Solid Power Inc [NASDAQ: SLDP] gained 0.46% or 4049997.81 points to close at $4050000.0 with a heavy trading volume of 6966880 shares.
It opened the trading session at $2.135, the shares rose to $2.3 and dropped to $2.05, the range by which the price of stock traded the whole day. The daily chart for SLDP points out that the company has recorded 12.82% gains over the past six months.
If we look at the average trading volume of 4.05M shares, SLDP reached to a volume of 6966880 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $2.00 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 Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 1.34.
Trading performance analysis for SLDP stock
Solid Power Inc [SLDP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 17.65. With this latest performance, SLDP shares gained by 41.03% in over the last four-week period, additionally plugging by 12.82% over the last 6 months – not to mention a rise of 16.40% in the past year of trading.
Solid Power Inc [SLDP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Solid Power Inc [SLDP] shares currently have an operating margin of -512.73% and a Gross Margin at -16.27%. Solid Power Inc’s Net Margin is presently recorded at -447.80%.
Return on Equity for this stock declined to -19.34%, with Return on Assets sitting at -19.34%.
Solid Power Inc [SLDP]: An earnings per share (EPS) analysis
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%.
An analysis of Institutional ownership at Solid Power Inc [SLDP]
There are presently around $28.55%, or 35.59%% 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 5.8706%. 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%.
