Following The Money: Institution’s Growing Stake In Solid Power Inc (NASDAQ: SLDP)

Solid Power Inc (SLDP) concluded trading on Thursday at a closing price of $1.60, with 2.94 million shares of worth about $4.7 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -39.85% during that period and on Thursday the price saw a gain of about 3.90%. Currently the company’s common shares owned by public are about 176.01M shares, out of which, 131.70M shares are available for trading.

However, the stock later moved at a day high price of 1.6310, or with a gain of 3.90%. Stock saw a price change of -10.11% in past 5 days and over the past one month there was a price change of 15.94%. Year-to-date (YTD), SLDP shares are showing a performance of 10.34% which decreased to -52.94% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $1.10 but also hit the highest price of $3.77 during that period. The average intraday trading volume for Solid Power Inc shares is 3.75 million. The stock is currently trading 11.50% above its 20-day simple moving average (SMA20), while that difference is up 13.41% for SMA50 and it goes to -17.18% lower than SMA200.

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Solid Power Inc (NASDAQ: SLDP) currently have 176.01M outstanding shares and institutions hold larger chunk of about 23.20% of that.

The stock has a current market capitalization of $285.50M 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 10.39% while standing at 11.11% over the month.

Analysts are in expectations that Solid Power Inc (SLDP) stock would likely to be making an EPS of -$0.12 in the current quarter, while forecast for next quarter EPS is -$0.09 and it is -$0.44 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 -7.81% in next year.

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.

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