Additionally, the 36-month beta value for STI is 0.55. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 19 rating it as “hold,” and 0 rating it as “sell.”
The public float for STI is 20.06M and currently, short sellers hold a 1.90% ratio of that float. The average trading volume of STI on August 28, 2024 was 1.30M shares.
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STI) stock’s latest price update
The stock price of Solidion Technology Inc (NASDAQ: STI) has plunged by -7.48 when compared to previous closing price of 0.40, but the company has seen a 10.38% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-26 that Solidion’s advanced lithium-sulfur battery technologies are designed to double the EV driving range without increasing the battery weight Solidion’s advanced lithium-sulfur battery technologies are designed to double the EV driving range without increasing the battery weight
STI’s Market Performance
STI’s stock has risen by 10.38% in the past week, with a monthly drop of -7.52% and a quarterly drop of -82.79%. The volatility ratio for the week is 18.35% while the volatility levels for the last 30 days are 11.75% for Solidion Technology Inc The simple moving average for the past 20 days is -0.05% for STI’s stock, with a -89.76% simple moving average for the past 200 days.
STI Trading at -19.09% 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 -97.33% of loss for the given period.
Volatility was left at 11.75%, however, over the last 30 days, the volatility rate increased by 18.35%, as shares sank -12.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -81.35% lower at present.
During the last 5 trading sessions, STI rose by +7.37%, which changed the moving average for the period of 200-days by -96.69% in comparison to the 20-day moving average, which settled at $0.3676. In addition, Solidion Technology Inc saw -95.19% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for STI
The total capital return value is set at 0.48. Equity return is now at value -352.22, with -116.19 for asset returns.
Based on Solidion Technology Inc (STI), the company’s capital structure generated -0.23 points at debt to capital in total, while cash flow to debt ratio is standing at -1.23. The debt to equity ratio resting at -0.19. The interest coverage ratio of the stock is 558.71.
Currently, EBITDA for the company is -3.51 million with net debt to EBITDA at -0.37. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
In conclusion, Solidion Technology Inc (STI) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as 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.
