Are Analysts Too Bullish On Solidion Technology Inc (STI)

Solidion Technology Inc (NASDAQ:STI) currently has a daily average trading volume of 7.04M but it saw 1481931 shares traded in last market. With a market cap of 49.38M USD, the company’s current market price of $0.42 came falling about -8.52 while comparing to the previous closing price of $0.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.44 and as low as $0.27. In the recent trading on the day, stock has struck highest price mark of $0.41 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 $0.4617, while its current price level is -90.52% below from 52-week high level whereas it is 55.85% 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 $0.4744 while that of 200 days or SMA-200 reads an average of $0.7637. A closer look into the stock’s movement over the week reveals that its volatility is standing at 11.90% during that period while stretching the period over a month that increases to 14.88%. 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 45.40 which implies that the stock is in neutral territory.

Over the week, STI’s stock price is moving 2.46% up while it is -45.38% when we observe its performance for the past one month. Year-to-date it is -39.60% down and over the past year, the stock is showing a downside performance of -90.71%.

The company is expected to be releasing its next quarterly report in March, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, Solidion Technology Inc’s total number of outstanding shares is 117.34M with 55.22% of that held by the insiders while 16.21% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -454.29%. Stock’s beta reads -0.18. Its return on asset (ROA) is -142.43% on average.