The stock of Solid Power Inc (NASDAQ:SLDP) last traded at $1.92, up 14.29% from the previous session.
SLDP stock price is now 25.04% away from the 50-day moving average and 4.51% away from the 200-day moving average. The market capitalization of the company currently stands at $347.69M.
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With the price target maintained at $2, Wolfe Research recently Downgraded its rating from Peer Perform to Underperform for Solid Power Inc (NASDAQ: SLDP). , while ‘Citigroup’ rates the stock as ‘Neutral’
In other news, Buettner-Garrett Joshua, Chief Technology Officer sold 187,500 shares of the company’s stock on Mar 18 ’24. The stock was sold for $254,700 at an average price of $1.36. Upon completion of the transaction, the Chief Technology Officer now directly owns 336,539 shares in the company, valued at $0.65 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 07 ’24, Chief Technology Officer Buettner-Garrett Joshua sold 187,500 shares of the business’s stock. A total of $296,062 was realized by selling the stock at an average price of $1.58. This leaves the insider owning 356,433 shares of the company worth $0.68 million. A total of 26.10% of the company’s stock is owned by insiders.
During the past 12 months, Solid Power Inc has had a low of $1.10 and a high of $3.20. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 11.53, and a quick ratio of 11.53. The fifty day moving average price for SLDP is $1.5501 and a two-hundred day moving average price translates $1.8367 for the stock.
The latest earnings results from Solid Power Inc (NASDAQ: SLDP) was released for Dec, 2023. According to the Electrical Equipment & Parts Company, earnings per share came in at -$0.11, beating analysts’ expectations of -$0.12 by 0.01. This compares to $0.00 EPS in the same period last year. The net profit margin was -376.47% and return on equity was -12.38% for SLDP. The company reported revenue of $2.35 million for the quarter, compared to $4.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.12 percent. For the current quarter, analysts expect SLDP to generate $4.83M in revenue.
