SLNH
Bearish signal
Factor checklist — research, not advice
A check leans with a bullish reading. A cross leans against it. A dash is unavailable or mixed.
- Insider Supports a bullish reading. Open-market purchases outweigh sales
- Congress Unavailable or mixed. No purchase disclosures in the stored window
- Financial indicators Unavailable or mixed. Current ratio 1.87 · operating margin -113% — readings disagree
- Narrative Pulls against a bullish reading. Stored narrative reading is in the bearish band
- Timing Unavailable or mixed. No stored price series
ACHAT TOTAL: 50 000 titres (~60 000,00 $ US) VENTE TOTALE: 12 037 titres (~13 481,44 $ US)
- Insiders
- Phelan William PBelizaire John
- Total bought
-
$60,000
Avg buy (VWAP, 90d window) $1.17 vs last close —
- Total sold
-
$13,481
Avg sell (VWAP, 90d window) $7.34 vs last close —
- Last activity
- 2026-09-03
- Last synced
-
2026-09-09 09:58:02
Sign in to request a sync of this company's price history and timing levels.
Insider holdings as a share of total assets aren't available for this company.
Avg buy and avg sell are volume-weighted prices (sum of shares × price, divided by shares) for Form 4 rows in this 90-day window that report both figures. A comparison with last close is market context for that average, not advice.
Recent Form 4
Filings in the 90-day window for this company. Value is shares × price from the filing. Research, not advice.
| Date | Person | Side | Shares | Price | Value | Form 4 |
|---|---|---|---|---|---|---|
| 2026-09-23 | Thomas Jessica L. | Sell | 30,000 | $1.26 | $37,800 | Form 4 |
| 2026-09-03 | Phelan William P | Sell | 12,037 | $1.12 | $13,481 | Form 4 |
| 2026-09-01 | Belizaire John | Sell | 1,000 | $11.91 | $11,910 | Form 4 |
| 2026-08-31 | Phelan William P | Sell | 3,188 | $12.08 | $38,511 | Form 4 |
| 2026-08-28 | Phelan William P | Sell | 5,039 | $12.25 | $61,728 | Form 4 |
| 2026-08-28 | PICCHI MICHAEL | Buy | 20,000 | $1.13 | $22,600 | Form 4 |
| 2026-08-27 | Phelan William P | Sell | 8,099 | $12.08 | $97,836 | Form 4 |
| 2026-08-26 | Belizaire John | Buy | 50,000 | $1.20 | $60,000 | Form 4 |
| 2026-08-26 | Phelan William P | Sell | 1,862 | $12.09 | $22,512 | Form 4 |
| 2026-08-25 | Phelan William P | Sell | 5,000 | $12.00 | $60,000 | Form 4 |
| 2026-08-24 | Phelan William P | Sell | 5,000 | $11.66 | $58,300 | Form 4 |
| 2026-08-24 | PICCHI MICHAEL | Buy | 10,000 | $1.14 | $11,400 | Form 4 |
| 2026-08-21 | Phelan William P | Sell | 8,843 | $12.29 | $108,680 | Form 4 |
| 2026-08-20 | PICCHI MICHAEL | Buy | 20,000 | $1.15 | $23,000 | Form 4 |
| 2026-08-20 | Phelan William P | Sell | 1,157 | $12.45 | $14,405 | Form 4 |
| 2026-08-19 | Phelan William P | Sell | 5,000 | $12.61 | $63,050 | Form 4 |
| 2026-08-17 | Hirshfield Edward R | Sell | 9,007 | $12.34 | $111,146 | Form 4 |
Price (1 year)
Live chart from TradingView — independent market data, as price context around the filings, not the Quorum score. EMA 50/200 and Bollinger load by default. When the exchange is known it is sent as EXCHANGE:SYMBOL; otherwise TradingView resolves the ticker best-effort.
Market snapshot
Signal
Bearish signalScored 2026-09-01
Despite a meaningful insider cluster buy signal (score 70) following a legitimate 28 MW contract catalyst and 145% YoY revenue growth, SLNH's deeply distressed financial foundation — persistent negative margins, chronic…
The first sentence of the analysis written for SLNH on 2026-09-01 - a real excerpt, not a sample. The rest of it, the 0-100 score and the rating it produced are part of Plus. See plans.
