Future Outlook And Stock Price Performance For Solid Power Inc (NASDAQ: SLDP)

In today’s recent session, 0.86 million shares of the Solid Power Inc (NASDAQ:SLDP) have been traded, and its beta is 1.84. Most recently the company’s share price was $2.18, and it changed around $0.02 or 1.16% from the last close, which brings the market valuation of the company to $386.85M. SLDP at last check was trading at a discount to its 52-week high of $2.97, offering almost -36.24% off that amount. The share price’s 52-week low was $1.10, which indicates that the recent value has risen by an impressive 49.54% since then. We note from Solid Power Inc’s average daily trading volume that its 3-month average coming to 1.88 million.

Solid Power Inc (NASDAQ:SLDP) trade information

Instantly SLDP has been showing a green trend so far today with a performance of 1.16% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 50.69% year-to-date, but still up 27.78% over the last five days. On the other hand, Solid Power Inc (NASDAQ:SLDP) is 29.29% up in the 30-day period.

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Solid Power Inc (SLDP) estimates and forecasts

The year-over-year growth rate is expected to be 29.80%, up from the previous year.

Consensus estimates provided by 4 financial analysts predict the company will bring in an average of 9.33M in revenue for the current quarter. 4 analysts expect Solid Power Inc to make 3.56M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.91M and 6.37M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 90.20%. Forecasts for the next quarter put sales growth at -44.10%.

SLDP Dividends

Solid Power Inc’s next quarterly earnings report is expected to be released in August.

Solid Power Inc (NASDAQ:SLDP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 22.95% of Solid Power Inc shares, and 26.26% of them are in the hands of institutional investors. The stock currently has a share float of 34.08%. Solid Power Inc stock is held by 173 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 31, 2024, it held 5.95% of the shares, which is about 10.54 shares worth $22.83 million.

Vanguard Group Inc, with 4.12% or 7.3 shares worth $15.8 million as of Mar 31, 2024, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF were the top two Mutual Funds as of Mar 31, 2024. The former held 3.93 shares worth $8.51 million, making up 2.22% of all outstanding shares. On the other hand, iShares Russell 2000 ETF held roughly 3.58 shares worth around $7.75 million, which represents about 2.02% of the total shares outstanding.