Solid Power Inc [NASDAQ: SLDP] closed the trading session at $1.54.
The stocks have a year to date performance of -18.25 percent and weekly performance of -23.13 percent. The stock has been moved at -28.47 percent over the last six months. The stock has performed 35.53 percent around the most recent 30 days and changed 19.77 percent over the most recent 3-months.
If compared to the average trading volume of 4.20M shares, SLDP reached to a volume of 5352642 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about 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 0.22, with the Price to Sales ratio for SLDP stock in the period of the last 12 months amounting to 15.46. The Price to Book ratio for the last quarter was 0.63, with the Price to Cash per share for the same quarter was set at 0.73.
SLDP stock trade performance evaluation
Solid Power Inc [SLDP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -23.13. With this latest performance, SLDP shares gained by 35.53% in over the last four-week period, additionally sinking by -28.47% over the last 6 months – not to mention a rise of 19.77% 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 47.81, with the RSI for the last a single of trading hit 41.17, and the three-weeks RSI is set at 50.75 for Solid Power Inc [SLDP]. The present Moving Average for the last 50 days of trading for this stock 1.3332, while it was recorded at 1.7630 for the last single week of trading, and 1.5311 for the last 200 days.
Solid Power Inc [SLDP]: An insightful look at the core 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]: Institutional Ownership
There are presently around $26.54%, or 32.63%% 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%.
