Solid Power Inc (NASDAQ: SLDP)’s stock price has soared by 0.66 in relation to previous closing price of 1.44. Nevertheless, the company has seen a gain of 0.66% in its stock price over the last five trading days. fool.com reported 2024-08-09 that Blink Charging continues to lose incredible amounts of money and growth has slowed to a crawl. Solid Power revenue grew slightly but management expects slower growth in the second half of the year.
Is It Worth Investing in Solid Power Inc (NASDAQ: SLDP) Right Now?
The 36-month beta value for SLDP is at 1.76. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for SLDP is 135.97M, and currently, shorts hold a 10.29% of that float. The average trading volume for SLDP on August 20, 2024 was 1.82M shares.
SLDP’s Market Performance
The stock of Solid Power Inc (SLDP) has seen a 0.66% increase in the past week, with a -30.31% drop in the past month, and a -15.73% fall in the past quarter. The volatility ratio for the week is 5.43%, and the volatility levels for the past 30 days are at 7.24% for SLDP. The simple moving average for the past 20 days is -11.52% for SLDP’s stock, with a -9.83% simple moving average for the past 200 days.
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 -16.08% 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 -38.32% of loss for the given period.
Volatility was left at 7.24%, however, over the last 30 days, the volatility rate increased by 5.43%, as shares sank -31.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -12.95% lower at present.
During the last 5 trading sessions, SLDP rose by +0.35%, which changed the moving average for the period of 200-days by +8.65% in comparison to the 20-day moving average, which settled at $1.6045. In addition, Solid Power Inc saw -0.03% 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 Buettner-Garrett Joshua, who proposed sale 187,500 shares at the price of $1.43 back on Aug 19 ’24. After this action, Buettner-Garrett Joshua now owns shares of Solid Power Inc, valued at $268,125 using the latest closing price.
Roe Lesa B, the Director of Solid Power Inc, sale 27,900 shares at $1.35 during a trade that took place back on Aug 09 ’24, which means that Roe Lesa B is holding 149,241 shares at $37,693 based on the most recent closing price.
Stock Fundamentals for SLDP
Current profitability levels for the company are sitting at:
- -5.06 for the present operating margin
- -0.23 for the gross margin
The net margin for Solid Power Inc stands at -3.93. The total capital return value is set at -0.21. Equity return is now at value -15.75, with -14.78 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 -6.86. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is -1957.76.
Currently, EBITDA for the company is -77.88 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 12.05. The receivables turnover for the company is 1.6for 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 7.01.
Conclusion
In conclusion, Solid Power Inc (SLDP) has had a bad 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.
