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Why Solid Power Inc (SLDP) Stock Could See Much Higher Prices Ahead

Solid Power Inc (NASDAQ: SLDP) is 31.72% higher on its value in year-to-date trading and has touched a low of $1.10 and a high of $3.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SLDP stock was last observed hovering at around $1.98 in the last trading session, with the day’s loss setting it -0.07%.

Currently trading at $1.91, the stock is 22.08% and 20.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.88 million and changing -3.54% at the moment leaves the stock 4.16% off its SMA200. SLDP registered -34.36% loss for a year compared to 6-month loss of -5.45%. The firm has a 50-day simple moving average (SMA 50) of $10.30 and a 200-day simple moving average (SMA200) of -$3.40.

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The stock witnessed a 16.46% gain in the last 1 month and extending the period to 3 months gives it a 31.72%, and is 20.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.72% over the week and 8.17% over the month.

Solid Power Inc (SLDP) has around 270 employees, a market worth around $345.88M and $17.41M in sales. Profit margin for the company is -376.47%. Distance from 52-week low is 73.24% and -40.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-12.81%).

Solid Power Inc quarterly earnings per share for the current quarter are estimated at -$0.09 with sales reaching $4.83M over the same period.The EPS is expected to shrink by -16.22% this year, but quarterly earnings will post 22.50% year-over-year. Quarterly sales are estimated to grow 27.40% in year-over-year returns.

Solid Power Inc (SLDP) Top Institutional Holders

173 institutions hold shares in Solid Power Inc (SLDP), with institutional investors hold 34.63% of the company’s shares. The shares outstanding are 179.01M, and float is at 131.37M with Short Float at 10.89%. Institutions hold 27.36% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 11.13 million shares valued at $28.26 million. The investor’s holdings represent 6.24% of the SLDP Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 5.95 million shares valued at $15.11 million to account for 3.33% of the shares outstanding. The other top investors are Riverstone Holdings Llc which holds 4.74 million shares representing 2.66% and valued at over $12.04 million, while Invesco Ltd. holds 2.52% of the shares totaling 4.5 million with a market value of $11.43 million.

Solid Power Inc (SLDP) Insider Activity

The most recent transaction is an insider sale by Buettner-Garrett Joshua,the company’sChief Technology Officer. SEC filings show that Buettner-Garrett Joshua sold 187,500 shares of the company’s common stock on Mar 18 ’24 at a price of $1.36 per share for a total of $0.25 million. Following the sale, the insider now owns 0.34 million shares.

Solid Power Inc disclosed in a document filed with the SEC on Feb 07 ’24 that Buettner-Garrett Joshua (Chief Technology Officer) sold a total of 187,500 shares of the company’s common stock. The trade occurred on Feb 07 ’24 and was made at $1.58 per share for $0.3 million. Following the transaction, the insider now directly holds 0.36 million shares of the SLDP stock.

Still, SEC filings show that on Jan 11 ’24, Buettner-Garrett Joshua (Chief Technology Officer) disposed off 187,500 shares at an average price of $1.29 for $0.24 million. The insider now directly holds 356,433 shares of Solid Power Inc (SLDP).

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