Solidion Technology (NASDAQ:STI) Downgraded to Strong Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Solidion Technology (NASDAQ:STI) from a sell rating to a strong sell rating in a research report sent to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Solidion Technology in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

Solidion Technology Stock Performance

Shares of NASDAQ:STI opened at $5.55 on Friday. Solidion Technology has a twelve month low of $2.94 and a twelve month high of $33.99. The firm has a market cap of $41.46 million, a PE ratio of -0.60 and a beta of 0.18. The business has a fifty day moving average of $5.44 and a 200-day moving average of $7.13.

Hedge Funds Weigh In On Solidion Technology

Several institutional investors have recently modified their holdings of STI. Russell Investments Group Ltd. acquired a new position in shares of Solidion Technology in the 2nd quarter valued at approximately $34,000. Jane Street Group LLC acquired a new position in shares of Solidion Technology in the 2nd quarter valued at approximately $49,000. Geode Capital Management LLC grew its position in shares of Solidion Technology by 68.9% in the 4th quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock valued at $163,000 after purchasing an additional 9,370 shares during the period. Finally, Anson Funds Management LP acquired a new position in shares of Solidion Technology in the 4th quarter valued at approximately $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.