Market Recap: Solid Power Inc (SLDP)’s Negative Momentum, Closing at 1.66

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The closing price of Solid Power Inc (NASDAQ: SLDP) was $1.66 for the day, down -1.19% from the previous closing price of $1.68. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 1.31 million shares were traded. SLDP stock price reached its highest trading level at $1.7 during the session, while it also had its lowest trading level at $1.63.


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 9.35 and its Current Ratio is at 9.35. 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 May 21 ’24 when Buettner-Garrett Joshua sold 187,500 shares for $1.68 per share. The transaction valued at 315,075 led to the insider holds 687,473 shares of the business.

Buettner-Garrett Joshua sold 187,500 shares of SLDP for $348,900 on Apr 03 ’24. The Chief Technology Officer now owns 692,993 shares after completing the transaction at $1.86 per share. On Mar 18 ’24, another insider, Buettner-Garrett Joshua, who serves as the Chief Technology Officer of the company, sold 187,500 shares for $1.36 each. As a result, the insider received 254,700 and left with 336,539 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 293896352 and an Enterprise Value of 156567184. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.02 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 8.0 whereas that against EBITDA is -1.922.

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 -5.60%, while the 200-Day Moving Average is calculated to be 0.82%.

Shares Statistics:

SLDP traded an average of 2.27M shares per day over the past three months and 1252310 shares per day over the past ten days. A total of 179.01M shares are outstanding, with a floating share count of 135.99M. Insiders hold about 23.19% of the company’s shares, while institutions hold 23.00% stake in the company. Shares short for SLDP as of 1715731200 were 15566898 with a Short Ratio of 6.85, compared to 1713139200 on 15483306. Therefore, it implies a Short% of Shares Outstanding of 15566898 and a Short% of Float of 8.979999.

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