Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for Solid Power Inc. (SLDP) is $3.88, which is $1.59 above the current market price. The public float for SLDP is 124.91M, and currently, short sellers hold a 7.29% ratio of that float. The average trading volume of SLDP on May 24, 2023 was 2.15M shares.
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SLDP) stock’s latest price update
Solid Power Inc. (NASDAQ: SLDP)’s stock price has plunge by 1.78relation to previous closing price of 2.25. Nevertheless, the company has seen a 23.12% surge in its stock price over the last five trading sessions. Barron’s reported on 06/06/22 that Solid Power Makes Progress With New Battery Technology
SLDP’s Market Performance
SLDP’s stock has risen by 23.12% in the past week, with a monthly drop of -1.29% and a quarterly drop of -31.44%. The volatility ratio for the week is 9.31% while the volatility levels for the last 30 days are 6.80% for Solid Power Inc. The simple moving average for the past 20 days is 9.45% for SLDP’s stock, with a -42.44% simple moving average for the past 200 days.
SLDP Trading at -7.54% from the 50-Day Moving Average
After a stumble in the market that brought SLDP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -75.64% of loss for the given period.
Volatility was left at 6.80%, however, over the last 30 days, the volatility rate increased by 9.31%, as shares surge +0.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.93% lower at present.
During the last 5 trading sessions, SLDP rose by +23.12%, which changed the moving average for the period of 200-days by -65.30% in comparison to the 20-day moving average, which settled at $2.09. In addition, Solid Power Inc. saw -9.84% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SLDP starting from STEPHENS JOHN JOSEPH, who purchase 214,500 shares at the price of $2.92 back on Mar 10. After this action, STEPHENS JOHN JOSEPH now owns 300,005 shares of Solid Power Inc., valued at $626,126 using the latest closing price.
Campbell Douglas M, the Chief Executive Officer of Solid Power Inc., sale 170,000 shares at $6.41 during a trade that took place back on Aug 31, which means that Campbell Douglas M is holding 9,700,214 shares at $1,089,700 based on the most recent closing price.
Stock Fundamentals for SLDP
Current profitability levels for the company are sitting at:
- -501.48 for the present operating margin
- +18.64 for the gross margin
The net margin for Solid Power Inc. stands at -81.05. The total capital return value is set at -10.52, while invested capital returns managed to touch -1.70. Equity return is now at value -3.30, with -3.10 for asset returns.
Based on Solid Power Inc. (SLDP), the company’s capital structure generated 1.81 points at debt to equity in total, while total debt to capital is 1.78. Total debt to assets is 1.68, with long-term debt to equity ratio resting at 1.66. Finally, the long-term debt to capital ratio is 1.63.
When we switch over and look at the enterprise to sales, we see a ratio of 6.51, with the company’s debt to enterprise value settled at 0.08. The receivables turnover for the company is 8.83 and the total asset turnover is 0.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 15.81.
Conclusion
To put it simply, Solid Power Inc. (SLDP) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
