Solidion Technology Inc (NASDAQ: STI)’s stock price has soared by 13.56 in relation to previous closing price of 2.95. Nevertheless, the company has seen a gain of 21.82% in its stock price over the last five trading days. InvestorPlace reported 2024-03-18 that Solidion Technology (NASDAQ: STI ) stock is taking off on Monday alongside heavy trading of the battery materials company’s shares. That has more than 2.3 million shares of STI stock changing hands as of this writing.
Is It Worth Investing in Solidion Technology Inc (NASDAQ: STI) Right Now?
Solidion Technology Inc (NASDAQ: STI) has a higher price-to-earnings ratio of 44.97x compared to its average ratio, The 36-month beta value for STI is at 0.68. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 7 rating it as “overweight,” 20 as “hold,” and 0 as “sell.”
The public float for STI is 10.72M, and currently, shorts hold a 6.89% of that float. The average trading volume for STI on April 08, 2024 was 4.45M shares.
STI’s Market Performance
The stock of Solidion Technology Inc (STI) has seen a 21.82% increase in the past week, with a 519.22% rise in the past month, and a -44.90% fall in the past quarter. The volatility ratio for the week is 16.72%, and the volatility levels for the past 30 days are at 42.99% for STI. The simple moving average for the past 20 days is 46.21% for STI’s stock, with a -59.49% simple moving average for the past 200 days.
STI Trading at 35.87% from the 50-Day Moving Average
After a stumble in the market that brought STI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.81% of loss for the given period.
Volatility was left at 42.99%, however, over the last 30 days, the volatility rate increased by 16.72%, as shares surge +353.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -58.74% lower at present.
During the last 5 trading sessions, STI rose by +21.82%, which changed the moving average for the period of 200-days by -67.88% in comparison to the 20-day moving average, which settled at $2.42. In addition, Solidion Technology Inc saw -56.49% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for STI
Current profitability levels for the company are sitting at:
- 0.46 for the present operating margin
- 1.0 for the gross margin
The net margin for Solidion Technology Inc stands at 0.46. The total capital return value is set at 0.01. Equity return is now at value 1.53, with 1.41 for asset returns.
Based on Solidion Technology Inc (STI), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 0.98. The interest coverage ratio of the stock is 2.28.
Currently, EBITDA for the company is 5.4 billion with net debt to EBITDA at 3.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.03.
Conclusion
In conclusion, Solidion Technology Inc (STI) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
