With 86.90M Outstanding Shares, Can Solidion Technology Inc (NASDAQ: STI) Deliver Big Short-Term Gains?

Solidion Technology Inc (NASDAQ:STI) currently has a daily average trading volume of 4.53M but it saw 1675353 shares traded in last market. With a market cap of 187.70M USD, the company’s current market price of $2.16 came rising about 2.86 while comparing to the previous closing price of $2.10. In past 52 weeks, the stock remained buoying in the range of price level as high as $13.85 and as low as $0.37.

Taking a look at 20-day trading activity of Solidion Technology Inc (STI) gives us an average price of $2.41, while its current price level is -84.40% below from 52-week high level whereas it is 482.21% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.94 while that of 200 days or SMA-200 reads an average of $7.50. A closer look into the stock’s movement over the week reveals that its volatility is standing at 34.87% during that period while stretching the period over a month that decreases to 24.37%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 48.24 which implies that the stock is in neutral territory.

Over the week, STI’s stock price is moving 9.09% up while it is -17.56% when we observe its performance for the past one month. Year-to-date it is -71.95% down and over the past year, the stock is showing a downside performance of -78.76%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.5 beat the consensus estimate of 1.38 for the same. In next quarter, company is expected to be making quarterly sales of $2.29B as analysts are expecting the sales for current fiscal year at $9.56B and seeing the company making $9.5B in sales next year. Moreover, analysts are in estimates of $2.37B for current-quarter revenue.

Currently, Solidion Technology Inc’s total number of outstanding shares is 86.90M. Company’s return on equity (ROE) at -33.19%. Stock’s beta reads 0.93. Its return on asset (ROA) is -19.78% on average.