SLNH — Soluna Holdings Inc

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

Trend Edge Setup Score

Trend Edge rates SLNH Bearish with a Setup Score of 0, net conviction 30, actionability 0. How the Setup Score works →

Total Setup Score0
Directional BiasBearish
Net Conviction30
Actionability0 (in range)

Key signals behind this score

About Soluna Holdings Inc

Soluna Holdings, Inc., together with its subsidiaries, engages in the mining of cryptocurrency through data centres. It operates through three segments, Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing Services. The company also operates in the blockchain business, as well as provides colocation and hosting services to large-scale bitcoin mining operators. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$0.59
Market Cap$182M
Float186.8M
Shares Outstanding244.6M
Price/Sales (TTM)4.33
vs. Analyst Target+578.0% to analyst PT
Profit Margin-182.16%
Operating Margin (TTM)-112.04%
Revenue (TTM)$42.1M
Dividend RateNone
Analyst Target Price$4.00 (2 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $595,000 $1.9M $190,000 -$1.4M
2021 $14.3M -$5.3M $6.3M -$593,000
2022 $28.5M -$98.7M $25.0M -$8.5M
2023 $21.1M -$29.2M $15.5M -$6.3M
2024 $38.0M -$63.3M $22.9M -$31.8M
2025 $29.7M -$53.4M $6.5M -$37.9M

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Sep 2025 $8.4M -$24.0M
Dec 2025 $9.2M -$14.5M
Mar 2026 $9.4M -$17.5M
Jun 2026 $15.1M -$20.7M

Ownership & Float

Insider Ownership22.9%
Institutional Ownership21.2%
Short Float13.4%
% of All Funds Holding1.17%
Number of Funds Holding103

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$1.04Near-term / short-term trend
Weekly40-Week SMA$1.17Medium-term trend
Weekly80-Week SMA$1.24Cyclical trend (business cycle)
Weekly200-Week SMA$3.13Secular trend (multi-year)
Monthly10-Month SMA$1.14Near-term monthly trend
Monthly20-Month SMA$1.19Medium-term monthly trend
Monthly40-Month SMA$2.41Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$0.50 support 7.34x 12 months ago

Historical Earnings Reactions (94 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 1.04% 0.00% 36.17% 27.27% -18.75%
1 Day -0.57% 0.00% 37.23% 43.75% -38.46%
1 Week -1.08% -2.45% 30.85% 55.56% -36.47%
2 Weeks -1.47% -5.42% 35.11% 72.13% -48.42%
1 Month 2.46% -6.21% 38.71% 167.30% -56.39%

Next earnings: November 13, 2026 (24 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan14.8%55.6%27
Feb-0.9%40.7%27
Mar0.9%40.7%27
Apr1.9%40.7%27
May-3.1%33.3%27
Jun2.3%48.1%27
Jul7.2%39.3%28
Aug2.4%53.6%28
Sep13.1%32.1%28
Oct3.9%55.6%27
Nov-2.9%37.0%27
Dec-3.1%33.3%27

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.21% 36.4% 1290
Tuesday 0.42% 39.4% 1412
Wednesday 0.07% 36.6% 1412
Thursday 0.20% 37.8% 1385
Friday 0.72% 40.1% 1379

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 21.2%

Insider Transactions — Smart Summary

Total insider ownership: 22.9%

12-Month Insider Activity Summary

Total Filings22
Net Value-$23,809.819
Net Shares Change768,839
% of Float0.4%
C-Suite Filings13
Clusters Detected5

Key Insiders

NameTitleNet ValueFilingsActivity
PICCHI MICHAEL Chief Financial Officer +$220,201 3 3 buy
Phelan William P -$208,952.44 2 2 sell
OReilly Mary Jennifer Chief People Officer -$71,280 1 1 sell
Belizaire John Chief Executive Officer +$60,000 1 1 buy
Thomas Jessica L. Chief Accounting Officer -$46,024.6 2 2 sell
Bottomley John -$10,004.5 1 1 sell

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-11-21 – 2025-12-02 4 3 -$49,117.903 1 C-suite
2025-12-12 – 2025-12-17 4 3 -$205,456.892 1 C-suite
2026-05-22 – 2026-06-03 3 3 +$142,795.5 2 C-suite
2026-06-10 – 2026-06-22 5 3 -$375,986.56 4 C-suite
2026-08-24 – 2026-09-04 4 3 +$103,519.56 3 C-suite

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-08-24 PICCHI MICHAEL Chief Financial Officer +$34,401 Transaction at $1.15, now -48.5%
2026-08-31 PICCHI MICHAEL Chief Financial Officer +$22,600 Transaction at $1.13, now -47.8%
2026-08-27 Belizaire John Chief Executive Officer +$60,000 Transaction at $1.20, now -50.8%
2026-09-24 Thomas Jessica L. Chief Accounting Officer -$37,800 Transaction at $1.26, now -53.2%
2026-05-22 PICCHI MICHAEL Chief Financial Officer +$163,200 Transaction at $1.63, now -63.8%
2026-09-04 Phelan William P -$13,481.44 Transaction at $1.12, now -47.3%

View full insider transaction history on Trend Edge →

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Soluna Holdings Inc (SLNH) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for SLNH on Trend Edge →