During the last session, Solid Power Inc (NASDAQ:SLDP)’s traded shares were 0.56 million, with the beta value of the company hitting 1.71. At the end of the trading day, the stock’s price was $1.08, reflecting an intraday gain of 1.42% or $0.02. The 52-week high for the SLDP share is $2.35, that puts it down -117.59 from that peak though still a striking 7.41% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $193.92M, and the average intraday trading volume over the past 10 days was 2.5 million shares, and the average trade volume was 1.61 million shares over the past three months.
Solid Power Inc (SLDP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.50. SLDP has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.13.
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Solid Power Inc (NASDAQ:SLDP) trade information
Solid Power Inc (SLDP) registered a 1.42% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.42% in intraday trading to $1.08, hitting a weekly high. The stock’s 5-day price performance is 1.42%, and it has moved by -10.42% in 30 days. Based on these gigs, the overall price performance for the year is -24.83%. The short interest in Solid Power Inc (NASDAQ:SLDP) is 15.9 million shares and it means that shorts have 13.42 day(s) to cover.
Solid Power Inc (SLDP) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -18.18% this quarter and then jump 16.67% in the quarter after that. In the rating firms’ projections, revenue will increase 0.52% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.85M as predicted by 2 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 10.8M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.35M and 5.95M respectively. In this case, analysts expect current quarter sales to grow by 64.04% and then jump by 81.42% in the coming quarter.
While earnings are projected to return -25.32% in 2024.
SLDP Dividends
Solid Power Inc is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Solid Power Inc (NASDAQ:SLDP)’s Major holders
Solid Power Inc insiders own 22.54% of total outstanding shares while institutional holders control 27.09%, with the float percentage being 34.97%. BLACKROCK INC. is the largest shareholder of the company, while 174.0 institutions own stock in it. As of 2024-06-30, the company held over 10.43 million shares (or 5.7668% of all shares), a total value of $17.2 million in shares.
The next largest institutional holding, with 7.35 million shares, is of VANGUARD GROUP INC’s that is approximately 4.0646% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $12.12 million.
Also, the Mutual Funds coming in first place with the largest holdings of Solid Power Inc (SLDP) shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. Data provided on Sep 30, 2024 indicates that iShares Russell 2000 ETF owns about 4.03 shares. This amounts to just over 2.23 percent of the company’s overall shares, with a $4.29 million market value. The same data shows that the other fund manager holds slightly less at 3.93, or about 2.18% of the stock, which is worth about $4.19 million.
