Solidion Technology (NASDAQ:STI) Downgraded by Wall Street Zen to Strong Sell

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

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

Solidion Technology Stock Performance

Shares of STI opened at $7.17 on Friday. The company’s 50 day moving average price is $5.27 and its 200 day moving average price is $8.04. Solidion Technology has a 52 week low of $2.94 and a 52 week high of $33.99. The company has a market capitalization of $53.56 million, a PE ratio of -0.78 and a beta of 0.50.

Institutional Trading of Solidion Technology

A number of institutional investors have recently added to or reduced their stakes in STI. Russell Investments Group Ltd. acquired a new stake in Solidion Technology in the second quarter valued at approximately $34,000. Jane Street Group LLC acquired a new stake in Solidion Technology in the second quarter valued at approximately $49,000. Geode Capital Management LLC lifted its stake in Solidion Technology by 68.9% in 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 last quarter. Finally, Anson Funds Management LP acquired a new stake in Solidion Technology in the fourth 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.