A share price of Solid Power Inc [SLDP] is currently trading at $1.11, up 1.83%. An important factor to consider is whether the stock is rising or falling in short-term value. The SLDP shares have gain 0.91% over the last week, with a monthly amount drifted -8.26%, 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 experienced fluctuations in its stock price throughout the past year between $1.00 and $2.70. Solid Power Inc [NASDAQ: SLDP] shares were valued at $1.11 at the most recent close of the market.
Analyzing the SLDP fundamentals
Trailing Twelve Months sales for Solid Power Inc [NASDAQ:SLDP] were 20.14M which represents 90.03% growth. To continue investigating profitability, this company’s Return on Assets is posted at -0.22, Equity is -0.22 and Total Capital is -0.25. 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 1.0800 points at the first support level, and at 1.0500 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1300, and for the 2nd resistance point, it is at 1.1500.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Solid Power Inc [NASDAQ:SLDP] is 6.27. On the other hand, the Quick Ratio is 6.27, and the Cash Ratio is 1.27. Considering the valuation of this stock, the price to sales ratio is 10.03, the price to book ratio is 0.49.
Transactions by insiders
Recent insider trading involved Buettner-Garrett Joshua, Chief Technology Officer, that happened on Mar 06 ’25 when 0.19 million shares were sold. Officer, Buettner-Garrett Joshua completed a deal on Mar 06 ’25 to buy 0.19 million shares. Meanwhile, Chief Technology Officer Buettner-Garrett Joshua sold 0.19 million shares on Feb 10 ’25.
