Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
The closing price of Solid Power Inc (NASDAQ: SLDP) was $1.68 for the day, down -1.75% from the previous closing price of $1.71. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 1.63 million shares were traded. SLDP stock price reached its highest trading level at $1.81 during the session, while it also had its lowest trading level at $1.6625.
Ratios:
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 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:
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 Apr 03 ’24 when Buettner-Garrett Joshua sold 187,500 shares for $1.86 per share. The transaction valued at 348,900 led to the insider holds 692,993 shares of the business.
Buettner-Garrett Joshua sold 187,500 shares of SLDP for $254,700 on Mar 18 ’24. The Chief Technology Officer now owns 336,539 shares after completing the transaction at $1.36 per share. On Feb 07 ’24, another insider, Buettner-Garrett Joshua, who serves as the Chief Technology Officer of the company, sold 187,500 shares for $1.58 each. As a result, the insider received 296,062 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 308293440 and an Enterprise Value of 137745264. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.47 while its Price-to-Book (P/B) ratio in mrq is 0.60. Its current Enterprise Value per Revenue stands at 7.912 whereas that against EBITDA is -1.751.
Stock Price History:
The Beta on a monthly basis for SLDP is 1.79, which has changed by -0.20754719 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. 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 2.24%, while the 200-Day Moving Average is calculated to be -4.47%.
Shares Statistics:
SLDP traded an average of 2.95M shares per day over the past three months and 1650390 shares per day over the past ten days. A total of 179.01M shares are outstanding, with a floating share count of 132.12M. Insiders hold about 27.04% of the company’s shares, while institutions hold 24.75% stake in the company. Shares short for SLDP as of 1713139200 were 15483306 with a Short Ratio of 5.25, compared to 1710460800 on 14304307. Therefore, it implies a Short% of Shares Outstanding of 15483306 and a Short% of Float of 8.77.
Earnings Estimates
The dynamic stock of Solid Power Inc (SLDP) is currently being evaluated by a team of 3.0 analysts, each contributing to its current rating.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 5.0 analysts recommending between -$0.2 and -$0.62.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. 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 $3.79MFor the next quarter, 3 analysts are estimating revenue of $5.07M. 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 $17.41MBased 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.
