Is Solidion Technology Inc (NASDAQ: STI) Worth Your Money In 2024?

In the last trading session, 42.35 million shares of the Solidion Technology Inc (NASDAQ:STI) were traded, and its beta was 0.07. Most recently the company’s share price was $0.81, and it changed around $0.11 or 15.52% from the last close, which brings the market valuation of the company to $168.49M. STI currently trades at a discount to its 52-week high of $11.50, offering almost -1319.75% off that amount. The share price’s 52-week low was $0.27, which indicates that the current value has risen by an impressive 66.67% since then. We note from Solidion Technology Inc’s average daily trading volume that its 10-day average is 8.83 million shares, with the 3-month average coming to 9.18 million.

Solidion Technology Inc (NASDAQ:STI) trade information

Instantly STI has showed a green trend with a performance of 15.52% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.1000 on recent trading dayincreased the stock’s daily price by 26.36%. The company’s shares are currently down -89.48% year-to-date, but still up 114.97% over the last five days. On the other hand, Solidion Technology Inc (NASDAQ:STI) is 88.59% up in the 30-day period. We can see from the shorts that 10.18 million shares have been sold at a short interest cover period of 0.91 day(s).

STI Dividends

Solidion Technology Inc’s next quarterly earnings report is expected to be released in January.

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

Upon looking at major shareholders, it appears that insiders hold 55.22% of Solidion Technology Inc shares, and 16.21% of them are in the hands of institutional investors. The stock currently has a share float of 36.19%.