Financial ratios
| Metric | Trend | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
| Gross Profit Margin | 21.7% | 60.3% | 73.4% | 87.5% | 43.7% | |
| Ebit Margin | -183.3% | -124.6% | -93.4% | -128.4% | -31.1% | |
| Ebitda Margin | -127.7% | -83.5% | -29.9% | -29.6% | -4.1% | |
| Operating Profit Margin | -113.3% | -125.0% | -96.1% | -297.0% | -31.2% | |
| Pretax Profit Margin | -199.6% | -159.9% | -136.6% | -379.6% | -44.2% | |
| Continuous Operations Profit Margin | -191.8% | -153.3% | -131.5% | -374.9% | -44.5% | |
| Net Profit Margin | -179.7% | -166.6% | -138.6% | -345.8% | -36.7% | |
| Bottom Line Profit Margin | -232.4% | -195.1% | -171.3% | -393.9% | -41.1% | |
| Current Ratio | 1.873 | 0.282 | 0.507 | 0.127 | 1.593 | |
| Quick Ratio | 1.873 | 0.282 | 0.507 | 0.127 | 1.593 | |
| Solvency Ratio | -0.487 | -0.786 | -0.417 | -1.822 | -0.052 | |
| Cash Ratio | 1.554 | 0.164 | 0.226 | 0.038 | 0.654 | |
| Price To Earnings Ratio | -0.492 | -2.625 | -0.144 | -0.036 | -24.212 | |
| Price To Earnings Growth Ratio | -0.002 | 0.027 | 0.002 | -0.000 | 0.076 | |
| Forward Price To Earnings Growth Ratio | -0.002 | 0.027 | 0.002 | -0.000 | 0.076 | |
| Price To Earnings Diluted Ratio | -0.492 | -2.625 | -0.144 | -0.036 | -24.212 | |
| Price To Earnings Diluted Growth Ratio | -0.002 | 0.027 | 0.002 | -0.000 | 0.076 | |
| Price To Book Ratio | 0.619 | -10.570 | 0.198 | 0.093 | 1.400 | |
| Price To Sales Ratio | 1.144 | 3.469 | 0.249 | 0.136 | 8.881 | |
| Price To Free Cash Flow Ratio | -0.913 | -7.150 | -0.334 | -0.056 | -2.463 | |
| Price To Operating Cash Flow Ratio | -3.715 | -26.021 | -1.759 | -0.678 | 22.947 | |
| Debt To Assets Ratio | 0.156 | 0.248 | 0.217 | 0.269 | 0.073 | |
| Debt To Equity Ratio | 0.533 | -1.748 | 0.746 | 0.546 | 0.094 | |
| Debt To Capital Ratio | 0.348 | 2.336 | 0.427 | 0.353 | 0.086 | |
| Long Term Debt To Capital Ratio | 0.246 | -1.303 | 0.000 | 0.000 | 0.000 | |
| Financial Leverage Ratio | 3.426 | -7.055 | 3.443 | 2.029 | 1.294 | |
| Working Capital Turnover Ratio | 6.943 | -1.575 | -1.063 | -3.470 | 2.306 | |
| Operating Cash Flow Ratio | -0.186 | -0.106 | -0.106 | -0.195 | 0.354 | |
| Operating Cash Flow Sales Ratio | -0.308 | -0.133 | -0.142 | -0.201 | 0.387 | |
| Free Cash Flow Operating Cash Flow Ratio | 4.068 | 3.639 | 5.273 | 12.091 | -9.315 | |
| Debt Service Coverage Ratio | -2.585 | -1.718 | -0.236 | -0.229 | -0.064 | |
| Interest Coverage Ratio | -6.964 | -18.806 | -7.366 | -10.124 | -2.382 | |
| Short Term Operating Cash Flow Coverage Ratio | -1.023 | -0.349 | -0.154 | -0.254 | 0.684 | |
| Operating Cash Flow Coverage Ratio | -0.313 | -0.232 | -0.151 | -0.251 | 0.650 | |
| Capital Expenditure Coverage Ratio | -0.326 | -0.379 | -0.234 | -0.090 | 0.097 | |
| Dividend Paid And Capex Coverage Ratio | -0.326 | -0.379 | -0.234 | -0.085 | 0.096 | |
| Dividend Payout Ratio | 0.000 | 0.000 | 0.000 | -0.039 | -0.120 | |
| Enterprise Value Multiple | 0.347 | -4.594 | -2.967 | -3.033 | -211.947 |
Sparkline shows each ratio oldest → newest (left → right).
