Can Buying Solidion Technology Inc (NASDAQ: STI) Still Be Worthwhile?

Solidion Technology Inc (NASDAQ:STI) does about 7.35M shares in volume on a normal day but saw 4908244 shares change hands in the recent trading day. The company now has a market cap of 46.69M USD. Its current market price is $0.44, marking an increase of 13.78% compared to the previous close of $0.38. The 52 week high reached by this stock is $13.85 whilst the lowest price level in 52 weeks is $0.27.

Solidion Technology Inc (STI) has a 20-day trading average at $0.4200 and the current price is -96.84% off the 52-week high compared with 62.04% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.3845 and its 200-day simple moving average is $1.0697. If we look at the stock’s price movements over the week, volatility stands at 24.13%, which decreases to 21.92% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.90 to suggest the stock is neutral.

The current price level is 4.21%, 13.79%, and -59.10% away from its SMA20, SMA50, and SMA200 respectively, with the STI price moving below the 50-day SMA on current market day. Solidion Technology Inc (STI) stock is down -14.11% over the week and 20.36% over the past month. Its price is -94.32% year-to-date and -96.21% over the past year.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 117.34M with insiders holding 55.22% of the shares and institutional holders owning 16.21% of the company’s common stock. The company has a return on equity of -454.29%. The beta has a value of 0.31.