The closing price of Solid Power Inc. (NASDAQ: SLDP) was $2.19 for the day, down -4.37% from the previous closing price of $2.29. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 1403333 shares were traded. SLDP stock price reached its highest trading level at $2.2900 during the session, while it also had its lowest trading level at $2.1700.
Unlock the Hottest Top 10 Penny Stocks Today! Discover Now
Dive into the world of lucrative penny stocks with MarketClub's groundbreaking "Smart Scan" technology! Get an instant snapshot of the top 50 high volume stocks with a clear direction and outstanding liquidity - in other words, the strongest trending. To unlock this exclusive list, simply provide your first name, last name, and email for instant access.
Gain Access to Top 10 Penny Stocks Now!.
Our analysis of SLDP’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 20.80 and its Current Ratio is at 20.80. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 10 when STEPHENS JOHN JOSEPH bought 214,500 shares for $2.92 per share. The transaction valued at 626,126 led to the insider holds 300,005 shares of the business.
Campbell Douglas M sold 170,000 shares of SLDP for $1,089,700 on Aug 31. The Chief Executive Officer now owns 9,700,214 shares after completing the transaction at $6.41 per share. On Aug 30, another insider, STEPHENS JOHN JOSEPH, who serves as the Director of the company, bought 30,000 shares for $6.80 each. As a result, the insider paid 203,937 and bolstered with 85,505 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SLDP now has a Market Capitalization of 376.33M and an Enterprise Value of 63.30M. For the stock, the TTM Price-to-Sale (P/S) ratio is 29.68 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 4.73 whereas that against EBITDA is -5.80.
Stock Price History:
Over the past 52 weeks, SLDP has reached a high of $9.40, while it has fallen to a 52-week low of $1.83. The 50-Day Moving Average of the stock is 2.4526, while the 200-Day Moving Average is calculated to be 3.9344.
SLDP traded an average of 2.19M shares per day over the past three months and 2.6M shares per day over the past ten days. A total of 176.93M shares are outstanding, with a floating share count of 124.91M. Insiders hold about 5.60% of the company’s shares, while institutions hold 30.10% stake in the company. Shares short for SLDP as of Apr 27, 2023 were 9.1M with a Short Ratio of 9.10M, compared to 9.7M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.13% and a Short% of Float of 5.19%.
The firm’s stock currently is rated by 4 analysts. On average, analysts expect EPS of -$0.11 for the current quarter, with a high estimate of -$0.1 and a low estimate of -$0.13, while EPS last year was $0.08. The consensus estimate for the next quarter is -$0.12, with high estimates of -$0.11 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.43 and -$0.51 for the fiscal current year, implying an average EPS of -$0.46. EPS for the following year is -$0.46, with 4 analysts recommending between -$0.35 and -$0.67.
It is expected that $90B in revenue will be generated in the current quarter, according to 5 analysts. It ranges from a high estimate of $4.6M to a low estimate of $3.4M. As of the current estimate, Solid Power Inc.’s year-ago sales were $2.58M, an estimated increase of 59.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $4.32M, an increase of 369.60% over than the figure of $59.60% in the same quarter last year. There is a high estimate of $4.6M for the next quarter, whereas the lowest estimate is $3.78M.
A total of 5 analysts have provided revenue estimates for SLDP’s current fiscal year. The highest revenue estimate was $17.6M, while the lowest revenue estimate was $15.14M, resulting in an average revenue estimate of $16.93M. In the same quarter a year ago, actual revenue was $11.79M, up 43.60% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $19.62M in the next fiscal year. The high estimate is $21.2M and the low estimate is $18M. The average revenue growth estimate for next year is up 15.90% from the average revenue estimate for this year.