BlackRock Fund Advisors has recently announced that it has increased stake in Solid Power Inc (NASDAQ:SLDP) by 0.36%. After grabbing 9.97 million shares, the institutional investor is now in possession of 35300.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 5.59% having worth around $14.05 million. Moreover, The Vanguard Group, Inc. increased its share by 0.14 million to have a control over 5.91 million shares. And Geode Capital Management LLC raised its holdings to 0.21 million shares by acquiring 2.97 million shares or 1.67% of the stake.
Solid Power Inc (SLDP) concluded trading on 01/04/24 at a closing price of $1.42, with 4.29 million shares of worth about $6.09 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -42.74% during that period and on Thursday the price saw a gain of about 10.08%. Currently the company’s common shares owned by public are about 176.01M shares, out of which, 131.70M shares are available for trading.
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iShares Russell 2000 ETF, Invesco WilderHill Clean Energy E, and Vanguard Total Stock Market ETF are the top 3 mutual funds which are holding stakes in Solid Power Inc iShares Russell 2000 ETF is currently holding 3.64 million shares of worth totaling $5.14 million. The company recently came buying 1791.0 shares which brought its stake up to 2.04% of the company’s outstanding shares. Vanguard Total Stock Market ETF, after buying 3.19 million shares, have now control over 1.79% of the stake in the company. It holds 0.0 shares of worth $4.5 million.
Solid Power Inc (NASDAQ: SLDP) started trading at $1.31, above $0.02 from concluding price of the previous day. However, the stock later moved at a day high price of 1.4650, or with a gain of 10.08%. Stock saw a price change of -2.74% in past 5 days and over the past one month there was a price change of -8.39%. Year-to-date (YTD), SLDP shares are showing a performance of -2.07% which decreased to -40.08% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.20 but also hit the highest price of $3.86 during that period. The average intraday trading volume for Solid Power Inc shares is 2.30 million. The stock is currently trading 3.09% above its 20-day simple moving average (SMA20), while that difference is up 0.88% for SMA50 and it goes to -31.99% lower than SMA200.
BlackRock Fund Advisors acquired 9.97 million shares of Solid Power Inc having value of about $14.05 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 35300.0 shares in the company valued at close to $50126.0, or have control over 0.36% stake in the company. Solid Power Inc (NASDAQ: SLDP) currently have 176.01M outstanding shares and institutions hold larger chunk of about 23.33% of that. Holding of mutual funds in the company is about 12.84% while other institutional holders and individual stake holders have control over 27.68% and 10.53% of the stake respectively.
The stock has a current market capitalization of $253.38M and its 3Y-monthly beta is at 1.71. It has posted earnings per share of -$0.27 in the same period. It has Quick Ratio of 17.12 while making debt-to-equity ratio of 0.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SLDP, volatility over the week remained 8.31% while standing at 7.85% over the month.
Analysts are in expectations that Solid Power Inc (SLDP) stock would likely to be making an EPS of -$0.13 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is -$0.47 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.14 which is -$0.11 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -668.00% while it is estimated to decrease by -21.35% in next year.
Analysts at 5 brokerage firms have issued recommendations for the Solid Power Inc (SLDP)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 5 Wall Street analysts, 2 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on June 08, 2023 offering an Underperform rating for the stock and assigned a target price of $2 to it.
