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Soluna Holdings, Inc. (SLNH)

Financial Services | Capital Markets | Albany, United States | NasdaqCM
1.19 USD +0.03 (2.586%) ⇧ (Aug. 27, 2026, 4 p.m. EDT)
After hours: 1.18 -0.01 (-0.010%) ⇩ (Aug. 27, 2026, 7:59 p.m. EDT)
Short-term:★☆☆☆☆Long-term:⯪☆☆☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Aug. 22, 2026, 5:18 a.m. EDT

The investment case here is fundamentally broken. The business has suffered a catastrophic multi-year collapse, losing over 98% of its value since 2016, with the last four consecutive years seeing double-digit declines. This is not a temporary downturn; the market has consistently reassessed the company downward, evidenced by the price dropping from a peak of $190 in 2021 to under $1 today. While the company boasts a 'strong buy' analyst rating and claims massive growth in AI and Bitcoin capacity, these narratives cannot override the reality of deteriorating fundamentals: negative earnings, negative free cash flow, and a return on equity of nearly -68%. The valuation metrics are nonsensical with negative earnings, and the balance sheet shows significant debt relative to equity. There is no dividend to provide income, and the recent price action shows no recovery momentum, hovering near multi-year lows. Any attempt to buy based on future potential ignores the severe structural damage already inflicted on the stock.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.311728
AutoETS0.312472
MSTL0.317544
AutoTheta0.372207

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 26%
H-stat 1.59
Ljung-Box p 0.000
Jarque-Bera p 0.010
Excess Kurtosis 1.12
Attribute Value
Sector Financial Services
Ex Dividend Date 2019-03-20
Last Dividend Date 2019-03-10
Debt to Equity Ratio 18.562
Revenue per Share 0.54
Market Cap 291,062,784
Forward P/E -5.17
Beta 5.12
Profit Margins -182.16%
Previous Name Mechanical Technology, Incorporated
Website https://www.solunacomputing.com

Dividend Data

Dividend History
Date Dividend Yield %
2019-03-11 9.25 26.811594
Additional Data
exDividendDate 2019-03-21
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 9.25
lastDividendDate 2019-03-11
dividendDate 2019-03-20

Info Dump

Attribute Value
52 Week Change 1.531915
Address1 325 Washington Avenue Extension
All Time High 6,733.3335
All Time Low 0.36
Ask 1.17
Ask Size 1
Average Analyst Rating 1.0 - Strong Buy
Average Daily Volume10 Day 10,672,600
Average Daily Volume3 Month 14,733,755
Average Volume 14,733,755
Average Volume10Days 10,672,600
Beta 5.116
Bid 0.7
Bid Size 3
Book Value 0.696
City Albany
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 1.19
Current Ratio 2.057
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 1.21
Day Low 1.15
Debt To Equity 18.562
Display Name Soluna
Dividend Date 1,553,040,000
Earnings Call Timestamp End 1,786,654,800
Earnings Call Timestamp Start 1,786,654,800
Earnings Timestamp 1,786,651,200
Earnings Timestamp End 1,794,513,600
Earnings Timestamp Start 1,794,513,600
Ebitda -34,440,000
Ebitda Margins -0.8185
Enterprise To Ebitda -7.882
Enterprise To Revenue 6.451
Enterprise Value 271,452,800
Eps Current Year -0.41
Eps Forward -0.23
Eps Trailing Twelve Months -0.69
Esg Populated 0
Ex Dividend Date 1,553,126,400
Exchange NCM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 1.2798
Fifty Day Average Change -0.0898
Fifty Day Average Change Percent -0.07016721
Fifty Two Week Change Percent 153.1915
Fifty Two Week High 5.14
Fifty Two Week High Change -3.9499998
Fifty Two Week High Change Percent -0.76848245
Fifty Two Week Low 0.43
Fifty Two Week Low Change 0.76000005
Fifty Two Week Low Change Percent 1.767442
Fifty Two Week Range 0.43 - 5.14
Financial Currency USD
First Trade Date Milliseconds 929,367,000,000
Float Shares 186,510,097
Forward Eps -0.23
Forward P E -5.173913
Free Cashflow -40,091,876
Full Exchange Name NasdaqCM
Full Time Employees 51
Fullday Change 0.0300001
Fullday Change Percent 2.58621
Fullday Price 1.18
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.58528
Gross Profits 24,627,000
Has Pre Post Market Data 1
Held Percent Insiders 0.22917
Held Percent Institutions 0.20715
Implied Shares Outstanding 244,590,575
Industry Capital Markets
Industry Disp Capital Markets
Industry Key capital-markets
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,552,262,400
Last Dividend Value 9.25
Last Fiscal Year End 1,767,139,200
Last Split Date 1,697,414,400
Last Split Factor 1:25
Long Business Summary 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. In addition, the company develops and builds modular data centrers that use for cryptocurrency mining. Further, it provides data center hosting services, including electrical power and network connectivity to cryptocurrency mining customers. Soluna Holdings, Inc. was formerly known as Mechanical Technology Inc and as changed to Soluna Holdings, Inc. in November 2021. The company was founded in 1961 and is headquartered in Albany, New York.
Long Name Soluna Holdings, Inc.
Market us_market
Market Cap 291,062,784
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_287018
Most Recent Quarter 1,782,777,600
Name Change Date 2,026-08-28
Net Income To Common -92,356,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 283,725,067
Number Of Analyst Opinions 1
Open 1.19
Operating Cashflow -19,431,000
Operating Margins -1.12039
Payout Ratio 0.0
Phone 516 216 9257
Post Market Change -0.01000011
Post Market Change Percent -0.8403453
Post Market Price 1.18
Post Market Time 1,787,875,158
Prev Name Mechanical Technology, Incorporated
Previous Close 1.16
Price Eps Current Year -2.902439
Price Hint 4
Price To Book 1.7097702
Price To Sales Trailing12 Months 6.9173846
Profit Margins -1.82161
Quick Ratio 1.835
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key strong_buy
Recommendation Mean 1.0
Region US
Regular Market Change 0.0300001
Regular Market Change Percent 2.58621
Regular Market Day High 1.21
Regular Market Day Low 1.15
Regular Market Day Range 1.15 - 1.21
Regular Market Open 1.19
Regular Market Previous Close 1.16
Regular Market Price 1.19
Regular Market Time 1,787,860,800
Regular Market Volume 10,952,257
Return On Assets -0.1731
Return On Equity -0.68363
Revenue Growth 1.446
Revenue Per Share 0.54
Sand P52 Week Change 0.1890428
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 244,590,575
Shares Percent Shares Out 0.119899996
Shares Short 29,329,617
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 34,410,087
Short Name Soluna Holdings, Inc.
Short Percent Of Float 0.1317
Short Ratio 2.62
Source Interval 15
State NY
Symbol SLNH
Target High Price 4.0
Target Low Price 4.0
Target Mean Price 4.0
Target Median Price 4.0
Total Cash 113,364,000
Total Cash Per Share 0.463
Total Debt 39,295,000
Total Revenue 42,077,000
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.69
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 1.32605
Two Hundred Day Average Change -0.13604999
Two Hundred Day Average Change Percent -0.10259793
Type Disp Equity
Volume 10,952,257
Website https://www.solunacomputing.com
Zip 12,205