SOLANA CO (HSDT)
NASDAQFinancialsAsset ManagementSnapshot 2026-10-29
$2.09-7.52%
Close 2026-10-30 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-10-29
Research Workspace
Put HSDT beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Asset Management & Custody Banks is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Operating income improves toward break-even: Comparison needs review.
View ThesisManagement screens weak on capital allocation, earnings delivery, margins, market reaction to earnings.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is highly volatile — it swings about 3% on a typical day and fell roughly 81% in its worst 12-month stretch.
View RiskHSDT’s institutional-grade validator infrastructure is the central growth claim, but latest revenue was flat year over year. The latest quarter missed, with GAAP loss per share of 0.38 against consensus loss of 0.02. HSDT trades at 15× sales versus a 3× peer median, and 14× its own history. The price reflects less growth than our forecast, leaving a substantial peer-multiple premium to justify. Our model puts the next-quarter miss probability near 46%. Operating income’s progress toward break-even remains unverified, so this risk is unresolved. Peer multiples imply a price about 4% below where it trades; the thesis is on watch. This read is provisional.
Trailing returns as of 2026-10-30. HSDT is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 2 analysts currently covering HSDT (as of Oct 2026).
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
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Compare HSDT with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| HSDT Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 2 valuation methods, at three horizons. As of 2026-10-29. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Asset Management & Custody Banks — fair value, gap to price, and forward P/E.
Compare the value case
Put HSDT next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Expand institutional-grade validator infrastructure
JPMorgan tokenized funds on Solana support institutional use, but the headline does not establish meaningful adoption or revenue.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Bottom 25% on quality vs scored peers
TTM earnings are negative. P/E-based methods drop out and the estimate leans on sales- and cash-flow-based methods. A data condition, not a forward call.
Advances: Disciplined capital allocation including share repurchases
Funds support disciplined capital allocation strategy.
Advances: Expand institutional-grade validator infrastructure
Enhances institutional-grade validator infrastructure through stablecoin integration.
Advances: Expand institutional-grade validator infrastructure
SEC clearance boosts institutional validator infrastructure expansion.
Threatens: Improve operating income
Q2 loss impacts growth and revenue objectives.
Advances: Grow revenue through staking and advisory services
Surge in staking revenue supports revenue growth objective.
Advances: Expand institutional-grade validator infrastructure
Validator rewards enhance infrastructure growth plans.
Threatens: Enhance revenue growth
Revenue miss impacts growth objective.
