Is Solidion Technology Inc (NASDAQ:STI), -3120.93% Below Its High, Poised For A Strong Recovery?

In last trading session, Solidion Technology Inc (NASDAQ:STI) saw 1.42 million shares changing hands with its beta currently measuring 0.35. Company’s recent per share price level of $0.43 trading at -$0.02 or -5.02% at ring of the bell on the day assigns it a market valuation of $50.28M. That closing price of STI’s stock is at a discount of -3120.93% from its 52-week high price of $13.85 and is indicating a premium of 37.21% 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 18.59 million shares which gives us an average trading volume of 7.44 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 -5.02%, in the last five days STI remained trading in the red while hitting it’s week-highest on Tuesday, 11/26/24 when the stock touched $0.43 price level, adding 14.0% to its value on the day. Solidion Technology Inc’s shares saw a change of -94.42% in year-to-date performance and have moved -15.97% in past 5-day. Solidion Technology Inc (NASDAQ:STI) showed a performance of 8.46% in past 30-days. Number of shares sold short was 10.18 million shares which calculate 0.91 days to cover the short interests.

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

Insiders are in possession of 55.22% of company’s total shares while institution are holding 16.21 percent of that, with stock having share float percentage of 36.19%. Investors also watch the number of corporate investors in a company very closely, which is 16.21% institutions for Solidion Technology Inc that are currently holding shares of the company.

On the other hand, Vanguard Extended Market Index Fund and Fidelity Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 179.69 shares of worth $77176.0 or 0.15% of the total outstanding shares. The later fund manager was in possession of 117.0 shares on Sep 30, 2024 , making its stake of worth around $50252.0 in the company or a holder of 0.09% of company’s stock.