SLNH vs STEX

Soluna Holdings, Inc. vs Streamex Corp. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — SLNH scores higher on quality with 5.9/10 vs STEX's 4.6/10. SLNH trades at $1.65 while STEX trades at $1.19. Both analyzed daily using SEC EDGAR data across 13 institutional models.

SLNH

Capital Markets
Soluna Holdings, Inc.
Quality
5.9
out of 10
Value Trap
24
SAFE
Price
$1.65
Last close
Models
11/13
Active
VS

STEX

Capital Markets
Streamex Corp.
Quality
4.6
out of 10
Value Trap
50
WARN
Price
$1.19
Last close
Models
7/13
Active
SLNH
Earnings Power Value sees +171.4% upside
Limited to 2/13 visible models
STEX
2 models active
Value Trap 50/100 — caution

SLNH vs STEX — Fair Value Comparison

SLNH
$0$2$3$5 Price$1.65 Bayesian …$0.42 (-74.6%) Earnings …$4.29 (+171.4%)
STEX
$0$0$1$1 Price$1.19 Bayesian …$0.09 (-92.8%) Dynamic N…$0.16 (-86.2%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType SLNH Fair ValueSLNH Upside STEX Fair ValueSTEX Upside
Bayesian DCF Intrinsic $0.42 -74.6% $0.09 -92.8%
Earnings Power Value Intrinsic $4.29 +171.4%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $0.17 -89.7% $0.16 -86.2%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

SLNH vs STEX — Which Stock Is More Undervalued in 2026?

SLNH scores higher with a 5.9/10 quality rating vs STEX's 4.6/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do SLNH and STEX Valuations Compare?

At $1.65, SLNH trades +74.6% above its Bayesian DCF fair value of $0.42, while STEX at $1.19 trades +92.8% above its estimate of $0.09. STEX shows a wider gap between price and intrinsic value.

Quality of Company: SLNH vs STEX

SLNH earns a Quality of Company score of 5.9/10 compared to STEX's 4.6/10. This moderate difference suggests one company has an edge in fundamental quality, though both may offer investment merit depending on valuation. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: SLNH vs STEX

SLNH carries a SAFE value trap risk (24/100) while STEX shows WARN risk (50/100). Stocks with value trap scores above 40 may appear undervalued but face deteriorating fundamentals — declining margins, rising debt, or shrinking revenue can make the apparent discount a trap.

Both in Capital Markets

Both SLNH and STEX operate in Capital Markets, which has 86 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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