When Does Solid Power Inc (SLDP) Become A Good Investment?

Solid Power Inc (NASDAQ:SLDP) has a beta value of 1.42 and has seen 1.17 million shares traded in the recent trading session. The company, currently valued at $268.77M, closed the recent trade at $1.49 per share which meant it gained $0.01 on the day or 0.68% during that session. The SLDP stock price is -81.21% off its 52-week high price of $2.70 and 32.89% above the 52-week low of $1.00.

The consensus among analysts is that Solid Power Inc (SLDP) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.13.

Solid Power Inc (NASDAQ:SLDP) trade information

Sporting 0.68% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SLDP stock price touched $1.49 or saw a rise of 5.69%. Year-to-date, Solid Power Inc shares have moved -21.16%, while the 5-day performance has seen it change 13.74%. Over the past 30 days, the shares of Solid Power Inc (NASDAQ:SLDP) have changed -10.24%.

Solid Power Inc (SLDP) estimates and forecasts

The company’s shares have gained 4.93% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 0.52%.

2 analysts offering their estimates for the company have set an average revenue estimate of 3.85M for the current quarter. 1 have an estimated revenue figure of 10.8M for the next ending quarter. Year-ago sales stood 2.35M and 5.95M respectively for this quarter and the next, and analysts expect sales will grow by 64.04% for the current quarter and 0.52% for the next.

Earnings growth for 2025 is a modest -33.78% while over the next 5 years, the company’s earnings are expected to decrease by -7.14%.

SLDP Dividends

Solid Power Inc is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are BLACKROCK INC. with over 10.43 million shares worth more than $17.2 million. As of 2024-06-30, BLACKROCK INC. held 5.7668% of shares outstanding.

The other major institutional holder is VANGUARD GROUP INC, with the holding of over 7.35 million shares as of 2024-06-30. The firm’s total holdings are worth over $12.12 million and represent 4.0646% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are iShares Russell 2000 ETF and Vanguard Total Stock Market Index Fund. As of Nov 30, 2024, the former fund manager holds about 2.39% shares in the company for having 4.32 shares of worth $6.41 million while later fund manager owns 3.93 shares of worth $5.84 million as of Sep 30, 2024, which makes it owner of about 2.18% of company’s outstanding stock.