Solidion Technology (NASDAQ:STI) Cut to Strong Sell at Wall Street Zen

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Solidion Technology in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Solidion Technology Price Performance

STI stock opened at $5.93 on Friday. Solidion Technology has a 1-year low of $2.94 and a 1-year high of $33.99. The firm has a fifty day moving average price of $5.25 and a two-hundred day moving average price of $8.07. The firm has a market cap of $44.30 million, a price-to-earnings ratio of -0.64 and a beta of 0.50.

Hedge Funds Weigh In On Solidion Technology

Several hedge funds and other institutional investors have recently modified their holdings of STI. Anson Funds Management LP acquired a new position in shares of Solidion Technology during the fourth quarter valued at $1,704,000. Jane Street Group LLC acquired a new position in shares of Solidion Technology during the second quarter valued at $49,000. Geode Capital Management LLC boosted its holdings in shares of 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 acquiring an additional 9,370 shares during the period. Finally, Russell Investments Group Ltd. acquired a new position in shares of Solidion Technology during the second quarter valued at $34,000.

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.