How the latest year compares
For each ratio: its most recent value, the change versus one year earlier, and versus its 5-year average. ▲ higher ▼ lower
| Metric | Current | vs 1Y ago | vs 5Y avg |
|---|---|---|---|
| Gross Profit Margin | 21.7% | ▼-38.6% | ▼-35.6% |
| Ebit Margin | -183.3% | ▼-58.7% | ▼-71.1% |
| Ebitda Margin | -127.7% | ▼-44.1% | ▼-72.7% |
| Operating Profit Margin | -113.3% | ▲11.7% | ▲19.2% |
| Pretax Profit Margin | -199.6% | ▼-39.7% | ▼-15.6% |
| Continuous Operations Profit Margin | -191.8% | ▼-38.4% | ▼-12.6% |
| Net Profit Margin | -179.7% | ▼-13.2% | ▼-6.2% |
| Bottom Line Profit Margin | -232.4% | ▼-37.3% | ▼-25.6% |
| Current Ratio | 1.873 | ▲1.591 | ▲0.997 |
| Quick Ratio | 1.873 | ▲1.591 | ▲0.997 |
| Solvency Ratio | -0.487 | ▲0.299 | ▲0.226 |
| Cash Ratio | 1.554 | ▲1.390 | ▲1.026 |
| Price To Earnings Ratio | -0.492 | ▲2.133 | ▲5.010 |
| Price To Earnings Growth Ratio | -0.003 | ▼-0.029 | ▼-0.023 |
| Forward Price To Earnings Growth Ratio | -0.003 | ▼-0.029 | ▼-0.023 |
| Price To Earnings Diluted Ratio | -0.492 | ▲2.133 | ▲5.010 |
| Price To Earnings Diluted Growth Ratio | -0.003 | ▼-0.029 | ▼-0.023 |
| Price To Book Ratio | 0.620 | ▲11.189 | ▲2.271 |
| Price To Sales Ratio | 1.144 | ▼-2.325 | ▼-1.632 |
| Price To Free Cash Flow Ratio | -0.913 | ▲6.237 | ▲1.270 |
| Price To Operating Cash Flow Ratio | -3.715 | ▲22.306 | ▼-1.870 |
| Debt To Assets Ratio | 0.156 | ▼-0.092 | ▼-0.037 |
| Debt To Equity Ratio | 0.533 | ▲2.282 | ▲0.499 |
| Debt To Capital Ratio | 0.348 | ▼-1.988 | ▼-0.362 |
| Long Term Debt To Capital Ratio | 0.246 | ▲1.549 | ▲0.457 |
| Financial Leverage Ratio | 3.426 | ▲10.481 | ▲2.799 |
| Working Capital Turnover Ratio | 6.943 | ▲8.519 | ▲6.315 |
| Operating Cash Flow Ratio | -0.186 | ▼-0.080 | ▼-0.138 |
| Operating Cash Flow Sales Ratio | -0.308 | ▼-0.174 | ▼-0.228 |
| Free Cash Flow Operating Cash Flow Ratio | 4.067 | ▲0.428 | ▲0.916 |
| Debt Service Coverage Ratio | -2.585 | ▼-0.867 | ▼-1.619 |
| Interest Coverage Ratio | -6.964 | ▲11.842 | ▲2.165 |
| Short Term Operating Cash Flow Coverage Ratio | -1.023 | ▼-0.674 | ▼-0.804 |
| Operating Cash Flow Coverage Ratio | -0.313 | ▼-0.080 | ▼-0.253 |
| Capital Expenditure Coverage Ratio | -0.326 | ▲0.053 | ▼-0.140 |
| Dividend Paid And Capex Coverage Ratio | -0.326 | ▲0.053 | ▼-0.140 |
| Dividend Payout Ratio | 0.000 | 0.000 | ▲0.032 |
| Enterprise Value Multiple | 0.347 | ▲4.941 | ▲44.786 |
Key metrics
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market cap | $34.0M | $131.9M | $5.3M | $3.9M | $127.4M | |
| Enterprise value | -$13.2M | $145.9M | $18.7M | $25.6M | $125.7M | |
| EV / Sales | -0.44x | 3.84x | 0.89x | 0.90x | 8.76x | |
| EV / Op. cash flow | 1.44x | -28.78x | -6.25x | -4.46x | 22.64x | |
| EV / Free cash flow | 0.35x | -7.91x | -1.19x | -0.37x | -2.43x | |
| EV / EBITDA | 0.35x | -4.59x | -2.97x | -3.03x | -211.95x | |
| Net debt / EBITDA | 1.24x | -0.44x | -2.13x | -2.57x | 2.89x | |
| Current ratio | 1.87x | 0.28x | 0.51x | 0.13x | 1.59x | |
| Income quality | 0.17x | 0.09x | 0.11x | 0.06x | -0.87x | |
| Graham net-net | $0 | -$1 | -$22 | -$62 | -$34 | |
| Tax burden | 90.1% | 104.2% | 101.5% | 91.1% | 82.9% | |
