Solidion Technology (NASDAQ:STI) Issues Earnings Results

Solidion Technology (NASDAQ:STI) posted its quarterly earnings data on Wednesday. The company reported ($0.18) EPS for the quarter, FiscalAI reports. The company had revenue of $0.09 million during the quarter.

Solidion Technology Stock Up 3.1%

Shares of NASDAQ STI traded up $0.14 during midday trading on Wednesday, hitting $4.72. The stock had a trading volume of 27,172 shares, compared to its average volume of 94,014. The company has a market capitalization of $35.23 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 company has a fifty day moving average price of $5.47 and a 200 day moving average price of $6.99.

Analyst Ratings Changes

A number of research firms recently commented on STI. Wall Street Zen cut Solidion Technology from a “sell” rating to a “strong sell” rating in a research report on Saturday. Weiss Ratings restated a “sell (e+)” rating on shares of Solidion Technology in a report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Solidion Technology

Several hedge funds and other institutional investors have recently bought and sold shares 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 raised 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 in the last quarter. Finally, Anson Funds Management LP acquired a new position in shares of Solidion Technology in the 4th quarter valued at approximately $1,704,000.

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. 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.