Wolfe Research has recently resumed Solid Power Inc (SLDP) stock to Underperform rating, as announced on September 5, 2024, according to Finviz. Earlier, on June 8, 2023, Wolfe Research had reduced the stock from a Peer Perform to Underperform, setting a price target of $2. Needham also resumed Buy rating with a price target of $5. Additionally, Citigroup initiated Neutral rating on December 14, 2022, with a target price of $3. Stifel analysts, in their report published on December 2, 2022, also initiated Hold rating and set a price target of $5 for Solid Power Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Solid Power Inc (SLDP) Stock Trading Recap
On Monday, Solid Power Inc (SLDP) stock saw a modest uptick, ending the day at $1.16 which represents no change from the prior close of of $1.16. The stock opened at $1.15 and touched a low of $1.11 during the day, reaching a high of $1.18. The volume of shares traded was 2.54 million exceeding the average volume of 1.47 million.
SLDP Stock Performance and Moving Averages
In recent trading, Solid Power Inc (SLDP) stock price has shown some volatility, fluctuating -0.43% over the last five trades and -9.69% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -38.03%, and it has plunged by -19.10% in the previous three months. Currently, SLDP is trading at -4.25%, -8.32%, and -26.28% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, SLDP, a Consumer Cyclical sector stock, is trading -50.43% below its 52-week high but remains 9.91% above its 52-week low. The Average True Range (ATR) (14 days) of 0.06 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Solid Power Inc’s Profitability and Valuation Ratios
Solid Power Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of -587.71% and a profit margin of -471.22%, with a gross margin of -38.03%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Solid Power Inc’s market capitalization stands at $204.96 million. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. Additionally, the Price-to-Sales Ratio is 11.37, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.48, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 22.96% of Solid Power Inc (SLDP)’s shares, while financial institutions hold 23.09%.
Notable insider trades include Buettner-Garrett Joshua, Chief Technology Officer at Solid Power Inc (SLDP), who sold 187500 shares on Oct 07 ’24, at $1.26 each, totaling $0.24 million. On Sep 10 ’24, Buettner-Garrett Joshua, Chief Technology Officer, sold 187500 shares for $1.21 each, amounting to $0.23 million. Additionally, on Aug 19 ’24, Buettner-Garrett Joshua sold 187500 shares at $1.42 each, generating $0.27 million.
