In yesterday’s Wall Street session, Solid Power Inc (NASDAQ:SLDP) shares traded at $1.65, up 6.80% from the previous session.
SLDP stock price is now 22.90% away from the 50-day moving average and 7.90% away from the 200-day moving average. The market capitalization of the company currently stands at $297.64M.
On June 08, 2023, Wolfe Research Downgraded its previous ‘Peer Perform’ rating to ‘Underperform’ on the stock keeping its target price maintained at $2, while ‘Needham’ rates the stock as ‘Buy’
In other news, Buettner-Garrett Joshua, Chief Technology Officer sold 187,500 shares of the company’s stock on Jan 06 ’25. The stock was sold for $392,288 at an average price of $2.09. Upon completion of the transaction, the Chief Technology Officer now directly owns 865,304 shares in the company, valued at $1.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 06 ’25, Officer Buettner-Garrett Joshua bought 187,500 shares of the business’s stock. A total of $392,282 was incurred on buying the stock at an average price of $2.09. A total of 22.47% of the company’s stock is owned by insiders.
During the past 12 months, Solid Power Inc has had a low of $1.00 and a high of $2.70. As of last week, the company has a debt-to-equity ratio of 0.02, a current ratio of 6.88, and a quick ratio of 6.88. The fifty day moving average price for SLDP is $1.3332 and a two-hundred day moving average price translates $1.531075 for the stock.
The latest earnings results from Solid Power Inc (NASDAQ: SLDP) was released for 2024-09-30. The net profit margin was -471.22% and return on equity was -17.75% for SLDP. The company reported revenue of $4.65 million for the quarter, compared to $6.37 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -26.94 percent.
