Solid Power Inc (SLDP) Shares Are Down -23.83% So Far This Year

Solid Power Inc (NASDAQ:SLDP) has a beta value of 1.81 and has seen 1.43 million shares traded in the last trading session. The company, currently valued at $309.66M, closed the last trade at $1.71 per share which meant it gained $0.07 on the day or 4.27% during that session. The SLDP stock price is -87.13% off its 52-week high price of $3.20 and 35.67% above the 52-week low of $1.10. The 3-month trading volume is 3.00 million shares.

Solid Power Inc (NASDAQ:SLDP) trade information

Sporting 4.27% in the green in last session, the stock has traded in the green over the last five days, when the SLDP stock price touched $1.71 or saw a rise of 4.47%. Year-to-date, Solid Power Inc shares have moved 17.93%, while the 5-day performance has seen it change 4.27%. Over the past 30 days, the shares of Solid Power Inc (NASDAQ:SLDP) have changed -10.94%.

Solid Power Inc (SLDP) estimates and forecasts

Figures show that Solid Power Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 22.14% over the past 6 months, with this year growth rate of -13.51%, compared to 12.90% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are 18.20% and -28.60% for the next quarter. Revenue growth from the last financial year stood is estimated to be 22.50%.

3 analysts offering their estimates for the company have set an average revenue estimate of $4.83 million for the current quarter. 3 have an estimated revenue figure of $5.07 million for the next quarter concluding in Jun 2024. Year-ago sales stood $3.79 million and $4.91 million respectively for this quarter and the next, and analysts expect sales will grow by 27.40% for the current quarter and 3.30% for the next.

SLDP Dividends

Solid Power Inc is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.