The price of Solid Power Inc (NASDAQ:SLDP) shares last traded on Wall Street rose 3.68% to $1.41.
SLDP stock price is now -6.49% away from the 50-day moving average and -35.61% away from the 200-day moving average. The market capitalization of the company currently stands at $251.60M.
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, Buettner-Garrett Joshua, Chief Technology Officer sold 187,500 shares of the company’s stock on Dec 05. The stock was sold for $276,075 at an average price of $1.47. Upon completion of the transaction, the Chief Technology Officer now directly owns 206,433 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 17, Director Goldberg Steven H sold 15,700 shares of the business’s stock. A total of $23,374 was realized by selling the stock at an average price of $1.49. This leaves the insider owning 59,197 shares of the company worth $83467.77. A total of 26.11% of the company’s stock is owned by insiders.
During the past 12 months, Solid Power Inc has had a low of $1.20 and a high of $3.86. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 17.12, and a quick ratio of 17.12. The fifty day moving average price for SLDP is $1.5078 and a two-hundred day moving average price translates $2.1899 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 -$0.08, beating analysts’ expectations of -$0.13 by 0.05. This compares to -$0.07 EPS in the same period last year. The net profit margin was -243.92% and return on equity was -8.78% 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 $4.08M 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.
