As of close of business last night, Solid Power Inc.’s stock clocked out at $2.08, down -2.35% from its previous closing price of $2.13. In other words, the price has decreased by -$0.0500 from its previous closing price. On the day, 715800 shares were traded.
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Ratios:
To gain a deeper understanding of SLDP’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 17.60 and its Current Ratio is at 17.60. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 25 when ANDERSON ERIK J sold 1,901 shares for $2.10 per share. The transaction valued at 3,992 led to the insider holds 693,900 shares of the business.
STEPHENS JOHN JOSEPH bought 214,500 shares of SLDP for $626,126 on Mar 10. The Director now owns 300,005 shares after completing the transaction at $2.92 per share.
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 371.05M and an Enterprise Value of 159.67M. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.52 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 10.16 whereas that against EBITDA is -4.56.
Stock Price History:
Over the past 52 weeks, SLDP has reached a high of $6.28, while it has fallen to a 52-week low of $1.83. The 50-Day Moving Average of the stock is 2.4210, while the 200-Day Moving Average is calculated to be 2.5978.
Shares Statistics:
It appears that SLDP traded 2.00M shares on average per day over the past three months and 1.13M shares per day over the past ten days. A total of 178.06M shares are outstanding, with a floating share count of 128.91M. 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 Aug 30, 2023 were 10.07M with a Short Ratio of 10.07M, compared to 9.07M on Jul 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 5.64% and a Short% of Float of 5.71%.
Earnings Estimates
As of right now, 4 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.13 for the current quarter, with a high estimate of -$0.11 and a low estimate of -$0.15, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.13, with high estimates of -$0.11 and low estimates of -$0.15.
Analysts are recommending an EPS of between -$0.4 and -$0.48 for the fiscal current year, implying an average EPS of -$0.45. EPS for the following year is -$0.5, with 4 analysts recommending between -$0.35 and -$0.69.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $4.36M. It ranges from a high estimate of $4.7M to a low estimate of $3.78M. As of the current estimate, Solid Power Inc.’s year-ago sales were $920k, an estimated increase of 373.90% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $4.66M, an increase of 11.00% less than the figure of $373.90% in the same quarter last year. There is a high estimate of $5.6M for the next quarter, whereas the lowest estimate is $3.79M.
A total of 5 analysts have provided revenue estimates for SLDP’s current fiscal year. The highest revenue estimate was $18.5M, while the lowest revenue estimate was $16.27M, resulting in an average revenue estimate of $17.57M. In the same quarter a year ago, actual revenue was $11.79M, up 49.00% 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 11.70% from the average revenue estimate for this year.