Is Solidion Technology Inc (NASDAQ:STI) Worth A Patient Look At Current Prices?

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Solidion Technology Inc (NASDAQ:STI)’s traded shares stood at 1.31 million during the latest session, with the company’s beta value hitting 0.53. At the last check today, the stock’s price was $0.40, to imply an increase of 8.11% or $0.03 in intraday trading. The STI share’s 52-week high remains $13.85, putting it -3362.5% down since that peak but still an impressive 32.5% since price per share fell to its 52-week low of $0.27. The company has a valuation of $37.09M, with an average of 0.13 million shares in intraday trading volume over the past 10 days and average of 773.67K shares over the past 3 months.

Solidion Technology Inc (NASDAQ:STI) trade information

After registering a 8.11% upside in the latest session, Solidion Technology Inc (STI) has traded red over the past five days. The 5-day price performance for the stock is 10.10%, and 9.62% over 30 days. With these gigs, the year-to-date price performance is -94.79%. Short interest in Solidion Technology Inc (NASDAQ:STI) saw shorts transact 0.61 million shares and set a 2.55 days time to cover.

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Solidion Technology Inc (STI) estimates and forecasts

The rating firms project that company’s revenue will grow 2.80% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is 2.37B. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 2.29B.Earnings reports from the last fiscal year show that sales brought in 2.39B and 2.35B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -0.60% before dropping -2.70% in the following quarter.

STI Dividends

Solidion Technology Inc has its next earnings report out in November. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Solidion Technology Inc (NASDAQ:STI)’s Major holders

Solidion Technology Inc insiders hold 73.39% of total outstanding shares, with institutional holders owning 18.14% of the shares at 68.18% float percentage. In total, 18.14% institutions holds shares in the company.