| Interest burden | 108.9% | 128.3% | 146.3% | 295.5% | 142.1% | |
| Working capital | $42.9M | -$34.4M | -$13.9M | -$25.8M | $9.3M | |
| Invested capital | $128.5M | $30.8M | $58.1M | $54.3M | $100.1M | |
| Return on assets | -28.4% | -71.9% | -32.0% | -116.2% | -4.5% | |
| Operating ROA | -24.4% | -53.0% | -23.0% | -83.7% | -7.1% | |
| Return on tangible assets | -29.7% | -89.9% | -45.4% | -203.4% | -7.3% | |
| Return on equity | -97.4% | 507.5% | -110.1% | -235.8% | -5.8% | |
| Return on invested capital | -21.9% | -83.3% | -23.6% | -107.0% | -4.1% | |
| Return on capital employed | -24.3% | -118.3% | -32.1% | -152.9% | -4.4% | |
| Earnings yield | -157.2% | -48.0% | -555.7% | -2534.1% | -4.1% | |
| Free cash flow yield | -109.5% | -14.0% | -299.7% | -1784.4% | -40.6% | |
| Capex / Op. cash flow | -306.8% | -263.9% | -427.3% | -1109.1% | 1031.5% | |
| Capex / Depreciation | 398.6% | 84.8% | 93.7% | 224.4% | 1479.0% | |
| Capex / Sales | 94.4% | 35.2% | 60.6% | 223.4% | 399.2% | |
| SG&A / Sales | 102.7% | 124.2% | 74.5% | 67.5% | 63.9% | |
| R&D / Sales | 0.0% | 0.0% | 0.0% | 0.0% | 10.6% | |
| Stock comp / Sales | 35.6% | 14.0% | 20.5% | 12.9% | 13.5% | |
| Intangibles / Total assets | 4.4% | 20.0% | 29.6% | 42.9% | 38.9% | |
| Days sales outstanding | 68d | 26d | 59d | 7d | 14d | |
| Days payables outstanding | 76d | 69d | 137d | 363d | 134d | |
| Operating cycle | 68d | 26d | 59d | 7d | 14d | |
| Cash conversion cycle | -8d | -43d | -78d | -356d | -120d |
Change by theme
Grouped by what each metric measures. Each figure is the change over the period shown — ▲ up ▼ down versus then.
Change over 1 year
Valuation
Market cap ▼-74.2%EV / Sales ▼-111.6%EV / EBITDA ▲+107.6%EV / Op. cash flow ▲+30.217Earnings yield ▼-1.091
Profitability
Return on equity ▼-6.049Return on assets ▲+0.435Return on invested capital ▲+0.614Return on capital employed ▲+0.940Operating ROA ▲+0.286Income quality ▲+0.084Tax burden ▼-0.141
Efficiency
Days sales outstanding ▲+41.847Days payables outstanding ▲+7.607Operating cycle ▲+41.847Cash conversion cycle ▲+34.240Capex / Sales ▲+0.593R&D / Sales n/a
Balance-sheet strength
Current ratio ▲+1.591Net debt / EBITDA ▲+1.683Working capital ▲+77316000.000Invested capital ▲+97642000.000Intangibles / Total assets ▼-0.156
Change over 5 years
Valuation
Market cap ▼-73.3%EV / Sales ▼-105.1%EV / EBITDA ▲+100.2%EV / Op. cash flow ▼-21.198Earnings yield ▼-1.530
Profitability
Return on equity ▼-0.916Return on assets ▼-0.239Return on invested capital ▼-0.178Return on capital employed ▼-0.199Operating ROA ▼-0.173Income quality ▲+1.040Tax burden ▲+0.071
Efficiency
Days sales outstanding ▲+54.313Days payables outstanding ▼-57.537Operating cycle ▲+54.313Cash conversion cycle ▲+111.850Capex / Sales ▼-3.048R&D / Sales ▼-0.106
Balance-sheet strength
Current ratio ▲+0.280Net debt / EBITDA ▼-1.651Working capital ▲+33639000.000Invested capital ▲+28340000.000Intangibles / Total assets ▼-0.346
Employee count
Peer market caps
Congressional trades
STOCK Act disclosures (90-day window)
Amounts are STOCK Act brackets as disclosed. Quorum does not turn a bracket into an exact price or a midpoint.
