Solidion Technology Inc (NASDAQ:STI) price on Friday, November 15, rose 28.63% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.45.
A look at the stock’s price movement, the close in the last trading session was $0.35, moving within a range at $0.38 and $0.52. The beta value (5-Year monthly) was 0.443. Turning to its 52-week performance, $13.85 and $0.27 were the 52-week high and 52-week low respectively. Overall, STI moved 25.68% over the past month.
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Solidion Technology Inc’s market cap currently stands at around $52.83 million, with investors looking forward to this quarter’s earnings report slated for in December.
Turning to the stock’s technical picture we see that short term indicators suggest on average that STI is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
STI’s current price about 17.32% and 21.85% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.82, while 7-day volatility ratio is 23.52% and 17.08% in the 30-day chart. Further, Solidion Technology Inc (STI) has a beta value of 0.29, and an average true range (ATR) of 0.07.
If we refocus on Solidion Technology Inc (NASDAQ:STI), historical trading data shows that trading volumes averaged 2.79 over the past 10 days and 5.23 million over the past 3 months. The company’s latest data on shares outstanding shows there are 117.34 million shares.
The 58.00% of Solidion Technology Inc’s shares are in the hands of company insiders while institutional holders own 17.03% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 10.18 million on 2024-10-31, giving us a short ratio of 0.91. The data shows that as of 2024-10-31 short interest in Solidion Technology Inc (STI) stood at 2065.0 of shares outstanding, with shares short rising to 0.61 million registered in 2024-09-30. Current price change has pushed the stock -94.15% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the STI stock continues to rise going into the next quarter.
