Solid Power Inc (SLDP) Stock: Assessing the Risk and Reward

XPO

The stock of Solid Power Inc (SLDP) has gone down by -7.39% for the week, with a 14.63% rise in the past month and a 11.24% rise in the past quarter. The volatility ratio for the week is 5.93%, and the volatility levels for the past 30 days are 6.49% for SLDP. The simple moving average for the past 20 days is -3.91% for SLDP’s stock, with a 16.86% simple moving average for the past 200 days.

Is It Worth Investing in Solid Power Inc (NASDAQ: SLDP) Right Now?

The 36-month beta value for SLDP is at 1.75. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”

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The public float for SLDP is 134.35M, and currently, shorts hold a 11.35% of that float. The average trading volume for SLDP on July 31, 2024 was 1.95M shares.

SLDP) stock’s latest price update

Solid Power Inc (NASDAQ: SLDP)’s stock price has gone rise by 1.08 in comparison to its previous close of 1.86, however, the company has experienced a -7.39% decrease in its stock price over the last five trading days. investorplace.com reported 2024-07-30 that As the world accelerates its transition towards renewable energy, battery stocks remain at the forefront of this global shift. Heading into the summer of 2024, the demand for high-performance, sustainable battery solutions is more critical than ever.

Analysts’ Opinion of SLDP

Many brokerage firms have already submitted their reports for SLDP stocks, with Wolfe Research repeating the rating for SLDP by listing it as a “Underperform.” The predicted price for SLDP in the upcoming period, according to Wolfe Research is $2 based on the research report published on June 08, 2023 of the previous year 2023.

Needham, on the other hand, stated in their research note that they expect to see SLDP reach a price target of $5. The rating they have provided for SLDP stocks is “Buy” according to the report published on March 08th, 2023.

Citigroup gave a rating of “Neutral” to SLDP, setting the target price at $3 in the report published on December 14th of the previous year.

SLDP Trading at 4.75% 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 -35.95% of loss for the given period.

Volatility was left at 6.49%, however, over the last 30 days, the volatility rate increased by 5.93%, as shares surge +15.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.43% upper at present.

During the last 5 trading sessions, SLDP fell by -7.39%, which changed the moving average for the period of 200-days by +5.03% in comparison to the 20-day moving average, which settled at $1.9690. In addition, Solid Power Inc saw 29.66% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at SLDP starting from Buettner-Garrett Joshua, who sale 187,500 shares at the price of $1.66 back on Jul 09 ’24. After this action, Buettner-Garrett Joshua now owns 683,057 shares of Solid Power Inc, valued at $312,056 using the latest closing price.

Buettner-Garrett Joshua, the Chief Technology Officer of Solid Power Inc, sale 187,500 shares at $1.66 during a trade that took place back on Jun 14 ’24, which means that Buettner-Garrett Joshua is holding 687,473 shares at $311,194 based on the most recent closing price.

Stock Fundamentals for SLDP

Current profitability levels for the company are sitting at:

  • -4.86 for the present operating margin
  • -0.32 for the gross margin

The net margin for Solid Power Inc stands at -3.45. The total capital return value is set at -0.19. Equity return is now at value -13.27, with -12.41 for asset returns.

Based on Solid Power Inc (SLDP), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -7.27. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -841.42.

Currently, EBITDA for the company is -77.88 million with net debt to EBITDA at 0.07. When we switch over and look at the enterprise to sales, we see a ratio of 16.86. The receivables turnover for the company is 1.37for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.35.

Conclusion

In conclusion, Solid Power Inc (SLDP) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.

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