Is Solidion Technology Inc (NASDAQ: STI) Still A Buy After A 29.19% Weekly Jump?

During the last session, Solidion Technology Inc (NASDAQ:STI)’s traded shares were 248.49 million, with the beta value of the company hitting 0.53. At the end of the trading day, the stock’s price was $0.47, reflecting an intraday gain of 19.02% or $0.07. The 52-week high for the STI share is $13.85, that puts it down -2846.81 from that peak though still a striking 42.55% gain since the share price plummeted to a 52-week low of $0.27. The company’s market capitalization is $55.30M, and the average intraday trading volume over the past 10 days was 25.34 million shares, and the average trade volume was 796.86K shares over the past three months.

Solidion Technology Inc (NASDAQ:STI) trade information

Solidion Technology Inc (STI) registered a 19.02% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 19.02% in intraday trading to $0.47, hitting a weekly high. The stock’s 5-day price performance is 29.19%, and it has moved by 29.51% in 30 days. Based on these gigs, the overall price performance for the year is -95.66%. The short interest in Solidion Technology Inc (NASDAQ:STI) is 0.45 million shares and it means that shorts have 2.52 day(s) to cover.

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Solidion Technology Inc (STI) estimates and forecasts

In the rating firms’ projections, revenue will increase 2.80% compared to the previous financial year.

As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.37B as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 2.29B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.39B and 2.35B respectively. In this case, analysts expect current quarter sales to shrink by -0.60% and then drop by -2.70% in the coming quarter.

STI Dividends

Solidion Technology Inc is due to release its next quarterly earnings in November. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

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

Solidion Technology Inc insiders own 73.39% of total outstanding shares while institutional holders control 18.12%, with the float percentage being 68.09%.