Solid Power Inc (NASDAQ:SLDP) does about 2.21M shares in volume on a normal day but saw 3834004 shares change hands in the recent trading day. The company now has a market cap of 279.80M USD. Its current market price is $1.56, marking a decrease of -7.14% compared to the previous close of $1.68. The 52 week high reached by this stock is $2.70 whilst the lowest price level in 52 weeks is $0.68.
The consensus objective for the share price is $2.00, suggesting that the stock has a potential upside of 22.0% over the period.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on September 05, 2024 when Wolfe Research resumed the stock to “Underperform” and issued a price target of $1. Wolfe Research downgraded the stock to “Underperform” from Peer Perform on June 08, 2023 at a price target of $2. Needham resumed its price target at $5.
The current price level is 13.00%, 29.99%, and 20.37% away from its SMA20, SMA50, and SMA200 respectively, with the SLDP price moving below the 50-day SMA on current market day. Solid Power Inc (SLDP) stock is up 16.42% over the week and 43.12% over the past month. Its price is -17.46% year-to-date and -11.86% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at -0.14 and -0.49 for whole year. Expected sales for next quarter are $5M, which analysts say will come at $21M for the current fiscal year and next year at $24.2M. In addition, estimates put the company’s current quarterly revenue at an average of $5M.
To reach the target analysts have set, the stock logically needs to grow 22.0 percent from here.
Outstanding shares total 182.45M with insiders holding 19.80% of the shares and institutional holders owning 28.55% of the company’s common stock. The company has a return on investment of -22.33% and return on equity of -20.64%. The beta has a value of 1.68. Price to book ratio is 0.72 and price to sales ratio is 13.85.
