With 117.34M 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 7.82M but it saw 1651929 shares traded in last market. With a market cap of 59.12M USD, the company’s current market price of $0.44 came rising about 9.50 while comparing to the previous closing price of $0.40. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.89 and as low as $0.27. In the recent trading on the day, stock has struck highest price mark of $0.3705 while lowest mark touched by it was $0.45.

Taking a look at 20-day trading activity of Solidion Technology Inc (STI) gives us an average price of $0.4176, while its current price level is -96.32% below from 52-week high level whereas it is 62.22% 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 $0.4077 while that of 200 days or SMA-200 reads an average of $1.0437. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.28% during that period while stretching the period over a month that decreases to 11.02%. 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 52.86 which implies that the stock is in neutral territory.

Over the week, STI’s stock price is moving 5.55% up while it is 11.81% when we observe its performance for the past one month. Year-to-date it is -94.42% down and over the past year, the stock is showing a downside performance of -95.91%.

Currently, Solidion Technology Inc’s total number of outstanding shares is 117.34M. Company’s return on equity (ROE) at -454.29%. Stock’s beta reads 0.32. Its return on asset (ROA) is -142.43% on average.