SLNH — Soluna Holdings Inc

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

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$1.34
Market Cap$260M
Float119.1M
Shares Outstanding157.7M
Price/Sales (TTM)6.60
vs. Analyst Target+273.1% to analyst PT
Profit Margin-190.87%
Operating Margin (TTM)-176.99%
Revenue (TTM)$33.2M
Dividend RateNone
Analyst Target Price$5.00

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
Jun 2025 $6.2M -$7.4M
Sep 2025 $8.4M -$24.0M
Dec 2025 $9.2M -$14.5M
Mar 2026 $9.4M -$17.5M

Ownership & Float

Insider Ownership23.2%
Institutional Ownership7.5%
Short Float20.5%
% of All Funds Holding0.46%
Number of Funds Holding38

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$1.41Near-term / short-term trend
Weekly40-Week SMA$1.56Medium-term trend
Weekly80-Week SMA$1.40Cyclical trend (business cycle)
Weekly200-Week SMA$7.28Secular trend (multi-year)
Monthly10-Month SMA$1.61Near-term monthly trend
Monthly20-Month SMA$1.41Medium-term monthly trend
Monthly40-Month SMA$2.84Secular 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
$0.80 support 1.98x 1 months ago
$0.50 support 7.34x 8 months ago

Historical Earnings Reactions (93 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap 1.08% 0.00% 36.56% 27.27% -18.75%
1 Day -0.58% 0.00% 36.56% 43.75% -38.46%
1 Week -0.99% -2.20% 31.18% 55.56% -36.47%
2 Weeks -1.33% -5.36% 35.48% 72.13% -48.42%
1 Month 2.64% -6.02% 39.13% 167.30% -56.39%

Next earnings: August 6, 2026 (61 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
Jun3.2%50.0%26
Jul7.8%40.7%27
Aug2.9%55.6%27
Sep13.4%29.6%27
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 -0.22% 36.3% 1272
Tuesday 0.43% 39.4% 1392
Wednesday 0.11% 36.8% 1392
Thursday 0.19% 37.7% 1365
Friday 0.75% 40.1% 1361

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 7.5%

Insider Transactions — Smart Summary

Total insider ownership: 23.2%

12-Month Insider Activity Summary

Total Filings15
Net Value+$73,544.741
Net Shares Change734,964
% of Float0.6%
C-Suite Filings7
Clusters Detected4

Key Insiders

NameTitleNet ValueFilingsActivity
PICCHI MICHAEL Chief Financial Officer +$163,200 1 1 buy
Phelan William P -$109,136.596 3 3 sell
Hirshfield Edward R -$68,642.941 2 2 sell
MICHAELS DAVID C Chief Financial Officer -$54,722.236 1 1 sell
Bottomley John -$10,004.5 1 1 sell
Thomas Jessica L. Chief Accounting Officer -$9,240 1 1 sell
Tunison John Chief Financial Officer +$5,280 1 1 buy

Transaction Clusters

PeriodFilingsInsidersNet ValueSeniority
2025-06-12 – 2025-06-12 3 3 -$43,139.58 2 C-suite
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

Significant Filings

DateInsiderTitleNet ValuePrice After
2026-05-22 PICCHI MICHAEL Chief Financial Officer +$163,200 Transaction at $1.63, now -17.9%
2026-06-03 Bottomley John -$10,004.5 Transaction at $10.00, now -86.6%
2025-06-12 Tunison John Chief Financial Officer +$5,280 Transaction at $2.64, now -49.2%
2025-12-15 MICHAELS DAVID C Chief Financial Officer -$54,722.236 Transaction at $8.18, now -83.6%
2025-12-12 Hirshfield Edward R -$46,256.041 Transaction at $9.76, now -86.3%
2025-06-12 Thomas Jessica L. Chief Accounting Officer -$9,240 Transaction at $2.80, now -52.1%

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 →