Solid Power Inc (NASDAQ:SLDP) price on Thursday, November 14, fall -6.19% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.06.
A look at the stock’s price movement, the close in the last trading session was $1.13, moving within a range at $1.06 and $1.145. The beta value (5-Year monthly) was 1.747. Turning to its 52-week performance, $2.35 and $1.06 were the 52-week high and 52-week low respectively. Overall, SLDP moved -17.19% over the past month.
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Solid Power Inc’s market cap currently stands at around $191.21 million, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 3.85M for the company’s revenue for the quarter, with a low and high estimate of 3M and 4.7M respectively. The average forecast suggests up to a 64.04% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 17.5M, representing a 0.52% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SLDP is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend SLDP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SLDP’s current price about -10.83% and -15.65% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.16, while 7-day volatility ratio is 9.07% and 5.08% in the 30-day chart. Further, Solid Power Inc (SLDP) has a beta value of 1.71, and an average true range (ATR) of 0.07.
If we refocus on Solid Power Inc (NASDAQ:SLDP), historical trading data shows that trading volumes averaged 2.29 over the past 10 days and 1.55 million over the past 3 months. The company’s latest data on shares outstanding shows there are 179.01 million shares.
The 22.96% of Solid Power Inc’s shares are in the hands of company insiders while institutional holders own 23.63% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 15.9 million on 2024-10-31, giving us a short ratio of 13.42. The data shows that as of 2024-10-31 short interest in Solid Power Inc (SLDP) stood at 903.9999999999999 of shares outstanding, with shares short rising to 14.94 million registered in 2024-09-30. Current price change has pushed the stock -26.90% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SLDP stock continues to rise going into the next quarter.
