A share price of Solid Power Inc [SLDP] is currently trading at $1.67, down -3.47%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SLDP shares have gain 5.70% over the last week, with a monthly amount drifted -3.47%, and not seem to be holding up well over a long-time horizon.
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On 27, February 2024, Solid Power Full Year 2023 Results Reflect Strong Execution. In a post published today on Yahoo Finance, Business, operational, and financial update call scheduled for 4:30 p.m. ET today.
From an analyst’s perspective:
Solid Power Inc [NASDAQ: SLDP] stock has seen the most recent analyst activity on June 08, 2023, when Wolfe Research downgraded its rating to a Underperform but kept the price target unchanged to $2 for it. On December 14, 2022, Citigroup initiated with a Neutral rating and assigned a price target of $3 on the stock. Stifel started tracking the stock assigning a Hold rating and suggested a price target of $5 on December 02, 2022. DA Davidson downgraded its rating to a Neutral and reduced its price target to $5 on November 30, 2022. In a note dated June 29, 2022, Chardan Capital Markets initiated an Buy rating and provided a target price of $8 on this stock.
Solid Power Inc experienced fluctuations in its stock price throughout the past year between $1.10 and $3.49. Solid Power Inc [NASDAQ: SLDP] shares were valued at $1.67 at the most recent close of the market.
Analyzing the SLDP fundamentals
Trailing Twelve Months sales for Solid Power Inc [NASDAQ:SLDP] were 17.41M which represents -44.09% decline. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.02.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.5833 points at the first support level, and at 1.4967 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.7333, and for the 2nd resistance point, it is at 1.7967.
Solid Power Inc [SLDP] reported earnings per share of -$0.08 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0.05 and a surprise factor of 38.50%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.07 per share as compared to estimates of -$0.11 per share, a difference of $0.04 representing a surprise of 36.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solid Power Inc [NASDAQ:SLDP] is 11.53. In addition, the Quick Ratio stands at 17.12 and the Cash Ratio stands at 2.18. Considering the valuation of this stock, the price to sales ratio is 17.12, the price to book ratio is 0.59.
Transactions by insiders
Recent insider trading involved Buettner-Garrett Joshua, Chief Technology Officer, that happened on Feb 07 when 0.19 million shares were sold. Chief Technology Officer, Buettner-Garrett Joshua completed a deal on Jan 11 to sell 0.19 million shares. Meanwhile, Chief Technology Officer Buettner-Garrett Joshua sold 0.19 million shares on Dec 05.
