Solidion Technology (NASDAQ:STI) Announces Earnings Results

Solidion Technology (NASDAQ:STI) released its quarterly earnings data on Thursday. The company reported ($1.33) earnings per share for the quarter, Zacks reports.

Solidion Technology Trading Up 6.7%

Shares of NASDAQ:STI opened at $11.90 on Thursday. The stock has a market cap of $32.95 million, a price-to-earnings ratio of -2.20 and a beta of 0.61. The stock has a 50-day simple moving average of $9.75. Solidion Technology has a fifty-two week low of $2.94 and a fifty-two week high of $55.00.

Institutional Investors Weigh In On Solidion Technology

A hedge fund recently bought a new stake in Solidion Technology stock. Jane Street Group LLC purchased a new position in Solidion Technology Inc. (NASDAQ:STI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,445 shares of the company’s stock, valued at approximately $49,000. Jane Street Group LLC owned approximately 0.46% of Solidion Technology as of its most recent filing with the Securities and Exchange Commission.

Analysts Set New Price Targets

Several research firms recently weighed in on STI. Wall Street Zen cut shares of Solidion Technology from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Solidion Technology in a research note on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Solidion Technology Company Profile

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.