Solidion Technology (NASDAQ:STI) Releases Earnings Results

Solidion Technology (NASDAQ:STI) announced its earnings results on Wednesday. The company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $0.09 million during the quarter.

Solidion Technology Trading Up 3.1%

NASDAQ:STI opened at $4.72 on Thursday. The firm has a market capitalization of $35.26 million, a price-to-earnings ratio of -0.51 and a beta of 0.18. Solidion Technology has a 1-year low of $2.94 and a 1-year high of $33.99. The business’s fifty day moving average price is $5.49 and its 200 day moving average price is $6.95.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Anson Funds Management LP acquired a new position in Solidion Technology during the fourth quarter valued at $1,704,000. Geode Capital Management LLC raised its position in Solidion Technology by 68.9% during the fourth quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock valued at $163,000 after buying an additional 9,370 shares during the period. Jane Street Group LLC acquired a new position in Solidion Technology during the second quarter valued at $49,000. Finally, Russell Investments Group Ltd. acquired a new position in Solidion Technology during the second quarter valued at $34,000.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wall Street Zen lowered Solidion Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Solidion Technology in a research report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.