Solidion Technology (NASDAQ:STI) Posts Quarterly Earnings Results
by Jessica Moore · The Cerbat GemSolidion Technology (NASDAQ:STI – Get Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.18) EPS for the quarter, FiscalAI reports. The company had revenue of $0.09 million for the quarter.
Solidion Technology Stock Up 5.5%
STI stock opened at $4.98 on Friday. Solidion Technology has a 12-month low of $2.94 and a 12-month high of $33.99. The company has a market cap of $37.20 million, a price-to-earnings ratio of -0.40 and a beta of 0.18. The company has a 50 day moving average of $5.51 and a two-hundred day moving average of $6.89.
Analyst Upgrades and Downgrades
STI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Solidion Technology in a research report on Friday, May 1st. Wall Street Zen downgraded shares of Solidion Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Solidion Technology has a consensus rating of “Sell”.
View Our Latest Research Report on Solidion Technology
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of STI. Russell Investments Group Ltd. acquired a new position in shares of Solidion Technology during the 2nd quarter worth $34,000. Jane Street Group LLC acquired a new position in shares of Solidion Technology during the 2nd quarter worth $49,000. Geode Capital Management LLC increased its stake in shares of Solidion Technology by 68.9% during the 4th quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock worth $163,000 after purchasing an additional 9,370 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in shares of Solidion Technology during the 4th quarter worth $1,704,000.
About Solidion Technology
Solidion Technology Inc engages in the development and supply of battery materials, components, cells, and selected module/pack technologies. Its products include advanced anode materials; three classes of solid-state batteries, including silicon-rich all-solid-state lithium-ion cells; anode less lithium metal cells; and lithium-sulfur cells. The company was formerly known as Honeycomb Battery Company and changed its name to Solidion Technology Inc in February 2024. The company was incorporated in 2014 and is based in Dayton, Ohio.