Given A -30.43% Drop From High, Can Solid Power Inc (NASDAQ: SLDP) Quickly Recover?

ZM Stock

During the last session, Solid Power Inc (NASDAQ:SLDP)’s traded shares were 9.68 million, with the beta value of the company hitting 1.46. At the end of the trading day, the stock’s price was $2.07, reflecting an intraday gain of 9.52% or $0.18. The 52-week high for the SLDP share is $2.70, that puts it down -30.43 from that peak though still a striking 51.69% gain since the share price plummeted to a 52-week low of $1.00. The company’s market capitalization is $373.40M, and the average intraday trading volume over the past 10 days was 13.04 million shares, and the average trade volume was 3.39 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 2.00. 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.

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Solid Power Inc (NASDAQ:SLDP) trade information

Solid Power Inc (SLDP) registered a 9.52% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 9.52% in intraday trading to $2.07, hitting a weekly high. The stock’s 5-day price performance is 38.00%, and it has moved by 75.42% in 30 days. Based on these gigs, the overall price performance for the year is 54.48%. The short interest in Solid Power Inc (NASDAQ:SLDP) is 14.94 million shares and it means that shorts have 8.29 day(s) to cover.

While earnings are projected to return -33.78% in 2025.

SLDP Dividends

Solid Power Inc is due to release its next quarterly earnings in February. 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 18.66% of total outstanding shares while institutional holders control 26.56%, with the float percentage being 32.65%. BLACKROCK INC. is the largest shareholder of the company, while 173.0 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.