In the latest trading session, 1.44 million Solid Power Inc (NASDAQ:SLDP) shares changed hands as the company’s beta touched 1.66. With the company’s most recent per share price at $1.47 changing hands around $0.05 or 3.46% at last look, the market valuation stands at $265.01M. SLDP’s current price is a discount, trading about -59.86% off its 52-week high of $2.35. The share price had its 52-week low at $1.00, which suggests the last value was 31.97% up since then. When we look at Solid Power Inc’s average trading volume, we note the 10-day average is 3.38 million shares, with the 3-month average coming to 1.90 million.
Analysts gave the Solid Power Inc (SLDP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.67. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended SLDP as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Solid Power Inc’s EPS for the current quarter is expected to be -0.12.
Solid Power Inc (NASDAQ:SLDP) trade information
Instantly SLDP is in green as seen in intraday trades today. With action 34.78%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 1.32%, with the 5-day performance at 34.78% in the green. However, in the 30-day time frame, Solid Power Inc (NASDAQ:SLDP) is 33.55% up. Looking at the short shares, we see there were 14.73 million shares sold at short interest cover period of 7.56 days.
Solid Power Inc (SLDP) estimates and forecasts
Year-over-year growth is forecast to reach 0.52% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 3.85M. 1 analysts are of the opinion that Solid Power Inc’s revenue for the current quarter will be 10.8M. The company’s revenue for the corresponding quarters a year ago was 2.35M and 5.95M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 64.04%. The estimates for the next quarter sales put growth at 81.42%.
The 2024 estimates are for Solid Power Inc earnings to decrease by -29.73%.
SLDP Dividends
Solid Power Inc is expected to release its next quarterly earnings report in January.
Solid Power Inc (NASDAQ:SLDP)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 22.54% of Solid Power Inc shares while 26.56% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 34.29%. There are 26.56% institutions holding the Solid Power Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 5.7668% of the shares, roughly 10.43 million SLDP shares worth $17.2 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 4.0646% or 7.35 million shares worth $12.12 million as of 2024-06-30.
Among Mutual Funds, the top two as of Oct 31, 2024 were iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. With 3.98 shares estimated at $5.93 million under it, the former controlled 2.21% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 2.18% of the shares, roughly 3.93 shares worth around $5.86 million.
