Stock Ratings / Materials / SND / options

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Smart Sand Inc. (SND) Options Positioning, Max Pain & Unusual Sweeps

$4.89 -1.21% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $4.87

Smart Sand Inc. (SND) carries a Roarable Rating of D+ (Sell) with 53/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

📊 Historical Track Record: Scores of 53/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.9% avg 90D alpha vs SPY) →

ROARABLE D+ • SELL / AVOID Cap $207.3M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on SND Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is SND stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

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As of 2026-11-02, Smart Sand Inc. (NASDAQ: SND) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 53/100 at a spot price of $4.89 (-1.21% 1D, market cap $207.3M). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 7/20, Executive Insider Alignment 14/20, FRED Macro Regime Fit 11/20, and SEC Balance-Sheet Forensics 10/20. Across 270 tracked Materials issuers, SND ranks #87 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does SND compare to IONR and ABAT in the Materials sector?

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Within the Materials sector (Mining & Quarrying of Nonmetallic Minerals (No Fuels)), SND carries a Roarable D+ (53/100 RQD), trailing P/E of 154.1x, gross margin of 11.5%, and ROIC of -1.6%. By comparison, IONR (ioneer Ltd) holds a D grade (48/100 RQD, P/E N/A, ROIC —, cap $216.8M) and ABAT (American Battery Technology Company) posts a E grade (29/100 RQD, P/E N/A, ROIC -35.0%, cap $222.4M). Among the 5-stock peer group, SND leads on earnings multiple (154.1x) while SND leads on capital efficiency (-1.6% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for SND?

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Per SND's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001529628), Smart Sand Inc. generated $330.2M in revenue (+6.0% YoY), $1.3M in net income, and $32.5M in free cash flow against $340.0M in total assets and $8.7M in total debt. Key quantitative strengths: Established market leader in Materials with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $4.87 (-0.41%)🧬 Cannibal Buyback (-0.68% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 9.9% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 53/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.9% avg 90D alpha vs SPY • 50.6% hit rate — wait for RQD ≥ 70 breakout).

Audit Bucket Track Record →

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE-2.2% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for SND)Realized 20D OHLCV Swing Band: ±7.9%

Deterministic 5-Pillar Attribution (53/100 Composite)

🔍 WHY SND SCORES 53/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: SEC 10-K Forensic Risk+14/20 pts (26% of score)

Altman Z-Score 2.58 (WATCH ZONE (1.8–3.0)) • Piotroski F-Score 7/9

▲ #2 Bullish Driver: Cash Engine Quality+11/20 pts (21% of score)

SEC XBRL FY 2025 (10-K): 9.9% FCF Margin ($32.5M FCF) & 11.5% Gross Margin

▼ #1 Drag / Risk Factor: Whale & Options Positioning7/20 pts (-13 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-13 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade C$5.28-3% Next Q

Q2 (-2Q)

Grade C$5.12-5.5% Next Q

Q3 (-1Q)

Grade C$4.84+1% Next Q

Current

Grade D+$4.89-0.9% Hist 90D α

Trajectory: C (61) → D+ (53)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)CONTRARIAN TURNAROUND & SHORT-SQUEEZE DOSSIER

⚔️ Adversarial Opposing Case: What Could Spark a SND Turnaround Squeeze

Gideon Ashmere Forensic Desk →

While SND currently carries a cautious 53/100 (D+) rating due to Whale & Options Positioning (7/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.

🚀 Contrarian Squeeze Trigger #1

Established market leader in Materials with deep daily trading liquidity.

🚀 Contrarian Squeeze Trigger #2

Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($5.14) and Max Pain ($5.13) forces dealer call-delta covering toward $6.22.

🚀 Contrarian Squeeze Trigger #3

Forensic Repair Trigger: Halting share dilution (Cannibal Buyback (-0.68% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.

