Solidion Technology (NASDAQ:STI) Stock Rating Upgraded by Wall Street Zen

Solidion Technology (NASDAQ:STI) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Solidion Technology in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Solidion Technology Trading Up 11.6%

STI opened at $11.28 on Friday. The stock has a 50-day moving average of $9.96. Solidion Technology has a 12 month low of $2.94 and a 12 month high of $55.00. The stock has a market capitalization of $31.25 million, a price-to-earnings ratio of -3.48 and a beta of 0.61.

Solidion Technology (NASDAQ:STI) last posted its quarterly earnings data on Thursday, November 20th. The company reported ($1.33) earnings per share (EPS) for the quarter. The firm had revenue of $0.01 million during the quarter.

Hedge Funds Weigh In On Solidion Technology

An institutional investor recently bought a new position in Solidion Technology stock. Russell Investments Group Ltd. bought a new position in shares of Solidion Technology Inc. (NASDAQ:STI) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,629 shares of the company’s stock, valued at approximately $34,000. Russell Investments Group Ltd. owned 0.32% of Solidion Technology as of its most recent filing with the Securities and Exchange Commission (SEC).

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.