Solid Power Inc. (NASDAQ:SLDP) shares traded -1.17% lower at $2.54 on Wall Street last session.
In accordance with the data, 6 analysts cover Solid Power Inc. (NASDAQ:SLDP). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $2.00, we find $3.50. Given the previous closing price of $2.57, this indicates a potential upside of 36.19 percent. SLDP stock price is now 5.75% away from the 50-day moving average and -18.60% away from the 200-day moving average. The market capitalization of the company currently stands at $476.05M.
It has been rated a hold by 3 analysts and a buy by 2. Brokers who have rated the stock have averaged $3.50 as their price target over the next twelve months.
With the price target maintained at $2, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Solid Power Inc. (NASDAQ: SLDP).
In other news, ANDERSON ERIK J, Director sold 1,901 shares of the company’s stock on May 25. The stock was sold for $3,992 at an average price of $2.10. Upon completion of the transaction, the Director now directly owns 693,900 shares in the company, valued at $1.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 10, Director STEPHENS JOHN JOSEPH bought 214,500 shares of the business’s stock. A total of $626,126 was incurred on buying the stock at an average price of $2.92. This leaves the insider owning 300,005 shares of the company worth $0.76 million. A total of 5.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SLDP stock. A new stake in Solid Power Inc. shares was purchased by PRIVATE ADVISORY GROUP LLC during the first quarter worth $856,000. TWO SIGMA ADVISERS, LP invested $414,000 in shares of SLDP during the first quarter. In the first quarter, MERCER GLOBAL ADVISORS INC /ADV acquired a new stake in Solid Power Inc. valued at approximately $308,000. ERGOTELES LLC acquired a new stake in SLDP for approximately $197,000. PRIME CAPITAL INVESTMENT ADVISORS, LLC purchased a new stake in SLDP valued at around $103,000 in the second quarter. In total, there are 205 active investors with 30.10% ownership of the company’s stock.
Solid Power Inc. (NASDAQ: SLDP) opened at $2.6700 on Thursday. During the past 12 months, Solid Power Inc. has had a low of $1.83 and a high of $7.77. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 20.80, and a quick ratio of 20.80. The fifty day moving average price for SLDP is $2.4138 and a two-hundred day moving average price translates $3.1074 for the stock.
The latest earnings results from Solid Power Inc. (NASDAQ: SLDP) was released for Mar, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.11, inline with analysts’ expectations of -$0.11. This compares to -$0.06 EPS in the same period last year. The company reported revenue of $3.79 million for the quarter, compared to $2.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 72.68 percent. For the current quarter, analysts expect SLDP to generate $4.06M in revenue.
Solid Power Inc.(SLDP) Company Profile
Solid Power, Inc. develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sell its sulfide-based solid electrolyte and to license its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells. Solid Power, Inc. was founded in 2011 and is headquartered in Louisville, Colorado.
