Solid Power Inc (NASDAQ:SLDP) currently has a daily average trading volume of 1.94M but it saw 15629547 shares traded in last market. With a market cap of 351.75M USD, the company’s current market price of $1.95 came rising about 30.00 while comparing to the previous closing price of $1.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.35 and as low as $1.00. In the recent trading on the day, stock has struck highest price mark of $1.55 while lowest mark touched by it was $1.96.
Taking a look at 20-day trading activity of Solid Power Inc (SLDP) gives us an average price of $1.2090, while its current price level is -17.02% below from 52-week high level whereas it is 95.00% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.1813 while that of 200 days or SMA-200 reads an average of $1.5088. A closer look into the stock’s movement over the week reveals that its volatility is standing at 15.48% during that period while stretching the period over a month that decreases to 8.63%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 84.38 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Wolfe Research which resumed the stock as “Underperform” in its note to investors issued on September 05, 2024, recommending a price target of $1 for it. Wolfe Research downgraded its recommendation for the stock as a “Underperform” from “Peer Perform” on June 08, 2023 while assigning a price target of $2. Needham also issued its recommendations for the stock as it resumed the price target for the stock is $5.
Over the week, SLDP’s stock price is moving 65.25% up while it is 68.10% when we observe its performance for the past one month. Year-to-date it is 34.48% up and over the past year, the stock is showing an upside performance of 27.45%.
The company is expected to be releasing its next quarterly report in January, for which analysts forecasted an EPS of -0.12 while estimate for next year EPS is -0.49. In next quarter, company is expected to be making quarterly sales of $10.8M as analysts are expecting the sales for current fiscal year at $17.5M and seeing the company making $34.2M in sales next year. Moreover, analysts are in estimates of $3.85M for current-quarter revenue.
Currently, Solid Power Inc’s total number of outstanding shares is 179.63M. Company’s return on investment (ROI) stands at -18.99% and return on equity (ROE) at -17.75%. Stock’s beta reads 1.68. Stock has a price to book (P/B) ratio of 0.80 while price to sale or P/S ratio amounts to 19.51. Its return on asset (ROA) is -16.74% on average.
