Insider’s View: Deciphering Solid Power Inc (SLDP)’s Financial Health Through Ratios

Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.

The price of Solid Power Inc (NASDAQ: SLDP) closed at $1.79 in the last session, down -6.28% from day before closing price of $1.91. In other words, the price has decreased by -$6.28 from its previous closing price. On the day, 1.76 million shares were traded. SLDP stock price reached its highest trading level at $1.93 during the session, while it also had its lowest trading level at $1.79.


We take a closer look at SLDP’s different ratios to gain a better understanding of the stock. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 322715520 and an Enterprise Value of 157665376. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.62 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 9.056 whereas that against EBITDA is -2.004.

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 8.03%, while the 200-Day Moving Average is calculated to be 3.65%.

Shares Statistics:

According to the various share statistics, SLDP traded on average about 2.55M shares per day over the past 3-months and 1660830 shares per day over the past 10 days. A total of 179.01M shares are outstanding, with a floating share count of 144.42M. Insiders hold about 20.25% of the company’s shares, while institutions hold 24.62% stake in the company. Shares short for SLDP as of 1713139200 were 15483306 with a Short Ratio of 6.08, 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 market rating of Solid Power Inc (SLDP) is currently shaped by the ongoing analysis conducted by 3.0 analysts closely monitoring its performance.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

According to 3 analysts, the current quarter’s revenue is expected to be $4.83M. 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.

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