In today’s recent session, 16.03 million shares of the Solid Power Inc (NASDAQ:SLDP) have been traded, and its beta is 1.53. Most recently the company’s share price was $2.14, and it changed around $0.01 or 0.43% from the last close, which brings the market valuation of the company to $421.51M. SLDP at last check was trading at a discount to its 52-week high of $2.70, offering almost -26.17% off that amount. The share price’s 52-week low was $1.00, which indicates that the recent value has risen by an impressive 53.27% since then. We note from Solid Power Inc’s average daily trading volume that its 10-day average is 9.85 million shares, with the 3-month average coming to 2.92 million.
Solid Power Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 1 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 1 recommended SLDP as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Solid Power Inc is expected to report earnings per share of -0.12 for the current quarter.
Solid Power Inc (NASDAQ:SLDP) trade information
Instantly SLDP has been showing a green trend so far today with a performance of 0.43% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.70 on recent trading dayincreased the stock’s daily price by 20.74%. The company’s shares are currently up 47.53% year-to-date, but still up 64.55% over the last five days. On the other hand, Solid Power Inc (NASDAQ:SLDP) is 91.00% up in the 30-day period. We can see from the shorts that 14.94 million shares have been sold at a short interest cover period of 8.29 day(s).
Solid Power Inc (SLDP) estimates and forecasts
The year-over-year growth rate is expected to be 0.52%, up from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 3.85M in revenue for the current quarter. 1 analysts expect Solid Power Inc to make 10.8M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.35M and 5.95M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 64.04%. Forecasts for the next quarter put sales growth at 81.42%.
SLDP Dividends
Solid Power Inc’s next quarterly earnings report is expected to be released in January.
Solid Power Inc (NASDAQ:SLDP)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 22.54% of Solid Power Inc shares, and 26.56% of them are in the hands of institutional investors. The stock currently has a share float of 34.29%. Solid Power Inc stock is held by 173.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 5.7668% of the shares, which is about 10.43 million shares worth $17.2 million.
VANGUARD GROUP INC, with 4.0646% or 7.35 million shares worth $12.12 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 31, 2024. The former held 3.98 shares worth $8.52 million, making up 2.21% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 3.93 shares worth around $8.41 million, which represents about 2.18% of the total shares outstanding.
