-21.8% vs. FY2024 revenue of $38.0M , and +41.1% cumulative change since FY2023) , GAAP net income of -$53.4M, operating cash flow of -$9.1M, and free cash flow of -$37.2M (-167.3% YoY). On the balance sheet, SLNH closed FY2025 with $187.9M in total assets against $17.9M in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 4/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $29.7M | -$53.4M | -$9.1M | -$37.2M | $187.9M | $17.9M |
| FY2024 (FY) | 2024-12-31 | $38.0M | -$63.3M | -$5.1M | -$13.9M | $88.0M | $7.1M |
| FY2023 (FY) | 2023-12-31 | $21.1M | -$29.2M | -$3.0M | -$3.0M | — | — |
As of 2026-11-02, Soluna Holdings Inc. (NASDAQ: SLNH) is rated E (Strong Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 29/100 at a spot price of $0.67 (-3.95% 1D, market cap $172.4M). Pillar breakdown: Fundamental Cash Engine 3/20, Institutional 13F & Options Flow 12/20, Executive Insider Alignment 5/20, FRED Macro Regime Fit 8/20, and SEC Balance-Sheet Forensics 3/20. Across 714 tracked Technology issuers, SLNH ranks #619 in composite RQD confidence.
Within the Technology sector (EDP Services), SLNH carries a Roarable E (29/100 RQD), trailing P/E of N/A, gross margin of 6.1%, and ROIC of -35.0%. By comparison, GDEV (GDEV Inc.) holds a D grade (47/100 RQD, P/E N/A, ROIC —, cap $163.4M) and ATGL (Alpha Technology Group Limited (Class A)) posts a D- grade (36/100 RQD, P/E N/A, ROIC —, cap $183.6M). Among the 5-stock peer group, SSTK leads on earnings multiple (3.5x) while UIS leads on capital efficiency (85.0% ROIC).
Per SLNH's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000064463), Soluna Holdings Inc. generated $29.7M in revenue (-21.8% YoY), -$53.4M in net income, and -$37.2M in free cash flow against $187.9M in total assets and $17.9M in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.
SLNH last traded at $0.67 (-3.95% on volume of 12,436,712 shares), positioning the stock -33.00% below its 50-day simple moving average ($1.00) and -42.74% below its 200-day simple moving average ($1.17). Across its 52-week range of $0.52 to $4.04, SLNH sits at the 4.3% percentile with a 14-day RSI of 38.7 (NEUTRAL RANGE) and an implied next-earnings move of ±12.5% ($1.00 to $0.75).
Why SLNH Stock dropped -3.95% Today — RQD Quant Desk Flash. Stretched risk/reward at current multiples (-35% return on capital) under elevated 10-year interest-rate pressure.
Per the Roarable RQD rating, SLNH carries an RQD Score of 29 and a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are scored as follows:
For a prospective investor, the rating's central message is that the cash-generation and balance-sheet pillars carry the most weight in the negative direction. A bull case would need to rest on the institutional positioning pillar, which by itself cannot offset weak cash returns and a distressed-range Altman Z. Valuation tradeoffs are difficult to assess because P/E and EV/EBITDA are not available in source data, and the stock's $0.67 price sits near the bottom of its $0.52–$4.04 52-week range. Any upside driver would need to come from a sustained turn in operating economics, which the source data does not show.
| Period | Revenue | Operating Income | Net Income | EPS | FCF | Cash | Debt |
|---|---|---|---|---|---|---|---|
| FY 2025 | $29.7M | $-33.7M | $-53.4M | N/A | $-37.2M | N/A | $17.9M |
| FY 2024 | $38.0M | $-47.5M | $-63.3M | N/A | $-13.9M | N/A | $7.1M |
| FY 2023 | $21.1M | $-20.2M | $-29.2M | N/A | $-3.0M | N/A | N/A |
Per the SEC financials, revenue moved from $21.1M in FY 2023 to $38.0M in FY 2024 and $29.7M in FY 2025, while net losses were $-29.2M, $-63.3M, and $-53.4M across the same years. Per the market data, gross margin is 6.1%, operating margin is -60%, net margin is -60%, and ROIC is -35%. Per the Roarable RQD rating, the Altman Z-Score is 0.2 and the Piotroski F-Score is 4/9, with Debt/Equity of 0.33. Cash balances are reported as N/A in the source data, so liquidity cannot be assessed from the provided figures.
Per the recent news section:
Per the Butterfly Supply-Chain Graph, the supply_chain field is NONE, with no butterfly links and no proprietary signals. The mixed headline set pairs data-center wins with dilution-related items (share authorization and equity deal) and analyst target cuts.
Real-time company headlines, analyst actions, and sector developments for Soluna Holdings Inc. (SLNH) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Barchart.com report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
The Globe and Mail report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Stock Titan report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
kalkine.ca report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
MarketBeat report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Yahoo Finance report covering Soluna Holdings Inc. (SLNH) market action, institutional positioning, and fundamental catalysts.
Welcome to the SLNH (Soluna Holdings Inc.) Roar Pit. Current RQD Composite is 29/100 (Roarable Strong Sell — Forensic Risk / Avoid) in EDP Services. Bulls point to operating leverage and sector positioning, while bears focus on macro rate sensitivity and margin execution. Pick your side (🐂 Bull or 🐻 Bear) and drop your price target below.
Everyone in here is repeating the bull case on SLNH, but look at what you are paying: current EV/EBITDA multiples with 6.1% gross margins. Unless Soluna Holdings Inc. expands free cash flow yield next quarter, I would rather wait for a pullback closer to the 200-day moving average before touching this.
Looking at the 5-pillar RQD breakdown on SLNH, the market is fixating on short-term headline noise in EDP Services and ignoring the balance sheet and cash flow trajectory. At $0.67 (52-wk range $0.52 - $4.04), any beat on forward guidance forces shorts and underweight funds to chase.
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