Is Solidion Technology Inc (NASDAQ: STI) Stock Good For Medium-Term Investing?

Solidion Technology Inc (NASDAQ:STI) traded at $0.38 at close of the session on current trade day and made a downward move of -13.42% on its previous day’s price.

Looking at the stock we see that its previous close was $0.44 and the beta (5Y monthly) reads 0.443 with the day’s price range being $0.3607 – $0.4345. In terms of its 52-week price range, STI has a high of $13.85 and a low of $0.27. The company’s stock has gained about 3.64% over that past 30 days.

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Solidion Technology Inc has a market cap of $41.03 million and is expected to release its quarterly earnings report in December.

On the other hand, looking at the outlook for the STI stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is -7.74% off its SMA20 and 0.46% from its 50-day simple moving average. The RSI (14) is pointing at 47.65 while the volatility over the past week is 26.86% and jumps to 22.07% over the past one month. The beta value is 0.37, while the average true range (ATR) is currently pointing at 0.08.

Coming back to Solidion Technology Inc (NASDAQ:STI), we note that the average 3-month trading volume was 7.35 million, while that of the preceding 10-day period stands at 18.59 million. Current shares outstanding are 117.34 million.

The insiders hold 58.00% of the company’s shares while institutions hold 17.01%. The data shows that short shares as of 2024-10-31, stood at 10.18 million at a short ratio of 0.91. This represents a 2065.00 short interest in shares outstanding on 2024-10-31. Shares short rose in October from the previous month at 0.61 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -95.01% down in year-to-date price movement.

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