Wolfe Research lifts Solid Power Inc [SLDP] price estimate. Who else is bullish?

GBS Stock

Solid Power Inc [NASDAQ: SLDP] surged by $0.55 during the normal trading session on Friday and reaching a high of $3.86 during the day while it closed the day at $3.77.

Solid Power Inc stock has also gained 51.41% of its value over the past 7 days. However, SLDP stock has inclined by 255.66% in the 3 months of the year. Over the past six months meanwhile, it has gained 128.48% and gained 68.30% year-on date.

The market cap for SLDP stock reached $676.20 million, with 182.45 million shares outstanding and 134.21 million shares in the current float. Compared to the average trading volume of 5.74M shares, SLDP reached a trading volume of 25857181 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 $2.00 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 1.73, with the Price to Cash per share for the same quarter was set at 1.34.

SLDP stock trade performance evaluation

Solid Power Inc [SLDP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 51.41. With this latest performance, SLDP shares gained by 95.34% in over the last four-week period, additionally plugging by 128.48% over the last 6 months – not to mention a rise of 99.47% 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 81.91, with the RSI for the last a single of trading hit 0.31, and the three-weeks RSI is set at 0.25 for Solid Power Inc [SLDP]. The present Moving Average for the last 50 days of trading for this stock 1.91, while it was recorded at 3.19 for the last single week of trading, and 1.43 for the last 200 days.

Solid Power Inc [SLDP]: An insightful look at the core fundamentals

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%.

Solid Power Inc (SLDP) Capital Structure & Debt Analysis

According to recent financial data for Solid Power Inc. ( SLDP), the Return on Equity (ROE) stands at -20.64%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -19.34%, reflecting the company’s efficiency in generating profits from its assets. Additionally, Solid Power Inc’s Return on Invested Capital (ROIC) is -22.33%, showcasing its effectiveness in deploying capital for earnings.

Solid Power Inc (SLDP) Efficiency & Liquidity Metrics

Based on Solid Power Inc’s (SLDP) latest financial statements, the Debt-to-Equity Ratio is 0.02%, indicating its reliance on debt financing relative to shareholder equity.

Solid Power Inc (SLDP) Efficiency & Liquidity Metrics

From an operational efficiency perspective, Solid Power Inc. (SLDP) effectively leverages its workforce, generating an average of -$347923.08 per employee. The company’s liquidity position is robust, with a Current Ratio of 23.90% and a Quick Ratio of 23.90%, indicating strong ability to cover short-term liabilities.

Earnings per share (EPS) analysis for Solid Power Inc [SLDP] stock

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]: Institutional Ownership

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%.

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