Solidion Technology (NASDAQ:STI) Rating Increased to Sell at Wall Street Zen

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

Solidion Technology Price Performance

Shares of STI stock opened at $4.08 on Friday. The company has a 50-day moving average of $5.15 and a two-hundred day moving average of $8.04. Solidion Technology has a 1-year low of $2.94 and a 1-year high of $33.99. The firm has a market cap of $30.48 million, a PE ratio of -0.44 and a beta of 0.50.

Hedge Funds Weigh In On Solidion Technology

A number of hedge funds and other institutional investors have recently bought and sold shares of STI. Russell Investments Group Ltd. acquired a new position in Solidion Technology in the 2nd quarter valued at $34,000. Geode Capital Management LLC lifted its stake in shares of Solidion Technology by 68.9% in the 4th quarter. Geode Capital Management LLC now owns 22,963 shares of the company’s stock worth $163,000 after acquiring an additional 9,370 shares during the period. Jane Street Group LLC purchased a new position in Solidion Technology during the second quarter worth about $49,000. Finally, Anson Funds Management LP purchased a new position in Solidion Technology during the fourth quarter worth about $1,704,000.

About Solidion Technology

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.