No STOCK Act disclosures for this company in this window.
Recent news
- 2026-09-08 Soluna Finishes Kati 1 and Secures Conditional Base Load Position for All 166 MW in ERCOT ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. ("Soluna" or the "Company") (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced two milestones at its Project Kati campus in Willacy County, Texas. The Company has energized the final 14 MW at Project Kati 1, completing the 83 MW site, and has been notified that ERCOT has conditionally classified the full 166 MW Kati campus, including the planned Kati 2 AI ex.
- 2026-08-31 Reviewing Soluna (NASDAQ:SLNH) and Portage Biotech (NASDAQ:ALP) Portage Biotech (NASDAQ: ALP - Get Free Report) and Soluna (NASDAQ: SLNH - Get Free Report) are both small-cap technology companies, but which is the better stock? We will compare the two businesses based on the strength of their earnings, dividends, analyst recommendations, valuation, profitability, risk and institutional ownership. Risk and Volatility Portage Biotech has a beta
- 2026-08-25 Soluna and Bitdeer Enter 28 MW Agreement at Project Kati 1 [url="]Soluna Holdings, Inc.[/url] ("Soluna" or the "Company") (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including
- 2026-08-25 Soluna and Bitdeer Enter 28 MW Agreement at Project Kati 1 ALBANY, N.Y.--(BUSINESS WIRE)--Soluna Holdings, Inc. ("Soluna" or the "Company") (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced that one of its subsidiaries has entered into an agreement with Dory Creek, LLC, a wholly owned subsidiary of Bitdeer Technologies Group ("Bitdeer") (NASDAQ: BTDR), a world-leading technology company for AI and Bitcoin mining infrastructure. Under the agreement, Bitdeer will deplo.
- 2026-08-24 Soluna Closes Purchase of 397 Acres for Project Dorothy 3 ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced it has closed the purchase of 397 acres in Briscoe County, Texas. The land will host Project Dorothy 3, Soluna''s planned renewable-first AI computing campus with a potential capacity of up to 300 MW. The parcel sits adjacent to Projects Dorothy 1 and 2 and to the 150 MW Briscoe Wi.
- 2026-08-18 Soluna Holdings: The $1.3B Question Remains Unanswered Soluna Holdings, Inc. is transitioning from Bitcoin mining to AI data center hosting, but market focus has shifted to its ability to finance growth without excessive dilution. Q2 2026 revenue surged 145% to $15.06M, yet gross profit declined and share count more than doubled due to aggressive equity financing, highlighting dilution risk. Execution hinges on securing a definitive lease and project-level debt (targeting 70-80%) for Kati 2; failure could force further equity issuance and undermine valuation.
- 2026-08-14 Soluna Holdings, Inc. (SLNH) Q2 2026 Earnings Call Transcript Soluna Holdings, Inc. (SLNH) Q2 2026 Earnings Call Transcript
- 2026-08-13 Soluna Q2 Earnings Call Highlights Soluna NASDAQ: SLNH reported second-quarter 2026 revenue of $15.1 million, up 145% from a year earlier, as its hosting operations expanded and additional sites ramped. The company said the quarter marked its fifth consecutive period of sequential revenue growth, while it continued to build its renewable-powered data center pipeline for AI and high-performance computing workloads.
- 2026-08-13 Soluna Reports Q2''26 Results; Revenue Grows 145% Year-Over-Year ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“Soluna” or the “Company”) (NASDAQ: SLNH), a developer of green data centers for intensive computing applications, including Bitcoin mining and AI, announced its financial results for the second quarter ended June 30, 2026. "This is Soluna''s fifth consecutive quarter of sequential revenue growth, and a 145% year-over-year increase that reflects the operating leverage we are building across the portfolio," said John Belizaire, CEO of Soluna H.
- 2026-07-30 Soluna Announces Date of Second Quarter 2026 Earnings Call ALBANY, N.Y.--(BUSINESS WIRE)---- $SLNH #SLNH--Soluna Holdings, Inc. (“Soluna”) (Nasdaq: SLNH), a developer of green data centers for intensive computing applications, including AI and Bitcoin mining, today announced it will release its second quarter 2026 financial results on Thursday, August 13, 2026, and host a conference call and webcast beginning at 5:00 PM ET. Conference Call and Webcast Details Date: Thursday, August 13, 2026 Time: 5:00 PM ET Webcast link: Register here Phone Dial-In with Live Q&A:.