Market Update: Solidion Technology Inc (STI) Sees Negative Movement, Closing at 0.30

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In the latest session, Solidion Technology Inc (NASDAQ: STI) closed at $0.30 down -1.21% from its previous closing price of $0.31. In other words, the price has decreased by -$1.21 from its previous closing price. On the day, 0.72 million shares were traded. STI stock price reached its highest trading level at $0.3054 during the session, while it also had its lowest trading level at $0.27.

Ratios:

For a deeper understanding of Solidion Technology Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.06 and its Current Ratio is at 0.07.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STI now has a Market Capitalization of 28372370 and an Enterprise Value of 31159982. Its current Enterprise Value per Revenue stands at 4689.943 whereas that against EBITDA is -4.132.

Stock Price History:

Over the past 52 weeks, STI has reached a high of $13.85, while it has fallen to a 52-week low of $0.30. The 50-Day Moving Average of the stock is -53.92%, while the 200-Day Moving Average is calculated to be -92.39%.

Shares Statistics:

For the past three months, STI has traded an average of 751.30K shares per day and 370710 over the past ten days. A total of 92.48M shares are outstanding, with a floating share count of 20.06M. Insiders hold about 78.31% of the company’s shares, while institutions hold 11.87% stake in the company. Shares short for STI as of 1722384000 were 585091 with a Short Ratio of 0.78, compared to 1719532800 on 653970. Therefore, it implies a Short% of Shares Outstanding of 585091 and a Short% of Float of 3.1.

Earnings Estimates

As of right now, 0.0 analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $0.0, with high estimates of $0.0 and low estimates of $0.0.

Analysts are recommending an EPS of between $0.0 and $0.0 for the fiscal current year, implying an average EPS of $0.0. EPS for the following year is $0.0, with 0.0 analysts recommending between $0.0 and $0.0.

Revenue Estimates

A total of 4 analysts believe the company’s revenue will be $2.37B this quarter.It ranges from a high estimate of $2.39B to a low estimate of $2.35B. As of the current estimate, Solidion Technology Inc’s year-ago sales were $2.39BFor the next quarter, 4 analysts are estimating revenue of $2.29B. There is a high estimate of $2.32B for the next quarter, whereas the lowest estimate is $2.27B.

A total of 5 analysts have provided revenue estimates for STI’s current fiscal year. The highest revenue estimate was $9.68B, while the lowest revenue estimate was $9.48B, resulting in an average revenue estimate of $9.56B. In the same quarter a year ago, actual revenue was $9.3BBased on 5 analysts’ estimates, the company’s revenue will be $9.5B in the next fiscal year. The high estimate is $9.72B and the low estimate is $9.37B.

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