Solid Power Inc (NASDAQ:SLDP) does about 2.23M shares in volume on a normal day but saw 5622217 shares change hands in the recent trading day. The company now has a market cap of 288.77M USD. Its current market price is $1.61, marking an increase of 13.38% compared to the previous close of $1.42. 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 19.5% 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 10.50%, 30.25%, and 24.11% 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 3.21% over the week and 34.17% over the past month. Its price is -14.81% year-to-date and -4.73% over the past year.
To reach the target analysts have set, the stock logically needs to grow 19.5 percent from here.
Outstanding shares total 182.45M with insiders holding 19.79% 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 1.62. Price to book ratio is 0.74 and price to sales ratio is 14.30.
