Is Solidion Technology Inc (NASDAQ: STI) A Disaster Waiting To Happen Or Is It A Chance To Make Money?

In the last trading session, 2.06 million Solidion Technology Inc (NASDAQ:STI) shares changed hands as the company’s beta touched 0.25. With the company’s per share price at $0.34 changed hands at -$0.01 or -2.13% during last session, the market valuation stood at $41.82M. STI’s last price was a discount, traded about -3973.53% off its 52-week high of $13.85. The share price had its 52-week low at $0.27, which suggests the last value was 20.59% up since then. When we look at Solidion Technology Inc’s average trading volume, we note the 10-day average is 28.01 million shares, with the 3-month average coming to 5.07 million.

Solidion Technology Inc (NASDAQ:STI) trade information

Instantly STI was in red as seen at the end of in last trading. With action -5.77%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -95.53%, with the 5-day performance at -5.77% in the red. However, in the 30-day time frame, Solidion Technology Inc (NASDAQ:STI) is -1.91% down. Looking at the short shares, we see there were 0.45 million shares sold at short interest cover period of 2.52 days.

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Solidion Technology Inc (STI) estimates and forecasts

Year-over-year growth is forecast to reach 2.80% up from the last financial year.

Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 2.37B. 4 analysts are of the opinion that Solidion Technology Inc’s revenue for the current quarter will be 2.29B. The company’s revenue for the corresponding quarters a year ago was 2.39B and 2.35B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -0.60%. The estimates for the next quarter sales put growth at -2.70%.

STI Dividends

Solidion Technology Inc is expected to release its next quarterly earnings report in December.

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

If we look at who the major shareholders are, we find that insiders hold 73.39% of Solidion Technology Inc shares while 18.12% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.11%.