Solidion Technology Inc (NASDAQ:STI), Stock Drops -96.47% Far This Year; What Analysts Say Next?

In last trading session, Solidion Technology Inc (NASDAQ:STI) saw 1.51 million shares changing hands with its beta currently measuring 0.44. Company’s recent per share price level of $0.38 trading at -$0.02 or -4.10% at ring of the bell on the day assigns it a market valuation of $45.00M. That closing price of STI’s stock is at a discount of -3544.74% from its 52-week high price of $13.85 and is indicating a premium of 28.95% from its 52-week low price of $0.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 27.74 million shares which gives us an average trading volume of 5.00 million if we extend that period to 3-months.

Solidion Technology Inc (NASDAQ:STI) trade information

Upright in the red during last session for losing -4.10%, in the last five days STI remained trading in the red while hitting it’s week-highest on Thursday, 10/31/24 when the stock touched $0.38 price level, adding 24.75% to its value on the day. Solidion Technology Inc’s shares saw a change of -95.02% in year-to-date performance and have moved -18.63% in past 5-day. Solidion Technology Inc (NASDAQ:STI) showed a performance of 7.54% in past 30-days. Number of shares sold short was 0.45 million shares which calculate 2.52 days to cover the short interests.

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Solidion Technology Inc (STI) estimates and forecasts

This year revenue growth is estimated to rise 2.80% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.37B for the same. And 4 analysts are in estimates of company making revenue of 2.29B in the next quarter. Company posted 2.39B and 2.35B of sales in current and next quarters respectively a year earlier.

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

Insiders are in possession of 73.39% of company’s total shares while institution are holding 18.12 percent of that, with stock having share float percentage of 68.09%. Investors also watch the number of corporate investors in a company very closely, which is 18.12% institutions for Solidion Technology Inc that are currently holding shares of the company.