Solid Power Inc (SLDP) Is A Buy Stock For Small Caps – Analysts

Solid Power Inc (NASDAQ:SLDP) has a beta value of -71.47% and has seen 3.22 shares traded in the last trading session. The company, currently valued at $322.85M, closed the last trade at $1.98 per share which meant it lost -$0.02 on the day or 1.80% during that session. The SLDP stock price is -36.36% off its 52-week high price of $2.70 and 65.66% above the 52-week low of $0.68. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.51 million shares traded. The 3-month trading volume is 2.36 shares.

The consensus among analysts is that Solid Power Inc (SLDP) is Buy stock at the moment, with a recommendation rating of 58.72. 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.

Solid Power Inc (NASDAQ:SLDP) trade information

Sporting 1.80% in the green in last session, 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 $1.98 or saw a rise of 3.88%. Year-to-date, Solid Power Inc shares have moved 7.78%, while the 5-day performance has seen it change 1.69%. Over the past 30 days, the shares of Solid Power Inc (NASDAQ:SLDP) have changed 35.34%. Short interest in the company has seen 18.14 million shares shorted with days to cover at 6.07.

Solid Power Inc (SLDP) estimates and forecasts

The company’s shares have gained 65.14% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was – -27.17% over the past 5 years. Earnings growth for 2025 is a modest 9.26% while over the next 5 years, the company’s earnings are expected to increase by 17.79%.

SLDP Dividends

Solid Power Inc is expected to release its next earnings report on 2025-May-07 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

Insiders own 19.79% of the company shares, while shares held by institutions stand at 28.55% with a share float percentage of 35.59%. Investors are also buoyed by the number of investors in a company, with Solid Power Inc having a total of 179.0 institutions that hold shares in the company. 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 5.8706% 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 4.1378% of shares outstanding.

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