Solid Power Inc (NASDAQ:SLDP) traded with an addition of $0.06 to close at $2.01on Friday, an upside of 2.82 percent. An average of 1,299,813 shares of common stock have been traded in the last five days. There was a gain of $0.0850 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 1,190,098 shares traded, while the 50-day average volume stands at 1,552,587.
SLDP stock has decreased by -9.28% in the last month. The company shares reached their 1-month lowest point of $1.8400 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $1.83 and a high of $6.05 in 52 weeks. It has reached a new high 11 times so far this year and lost -21.06% or -$0.5350 in price. In spite of this, the price is down -66.86% from the 52-week high.
Insider Transactions
SLDP stock investors should be aware that Solid Power Inc (SLDP) stock had its last reported insider trading activity 127 days ago on May 25.
Valuation Metrics
Solid Power Inc (SLDP) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 1.69. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 22.77, the price-to-book (PB) ratio at 0.68.
Financial Health
The quick ratio of Solid Power Inc for the three months ended June 29 was 17.60, and the current ratio was 17.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.02 for the quarter ending June 29. Its gross profit as reported stood at $2.2 million compared to revenue of $11.79 million.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$12.21 million in the quarter, while revenues of -$19.16 million were grew 211.96%. The analyst consensus anticipated Solid Power Inc’s latest quarter earnings to come in at -$0.11 per share, but it turned out to be -$0.07, a 36.40% surprise. For the quarter, EBITDA amounted to -$22.14 million. Shareholders own equity worth $178.39 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Solid Power Inc (SLDP) price momentum. RSI 9-day as of the close on 28 September was 47.36%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.78%.
As of today, SLDP’s price is $1.9350 +4.43% or $0.0850 from its 5-day moving average. SLDP is currently trading -5.42% lower than its 20-day SMA and -10.09% lower than its 100-day SMA. However, the stock’s current price level is -26.82% below the SMA50 and -24.05% below the SMA200.
The stochastic %K and %D were 28.63% and 18.62%, respectively, and the average true range (ATR) was 0.0949. With the 14-day stochastic at 42.31% and the average true range at 0.1026, the RSI (14) stands at 43.67%. The stock has reached -0.0122 on the 9-day MACD Oscillator while the 14-day reading was at -0.0608.
Analyst Ratings
Wolfe Research downgraded Solid Power Inc (NASDAQ: SLDP) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Peer perform. The consensus rating for Solid Power Inc (SLDP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SLDP, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
