Solidion Technology Inc (NASDAQ: STI) Recovers 49.96% From 52-Week Low, Is STI Still A High-Risk, High-Reward Play?

Solidion Technology Inc (NASDAQ:STI) currently has a daily average trading volume of 4.29M but it saw 752812 shares traded in last market. With a market cap of 53.62M USD, the company’s current market price of $0.40 came falling about -0.81 while comparing to the previous closing price of $0.41. 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.

Taking a look at 20-day trading activity of Solidion Technology Inc (STI) gives us an average price of $0.4189, while its current price level is -90.88% below from 52-week high level whereas it is 49.96% 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 $0.4717 while that of 200 days or SMA-200 reads an average of $0.6837. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.56% during that period while stretching the period over a month that increases to 10.09%. 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 44.66 which implies that the stock is in neutral territory.

Over the week, STI’s stock price is moving 0.97% up while it is -11.84% when we observe its performance for the past one month. Year-to-date it is -41.88% down and over the past year, the stock is showing a downside performance of -40.46%.

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 18.92% of its common stock has been owned by the institutions. Company’s return on equity (ROE) at -454.29%. Stock’s beta reads -0.15. Its return on asset (ROA) is -142.43% on average.