Solid Power Inc [SLDP] stock is trading at $1.37, up 2.24%. 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 1.48% over the last week, with a monthly amount drifted -11.33%, and not seem to be holding up well over a long-time horizon.
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.
Solid Power Inc [SLDP] stock has fluctuated between $1.00 and $2.70 over the past year. Solid Power Inc [NASDAQ: SLDP] shares were valued at $1.37 at the most recent close of the market.
Analyzing the SLDP fundamentals
Solid Power Inc [NASDAQ:SLDP] reported sales of 18.03M for the trailing twelve months, which represents a drop of -26.94%. Gross Profit Margin for this corporation currently stands at -0.34% with Operating Profit Margin at -5.88%, Pretax Profit Margin comes in at -4.66%, and Net Profit Margin reading is -4.98%. To continue investigating profitability, this company’s Return on Assets is posted at -0.19, Equity is -0.19 and Total Capital is -0.24. 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 1.3300 points at the first support level, and at 1.2900 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4200, and for the 2nd resistance point, it is at 1.4700.
Ratios To Look Out For
For context, Solid Power Inc’s Current Ratio is 6.88. Further, the Quick Ratio stands at 6.88, while the Cash Ratio is 1.87. Considering the valuation of this stock, the price to sales ratio is 13.71, the price to book ratio is 0.56.
Transactions by insiders
Recent insider trading involved Buettner-Garrett Joshua, Chief Technology Officer, that happened on Feb 10 ’25 when 0.19 million shares were sold. Officer, Buettner-Garrett Joshua completed a deal on Feb 10 ’25 to buy 0.19 million shares. Meanwhile, Chief Technology Officer Buettner-Garrett Joshua sold 0.19 million shares on Jan 06 ’25.
