After finishing at $1.85 in the prior trading day, Solid Power Inc (NASDAQ: SLDP) closed at $1.84, down -0.54%. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 1491676 shares were traded.
Ratios:
Our goal is to gain a better understanding of SLDP by taking a closer 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 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 333.21M and an Enterprise Value of 166.72M. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.14 while its Price-to-Book (P/B) ratio in mrq is 0.65. Its current Enterprise Value per Revenue stands at 9.58 whereas that against EBITDA is -3.16.
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 1.6283, while the 200-Day Moving Average is calculated to be 1.8237.
Shares Statistics:
The stock has traded on average 3.87M shares per day over the past 3-months and 3.67M shares per day over the last 10 days, according to various share statistics. A total of 179.01M shares are outstanding, with a floating share count of 131.40M. Insiders hold about 27.44% 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 3.70, 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
Its stock is currently analyzed by 3 different market 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.
