A share price of Solid Power Inc [SLDP] is currently trading at $1.38, down -4.17%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SLDP shares have gain 7.81% over the last week, with a monthly amount drifted -38.39%, and not 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.
Solid Power Inc experienced fluctuations in its stock price throughout the past year between $1.10 and $2.39. Solid Power Inc [NASDAQ: SLDP] shares were valued at $1.38 at the most recent close of the market.
Analyzing the SLDP fundamentals
Trailing Twelve Months sales for Solid Power Inc [NASDAQ:SLDP] were 19.74M which represents 3.44% growth. Gross Profit Margin for this corporation currently stands at -0.23% with Operating Profit Margin at -5.06%, Pretax Profit Margin comes in at -3.91%, and Net Profit Margin reading is -3.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.16, Equity is -0.16 and Total Capital is -0.21. 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 1.3367 points at the first support level, and at 1.2933 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4567, and for the 2nd resistance point, it is at 1.5333.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solid Power Inc [NASDAQ:SLDP] is 7.01. Further, the Quick Ratio stands at 7.01, while the Cash Ratio is 1.34. Considering the valuation of this stock, the price to sales ratio is 12.51, the price to book ratio is 0.54.
Transactions by insiders
Recent insider trading involved Roe Lesa B, Director, that happened on Aug 09 ’24 when 27900.0 shares were sold. Director, Roe Lesa B completed a deal on Aug 09 ’24 to buy 27900.0 shares. Meanwhile, Chief Technology Officer Buettner-Garrett Joshua sold 0.19 million shares on Jul 09 ’24.
