Solid Power Inc [SLDP] stock prices are up 9.14% to $2.15 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SLDP shares have gain 27.22% over the last week, with a monthly amount glided 24.28%, and seem to be holding up well over a long-time horizon.
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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.
The stock price of Solid Power Inc [SLDP] has been fluctuating between $1.10 and $3.20 over the past year. Solid Power Inc [NASDAQ: SLDP] shares were valued at $2.15 at the most recent close of the market.
Analyzing the SLDP fundamentals
The Solid Power Inc [NASDAQ:SLDP] reported sales of 19.57M for trailing twelve months, representing a surge of 56.99%. Gross Profit Margin for this corporation currently stands at -0.32% with Operating Profit Margin at -4.86%, Pretax Profit Margin comes in at -3.45%, and Net Profit Margin reading is -3.45%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.13 and Total Capital is -0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.
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 2.03 points at the first support level, and at 1.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.22, and for the 2nd resistance point, it is at 2.28.
Ratios To Look Out For
It’s worth pointing out that Solid Power Inc [NASDAQ:SLDP]’s Current Ratio is 9.35. As well, the Quick Ratio is 9.35, while the Cash Ratio is 0.77. Considering the valuation of this stock, the price to sales ratio is 19.45, the price to book ratio is 0.80.
Transactions by insiders
Recent insider trading involved Buettner-Garrett Joshua, Chief Technology Officer, that happened on Jul 09 ’24 when 0.19 million shares were sold. Chief Technology Officer, Buettner-Garrett Joshua completed a deal on Jun 14 ’24 to sell 0.19 million shares. Meanwhile, Chief Technology Officer Buettner-Garrett Joshua sold 0.19 million shares on May 21 ’24.
