Analysts raised fair value for Solana (HSDT) stock after increasing treasury valuation. Analyst lift to treasury valuation produces moderate positive shift in HSDT valuation outlook and near-term sentiment.
| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | — | — | — | — | — | — | — |
| Sell | — | — | — | — | — | — | — | — | — | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2017 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 5.18 | 1.09 | 7.28 | 3.65 |
| Receivables | 0.64 | 0.64 | — | 2.31 |
| Inventory | 0.46 | 1.04 | 1.12 | — |
| Other | — | — | 21.00 | 21.00 |
| 7.44 | 3.42 | 31.16 | 28.75 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 0.53 | 0.87 | 1.89 | 1.29 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | — |
| 1.88 | 2.16 | 3.02 | 2.16 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡ |
| Cash Flow | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Earnings | ‡‡‡ | ‡‡‡ | ‡‡‡ |
| Book Value | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 3.62 | 2.53 | — | — |
—
|
| ’25 | 0.05 | 0.04 | 0.70 | 5.23 |
6.02
|
| ’24 | 0.14 | 0.18 | 0.05 | 0.15 |
0.52
|
| ’23 | 0.11 | 0.26 | 0.14 | 0.13 |
0.64
|
| ’22 | 0.19 | 0.12 | 0.20 | 0.28 |
0.79
|
| ’21 | 0.08 | 0.07 | 0.11 | 0.26 |
0.52
|
| ’20 | 0.21 | 0.13 | 0.13 | 0.19 |
0.66
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (4.83) | (11.89) | — | — |
—
|
| ’25 | (3.54) | (2.76) | (4.04) | (6.18) |
(16.51)
|
| ’24 | (3.00) | (2.89) | (2.77) | (2.38) |
(11.04)
|
| ’23 | (3.19) | (2.74) | (2.45) | (2.03) |
(10.42)
|
| ’22 | (4.68) | (3.66) | (3.82) | (2.14) |
(14.31)
|
| ’21 | (2.92) | (3.77) | (3.23) | (3.46) |
(13.39)
|
| ’20 | (3.75) | (3.23) | (2.59) | (2.17) |
(11.74)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (4.83) | (11.89) | — | — |
—
|
| ’25 | (3.54) | (2.76) | (4.04) | (6.18) |
(16.51)
|
| ’24 | (3.01) | (2.89) | (2.77) | (2.38) |
(11.05)
|
| ’23 | (3.21) | (2.74) | (2.46) | (2.04) |
(10.44)
|
| ’22 | (4.68) | (3.67) | (3.83) | (2.14) |
(14.32)
|
| ’21 | (2.94) | (3.77) | (3.26) | (3.47) |
(13.44)
|
| ’20 | (3.76) | (3.17) | (2.60) | (2.22) |
(11.75)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (1.30) | (0.38) | — | — |
—
|
| ’25 | (382.31) | (79.73) | (32.89) | 4.25 |
(1.85)
|
| ’24 | (2.31k) | (479.76) | (742.13) | (772.11) |
(3.25k)
|
| ’23 | (3.37k) | (2.25k) | (4.12k) | (1.10k) |
(10.91k)
|
| ’22 | (43.10k) | (36.36k) | (4.50k) | (6.37k) |
(38.98k)
|
| ’21 | (61.84k) | (96.70k) | (75.34k) | (49.10k) |
(276.61k)
|
| ’20 | (196.58k) | (104.84k) | (104.84k) | (66.34k) |
(442.28k)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 7,500.00 | 4,267.50 | 279.75 | 2.62 | — | — | — |
Low Price
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 217,012.50 | 15,712.50 | 7,125.00 | 1,200.00 | — | — | — |
High Price
|
| ‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | 26 | 22 | 21 | 21 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.03 | 0.03 | 0.02 | 0.29 | — | — | — |
Revenue/Emp
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.79 | 0.64 | 0.52 | 6.02 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| — | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 41.17% | 9.47% | (11.92%) | 91.69% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.07) | (8.85) | (11.74) | (40.89) | — | — | — |
EBT
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,788.06%) | (1,374.22%) | (2,258.08%) | (679.57%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.07) | (8.85) | (11.74) | (40.89) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 1.01 | 0.16 | 0.06 | 0.68 | — | — | — |
Depreciation
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 1,967.50 | 805.00 | 144.44 | 0.27 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (38,980.51) | (10,914.54) | (3,245.88) | (1.85) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | (35,775.00) | (13,020.00) | (3,066.94) | (0.75) | — | — | — |
Cash Flow/Sh
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | (27.50) | (36.25) | (1.39) | 0.00 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | (35,802.50) | (13,056.25) | (3,068.33) | (0.75) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 20,377.50 | 2,937.50 | 294.17 | 13.65 | — | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.00 | 0.00 | 0.00 | 22.05 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| — | — | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 6.10 | 7.54 | 3.48 | 10.59 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| — | — | ‡‡‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | 0.59 | 2.07 | 1.71 | 0.21 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| — | — | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (12.25) | (0.40) | 1.52 | 9.39 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.67 | 0.02 | (0.07) | (3.42) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.31) | (10.42) | (11.04) | (16.51) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.01) | (0.03) | 0.00 | — | — | — | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.32) | (10.44) | (11.05) | (16.51) | — | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 14.71 | 5.56 | 1.26 | 28.14 | — | — | — |
Working Cap'
|
| — | — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.11 | — | — | — | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (14.44) | (5.18) | (1.09) | (7.28) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 8.15 | 2.35 | 1.06 | 300.91 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (89.66%) | (70.86%) | (209.04%) | (26.60%) | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.00% | 0.00% | 0.00% | (51.90%) | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (145.02%) | (168.56%) | (688.88%) | (27.08%) | — | — | — |
ROE
|
Helios and Matheson Analytics Inc. (HSDT), once thrust into the spotlight by the 2018 MoviePass subscription frenzy that fueled a dot-com-style stock bubble, has since crashed into obscurity amid chronic unprofitability and operational volatility. Revenue peaked at $1.5 million in 2019 before plummeting 65% to $520,000 by 2024, with negative gross margins (-11.9%) and cumulative losses exceeding $140 million signaling deep-seated inefficiencies in its pivot from data analytics to blockchain ventures like Solana integrations. A lean 21-employee operation underscores underutilized capacity, while forecasts predict a further 29% revenue dip in 2025 before a potential 76% rebound in 2026, mirroring past hype cycles but lacking diversification.
The balance sheet offers slim stability—negligible debt and a cash buffer—but eroding shareholder equity (down 55%) and looming massive share dilution (to 41 million shares) threaten further value destruction, with free cash flow per share still deeply negative at -$3,068. Analyst price targets imply a staggering 135,000% upside, suspiciously uniform amid blockchain fervor, yet absent insider buying and persistent EBT losses (-$14.9 million projected for 2025) evoke pre-crash 2018 parallels, positioning HSDT as a high-volatility lottery ticket tied to Solana’s momentum.
Investors face a classic high-risk bet: capitalize on crypto rebound potential or repeat MoviePass’s fade without profitability inflection. Key monitors include Q1 2026 revenue beats and insider signals, demanding tight position sizing under 1% in any portfolio.
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