Solid Power Inc (NASDAQ: SLDP) closed the day trading at $1.91 down -3.54% from the previous closing price of $1.98. In other words, the price has decreased by -$0.0700 from its previous closing price. On the day, 2883560 shares were traded.
Ratios:
For a better understanding of SLDP, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 11.53 and its Current Ratio is at 11.53. In the meantime, Its Debt-to-Equity ratio is 0.02 whereas as Long-Term Debt/Eq ratio is at 0.02.
On December 14, 2022, Citigroup started tracking the stock assigning a Neutral rating and target price of $3.Citigroup initiated its Neutral rating on December 14, 2022, with a $3 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 18 ’24 when Buettner-Garrett Joshua sold 187,500 shares for $1.36 per share. The transaction valued at 254,700 led to the insider holds 336,539 shares of the business.
Buettner-Garrett Joshua sold 187,500 shares of SLDP for $296,062 on Feb 07 ’24. The Chief Technology Officer now owns 356,433 shares after completing the transaction at $1.58 per share. On Jan 11 ’24, another insider, Buettner-Garrett Joshua, who serves as the Chief Technology Officer of the company, sold 187,500 shares for $1.29 each. As a result, the insider received 242,081 and left with 356,433 shares of the company.
Valuation Measures:
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 345.89M and an Enterprise Value of 179.40M. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.87 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 10.30 whereas that against EBITDA is -3.40.
Stock Price History:
Over the past 52 weeks, SLDP has reached a high of $3.20, while it has fallen to a 52-week low of $1.10. The 50-Day Moving Average of the stock is 1.5977, while the 200-Day Moving Average is calculated to be 1.8316.
Shares Statistics:
Over the past 3-months, SLDP traded about 3.92M shares per day on average, while over the past 10 days, SLDP traded about 4.1M shares per day. A total of 179.01M shares are outstanding, with a floating share count of 131.37M. Insiders hold about 27.46% of the company’s shares, while institutions hold 24.74% stake in the company. Shares short for SLDP as of Mar 15, 2024 were 14.3M with a Short Ratio of 3.65, compared to 12.75M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.90% and a Short% of Float of 7.99%.
Earnings Estimates
Current recommendations for the stock of the company come from 3 analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.11, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.06 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.22 and -$0.54 for the fiscal current year, implying an average EPS of -$0.43. EPS for the following year is -$0.45, with 5 analysts recommending between -$0.2 and -$0.62.
Revenue Estimates
3 analysts predict $4.83M in revenue for the current quarter. It ranges from a high estimate of $5.5M to a low estimate of $4M. As of the current estimate, Solid Power Inc’s year-ago sales were $3.79M, an estimated increase of 27.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $5.07M, an increase of 3.30% less than the figure of $27.40% in the same quarter last year. There is a high estimate of $5.5M for the next quarter, whereas the lowest estimate is $4.7M.
A total of 5 analysts have provided revenue estimates for SLDP’s current fiscal year. The highest revenue estimate was $22.5M, while the lowest revenue estimate was $20M, resulting in an average revenue estimate of $21.33M. In the same quarter a year ago, actual revenue was $17.41M, up 22.50% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $30.77M in the next fiscal year. The high estimate is $43M and the low estimate is $24.2M. The average revenue growth estimate for next year is up 44.30% from the average revenue estimate for this year.
