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Are we looking at the next big move in Solid Power Inc (SLDP)?

Solid Power Inc (NASDAQ: SLDP) is 37.24% 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 $1.88 in the last trading session, with the day’s gains setting it 0.11%.

Currently trading at $1.99, the stock is 15.76% and 19.23% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.62 million and changing 5.85% at the moment leaves the stock 16.54% off its SMA200. SLDP registered 0.51% gain for a year compared to 6-month gain of 47.41%.

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The stock witnessed a 25.95% loss in the last 1 month and extending the period to 3 months gives it a 23.60%, and is 11.17% 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 7.33% over the week and 6.99% over the month.

Solid Power Inc (SLDP) has around 270 employees, a market worth around $352.33M and $19.57M in sales. Profit margin for the company is -345.37%. Distance from 52-week low is 80.50% and -37.81% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.86%).

The EPS is expected to shrink by -11.35% this year.

Solid Power Inc (SLDP) Top Institutional Holders

The shares outstanding are 179.01M, and float is at 136.62M with Short Float at 11.67%.

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 Apr 03 ’24 at a price of $1.86 per share for a total of $0.35 million. Following the sale, the insider now owns 0.69 million shares.

Solid Power Inc disclosed in a document filed with the SEC on Mar 18 ’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 Mar 18 ’24 and was made at $1.36 per share for $0.25 million. Following the transaction, the insider now directly holds 0.34 million shares of the SLDP stock.

Still, SEC filings show that on Feb 07 ’24, Buettner-Garrett Joshua (Chief Technology Officer) disposed off 187,500 shares at an average price of $1.58 for $0.3 million. The insider now directly holds 356,433 shares of Solid Power Inc (SLDP).

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