Solidion Technology Inc. (NASDAQ:STI – Get Free Report) Director Karin-Joyce Tjon bought 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average cost of $7.20 per share, with a total value of $36,000.00. Following the transaction, the director directly owned 58,053 shares of the company’s stock, valued at $417,981.60. The trade was a 9.42% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Solidion Technology Stock Down 5.7%
Shares of STI opened at $6.63 on Wednesday. The company has a market cap of $56.42 million, a price-to-earnings ratio of -0.52 and a beta of -0.01. Solidion Technology Inc. has a twelve month low of $2.94 and a twelve month high of $46.00. The company has a 50 day moving average of $7.22 and a two-hundred day moving average of $7.92.
Solidion Technology (NASDAQ:STI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.35) earnings per share (EPS) for the quarter. The firm had revenue of $0.12 million during the quarter.
Analyst Ratings Changes
Several brokerages recently issued reports on STI. Wall Street Zen lowered Solidion Technology from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Weiss Ratings downgraded Solidion Technology from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 27th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Analysis on Solidion Technology
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.
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