In yesterday’s Wall Street session, Solid Power Inc. (NASDAQ:SLDP) shares traded at $2.45, down -7.89% from the previous session.
As of this writing, 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 $2.66, this indicates a potential upside of 31.58 percent. SLDP stock price is now -2.83% away from the 50-day moving average and -18.52% away from the 200-day moving average. The market capitalization of the company currently stands at $450.85M.
There are 3 analysts who have given it a hold rating, whereas 2 have given it a buy rating. 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 $1.7 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 $0.74 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 $825,000. TWO SIGMA ADVISERS, LP invested $399,000 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 $297,000. ERGOTELES LLC acquired a new stake in SLDP for approximately $190,000. DIMENSIONAL FUND ADVISORS LP purchased a new stake in SLDP valued at around $170,000 in the second quarter. In total, there are 206 active investors with 30.10% ownership of the company’s stock.
Thursday morning saw Solid Power Inc. (NASDAQ: SLDP) opened at $2.7100. 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 $2.5254 and a two-hundred day moving average price translates $2.9934 for the stock.
The latest earnings results from Solid Power Inc. (NASDAQ: SLDP) was released for Mar, 2023. The company reported revenue of $4.91 million for the quarter, compared to $2.58 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 90.01 percent.
