Solid Power Inc (NASDAQ:SLDP) price on Thursday, February 27, rose 0.83% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.22.
A look at the stock’s price movement, the close in the last trading session was $1.21. Turning to its 52-week performance, $2.70 and $1.00 were the 52-week high and 52-week low respectively. Overall, SLDP moved -18.12% over the past month.
Solid Power Inc’s market cap currently stands at around $220.07 million, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 10.8M for the company’s revenue for the quarter, with a low and high estimate of 10.8M and 10.8M respectively. The average forecast suggests up to a 81.42% 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 34.2M, representing a 69.82% 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 50% Sell. On the other hand, the stock is on average a 50% Buy 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 -9.23% and -19.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.18, while 7-day volatility ratio is 7.80% and 7.20% in the 30-day chart. Further, Solid Power Inc (SLDP) has a beta value of 1.43, and an average true range (ATR) of 0.12.
If we refocus on Solid Power Inc (NASDAQ:SLDP), historical trading data shows that trading volumes averaged 4.80 million over the past 3 months. The company’s latest data on shares outstanding shows there are 179.63 million shares.
The 22.47% of Solid Power Inc’s shares are in the hands of company insiders while institutional holders own 24.16% of the company’s shares. Current price change has pushed the stock -35.45% 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.
