In the past week, STI stock has gone up by 27.93%, with a monthly gain of 25.68% and a quarterly surge of 48.53%. The volatility ratio for the week is 23.52%, and the volatility levels for the last 30 days are 17.08% for Solidion Technology Inc The simple moving average for the past 20 days is 17.32% for STI’s stock, with a -59.91% simple moving average for the past 200 days.
Is It Worth Investing in Solidion Technology Inc (NASDAQ: STI) Right Now?
STI has 36-month beta value of 0.29. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 6 as “overweight,” 19 as “hold,” and 0 as “sell.”
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The public float for STI is 49.29M, and currently, short sellers hold a 20.65% ratio of that float. The average trading volume of STI on November 18, 2024 was 5.23M shares.
STI) stock’s latest price update
Solidion Technology Inc (NASDAQ: STI)’s stock price has increased by 28.63 compared to its previous closing price of 0.35. However, the company has seen a 27.93% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-14 that DALLAS, Nov. 14, 2024 /PRNewswire/ — Solidion Technology, Inc. (NASDAQ: STI), an advanced battery materials provider, today announced a major step forward in its corporate treasury strategy by allocating a significant portion of its excess cash reserves to Bitcoin. This move, alongside the broader pro-Bitcoin environment influenced by the recent election of a pro-crypto administration, solidifies the company’s long-term belief in Bitcoin’s role as a store of value and a strategic asset.
STI Trading at 21.85% 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 -96.75% of loss for the given period.
Volatility was left at 17.08%, however, over the last 30 days, the volatility rate increased by 23.52%, as shares surge +23.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.88% upper at present.
During the last 5 trading sessions, STI rose by +27.93%, which changed the moving average for the period of 200-days by -92.18% in comparison to the 20-day moving average, which settled at $0.3837. In addition, Solidion Technology Inc saw -94.15% 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 -376.45.
Currently, EBITDA for the company is -18.2 million with net debt to EBITDA at -0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.07.
Conclusion
To put it simply, Solidion Technology Inc (STI) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
