Solid Power Inc [SLDP] stock prices are up 9.77% to $1.46 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling.
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From an analyst’s perspective:
Previously, Wolfe Research downgraded its rating to Underperform on June 08, 2023, and kept the price target unchanged to $2. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $3 on December 14, 2022. Stifel initiated its recommendation with a Hold and recommended $5 as its price target on December 02, 2022. DA Davidson downgraded its rating to Neutral for this stock on November 30, 2022, and downed its price target to $5. In a note dated October 31, 2022, Cowen initiated an Market Perform rating.
The stock price of Solid Power Inc [SLDP] has been fluctuating between $1.10 and $2.35 over the past year. Solid Power Inc [NASDAQ: SLDP] shares were valued at $1.46 at the most recent close of the market.
Analyzing the SLDP fundamentals
The Solid Power Inc [NASDAQ:SLDP] reported sales of 19.74M for trailing twelve months, representing a surge of 3.44%. 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. 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 1.3767 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 1.5467, and for the 2nd resistance point, it is at 1.6333.
Ratios To Look Out For
It’s worth pointing out that Solid Power Inc [NASDAQ:SLDP]’s Current Ratio is 7.01. Also, the Quick Ratio is 7.01, while the Cash Ratio stands at 1.34. Considering the valuation of this stock, the price to sales ratio is 13.24, the price to book ratio is 0.57.
Transactions by insiders
Recent insider trading involved Buettner-Garrett Joshua, Chief Technology Officer, that happened on Sep 10 ’24 when 0.19 million shares were sold. Officer, Buettner-Garrett Joshua completed a deal on Sep 10 ’24 to buy 0.19 million shares. Meanwhile, Director Goldberg Steven H sold 59197.0 shares on Aug 29 ’24.
