Solid Power Inc [NASDAQ: SLDP] stock went on an upward path that rose over 9.04% on Wednesday, amounting to a one-week price increase of more than 36.09%.
Over the last 12 months, SLDP stock rose by 10.37%. The one-year Solid Power Inc stock forecast points to a potential upside of 9.5. The average equity rating for SLDP stock is currently 1.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $324.64 million, with 182.45 million shares outstanding and 133.91 million shares in the current float. Compared to the average trading volume of 2.07M shares, SLDP stock reached a trading volume of 8449226 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 $2.00 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 1.00. 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 0.11, with the Price to Sales ratio for SLDP stock in the period of the last 12 months amounting to 16.07. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 1.34.
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 36.09. With this latest performance, SLDP shares gained by 60.18% in over the last four-week period, additionally plugging by 69.16% over the last 6 months – not to mention a rise of 10.37% 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 81.48, with the RSI for the last a single of trading hit 86.12, and the three-weeks RSI is set at 76.60 for Solid Power Inc [SLDP]. The present Moving Average for the last 50 days of trading for this stock 1.1800, while it was recorded at 1.5260 for the last single week of trading, and 1.2932 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 23.90 and a Current Ratio set at 23.90.
SLDP Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SLDP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Solid Power Inc go to 17.79%.
Solid Power Inc [SLDP] Institutonal Ownership Details
The top three institutional holders of SLDP stocks are: BLACKROCK INC. with ownership of 10.43 million shares, which is approximately 5.8706%. 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 2.5594%.
