Before Investing In Solid Power Inc (NASDAQ:SLDP), Here Are Some Things To Consider

Solid Power Inc (NASDAQ:SLDP) shares traded -8.44% lower at $1.41 on Wall Street last session.

In accordance with the data, 5 analysts cover Solid Power Inc (NASDAQ:SLDP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $3.00, we find $3.25. Given the previous closing price of $1.54, this indicates a potential upside of 111.04 percent. SLDP stock price is now -21.65% away from the 50-day moving average and -41.89% away from the 200-day moving average. The market capitalization of the company currently stands at $251.53M.

It has been rated a hold by 3 analysts and a buy by 2. Brokers who have rated the stock have averaged $3.63 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 $0.98 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 $0.42 million. A total of 30.43% of the company’s stock is owned by insiders.

Solid Power Inc (NASDAQ: SLDP) opened at $1.5900 on Thursday. During the past 12 months, Solid Power Inc has had a low of $1.20 and a high of $5.71. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 17.60, and a quick ratio of 17.60. The fifty day moving average price for SLDP is $1.7996 and a two-hundred day moving average price translates $2.4265 for the stock.

The latest earnings results from Solid Power Inc (NASDAQ: SLDP) was released for Sep, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.07, beating analysts’ expectations of -$0.11 by 0.04. This compares to -$0.07 EPS in the same period last year. The net profit margin was -281.63% and return on equity was -8.09% for SLDP. The company reported revenue of $6.37 million for the quarter, compared to $2.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 126.31 percent. For the current quarter, analysts expect SLDP to generate $4.36M 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.

Related Posts