Solid Power Inc [NASDAQ: SLDP] stock went on an upward path that rose over 6.76% on Friday, amounting to a one-week price increase of more than 13.33%.
Over the last 12 months, SLDP stock rose by 71.32%. The one-year Solid Power Inc stock forecast points to a potential upside of 11.6. The average equity rating for SLDP stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $425.62 million, with 179.63 million shares outstanding and 139.81 million shares in the current float. Compared to the average trading volume of 3.53M shares, SLDP stock reached a trading volume of 11767441 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Solid Power Inc [SLDP]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLDP shares is $2.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLDP stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Solid Power Inc shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on September 05, 2024. The new note on the price target was released on June 08, 2023, representing the official price target for Solid Power Inc stock. Previously, the target price had yet another raise to $5, while Needham analysts kept a Buy rating on SLDP stock.
The Average True Range (ATR) for Solid Power Inc is set at 0.21, with the Price to Sales ratio for SLDP stock in the period of the last 12 months amounting to 23.61. The Price to Book ratio for the last quarter was 0.90, with the Price to Cash per share for the same quarter was set at 0.69.
SLDP Stock Performance Analysis:
Solid Power Inc [SLDP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.33. With this latest performance, SLDP shares gained by 95.58% in over the last four-week period, additionally plugging by 30.77% over the last 6 months – not to mention a rise of 71.32% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLDP stock in for the last two-week period is set at 76.57, with the RSI for the last a single of trading hit 77.94, and the three-weeks RSI is set at 74.31 for Solid Power Inc [SLDP]. The present Moving Average for the last 50 days of trading for this stock 1.26, while it was recorded at 2.09 for the last single week of trading, and 1.53 for the last 200 days.
Insight into Solid Power Inc Fundamentals:
Solid Power Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.88 and a Current Ratio set at 6.88.
Solid Power Inc [SLDP] Institutonal Ownership Details
There are presently around $26.56%, or 32.65%% of SLDP stock, in the hands of institutional investors. The top three institutional holders of SLDP stocks are: BLACKROCK INC. with ownership of 10.43 million shares, which is approximately 5.7668%. VANGUARD GROUP INC, holding 7.35 million shares of the stock with an approximate value of $$12.12 million in SLDP stocks shares; and VANGUARD GROUP INC, currently with $$7.5 million in SLDP stock with ownership which is approximately 2.5141%.