🎲 LIVE PREDICTION MARKET ODDS TIED TO $SND• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “SND Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”

YES 53%NO 47%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±7.9%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (SND)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for SND.

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ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring SND)

✓Walkthrough of SND's RQD Radar, SEC cash-conversion gap & downside invalidation levels
✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

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SND // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -9.44%▲ ASCENDING TRIANGLE

2026-11-02O $4.95H $4.95L $4.89C $4.89VOL 125.8K

RES: $5.51SUP: $4.70SMA50: $5.14SMA200: $4.89

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

SND Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 SND Butterfly Map → + Track SND →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

48.0%/yr Implied 5Y Growth

vs. +6.0% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on SND today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for SND. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for SND today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (SND)

Materials Rank #87 of 270 ⚔️ IONR vs SND Full Matrix →

1. Head-to-Head Materials Peer Comparison (SND vs. IONR, ABAT, PHOS, FEAM)

Industry: Mining & Quarrying of Nonmetallic Minerals (No Fuels) (24 Tracked Issuers)

Across 270 tracked Materials securities in the Roarable RQD universe, Smart Sand Inc. (SND) ranks #87 by composite RQD confidence (53/100, grade D+) and #211 by equity capitalization ($207.3M). Within this direct 5-issuer industry benchmark cohort, SND leads on earnings valuation at 154.1x trailing P/E, while SND leads on capital efficiency and profitability with -1.6% ROIC and 11.5% gross margin. SND currently leads its immediate peer cohort in composite quantitative strength at 53/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
SND ACTIVE Smart Sand Inc.	D+	53/100	154.1x	11.5%	-1.6%	-1.21%	$207.3M	Benchmark Subject
IONR ioneer Ltd	D	48/100	—	—	—	+0.71%	$216.8M	/ionr-vs-snd →
ABAT American Battery Technology Company	E	29/100	—	-30.0%	-35.0%	-1.27%	$222.4M	/abat-vs-snd →
PHOS First Phosphate Corp.	D	47/100	—	—	—	-2.76%	$241.5M	/phos-vs-snd →
FEAM 5E Advanced Materials Inc.	D-	41/100	—	—	-35.0%	+2.81%	$127.1M	/feam-vs-snd →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001529628

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Smart Sand Inc. (SND) reported GAAP revenue of $330.2M (+6.0% vs. FY2024 revenue of $311.4M , and +11.5% cumulative change since FY2023) , GAAP net income of $1.3M, operating cash flow of $44.1M, and free cash flow of $32.5M (+199.6% YoY). On the balance sheet, SND closed FY2025 with $340.0M in total assets against $8.7M in total debt (Altman Z-Score: 2.58, Piotroski F-Score: 7/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$330.2M	$1.3M	$44.1M	$32.5M	$340.0M	$8.7M
FY2024 (FY)	2024-12-31	$311.4M	$3.0M	$17.9M	$10.9M	$341.5M	$9.1M
FY2023 (FY)	2023-12-31	$296.0M	$4.6M	$31.0M	$31.0M	—	—

3. SND Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is SND stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does SND compare to IONR and ABAT in the Materials sector?

What are the biggest fundamental strengths and SEC risk factors for SND?

Where is SND trading relative to its 50-day, 200-day, and 52-week technical levels?

SND last traded at $4.89 (-1.21% on volume of 125,816 shares), positioning the stock -4.86% below its 50-day simple moving average ($5.14) and 0.00% above its 200-day simple moving average ($4.89). Across its 52-week range of $2.08 to $5.92, SND sits at the 73.2% percentile with a 14-day RSI of 43.2 (NEUTRAL RANGE) and an implied next-earnings move of ±7.9% ($4.50 to $5.28).

SND Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is SND's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for SND.

Direct Sub-Reports: SND RQD Cockpit SND 12M Forecast SND Earnings & Move SND Dividends & DRIP SND Insiders & 13F SND Whale Options SND Profit Sankey SND News & Why