As of Wednesday close, Solid Power Inc.’s (NASDAQ:SLDP) stock was down -$0.05, moving down -2.19 percent to $2.23. The average number of shares traded per day over the past five days has been 1,863,940 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.43 fall in that time frame. In the last twenty days, the average volume was 1,956,500, while in the previous 50 days, it was 2,496,794.
Since last month, SLDP stock retreated -21.20%. Shares of the company fell to $2.20 on 08/16/23, the lowest level in the past month. A 52-week high of $7.41 was reached on 02/02/23 after having rallying from a 52-week low of $1.83. Since the beginning of this year, SLDP’s stock price has dropped by -12.20% or -$0.31, and marked a new high 11 times. However, the stock has declined by -69.91% since its 52-week high.
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SLDP stock investors should be aware that Solid Power Inc. (SLDP) stock had its last reported insider trading activity 84 days ago on May 25. ANDERSON ERIK J, the Director of the company, disposed of 1,901 shares for $2.10 on May 25. It resulted in a $3,992 divestment by the insider. STEPHENS JOHN JOSEPH added 214,500 shares at an average price of $2.92 on Mar 10. The insider now owns 300,005 shares following the transaction. On Aug 31, Chief Executive Officer Campbell Douglas M sold 170,000 shares at $6.41 apiece. The transaction was valued at $1,089,700.
Valuation Metrics
The stock’s beta is 1.71. Besides these, the trailing price-to-sales (P/S) ratio of 25.89, the price-to-book (PB) ratio of 0.75.
Financial Health
In the three months ended June 29, Solid Power Inc.’s quick ratio stood at 17.60, while its current ratio was 17.60, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is -13.00% percent. Based on annual data, SLDP earned $2.2 million in gross profit and brought in $11.79 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -10.60%. Return on equity (ROE) for the past 12 months was -8.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SLDP’s revenue rose 47.45% to $3.79 million during the quarter, while net income inched up to $4.91 million. While analysts expected Solid Power Inc. to report -$0.11 quarterly earnings, the actual figure was -$0.07 per share, beating the consensus estimate by 36.40%. During the quarter, the company generated -$22.14 million in EBITDA. The liabilities of Solid Power Inc. were 28.7 million at the end of its most recent quarter ended June 29, and its total debt was $9.75 million. The value of shareholders’ equity is $178.39 million.
Technical Picture
This quick technical analysis looks at Solid Power Inc.’s (SLDP) price momentum. With a historical volatility rate of 141.61%, the RSI 9-day stood at 31.73% on 16 August.
With respect to its five-day moving average, the current Solid Power Inc. price is down by -16.17% percent or -$0.43. At present, SLDP shares trade -21.48% below its 20-day simple moving average and -19.78% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.62% below its SMA50 and -59.67% below its SMA200.
Stochastic coefficient K was 5.21% and Stochastic coefficient D was 6.46%, while ATR was 0.17. Given the Stochastic reading of 4.08% for the 14-day period, the RSI (14) reading has been calculated as 37.81%. As of today, the MACD Oscillator reading stands at -0.15, while the 14-day reading stands at -0.26.
Analyst Ratings
Solid Power Inc. downgraded its rating on Solid Power Inc. (NASDAQ: SLDP) to an Underperform in a note to investors on June 08, 2023. The analysts firm previously had a Peer perform rating on the stock.Solid Power Inc. (SLDP) has been rated Hold by analysts. According to 1 brokerage firm, SLDP is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Solid Power Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $3.50, the current consensus forecast for the stock is $2.00 – $5.00. Based on these forecasts, analysts predict Solid Power Inc. (SLDP) will achieve an average price target of $3.50.
