Let’s look at the key reasons that are pushing Solid Power Inc (SLDP) to new highs

On Friday, Solid Power Inc (NASDAQ: SLDP) was 9.22% up from the session before settling in for the closing price of $1.41. A 52-week range for SLDP has been $1.10 – $2.35.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 137.11%. When this article was written, the company’s average yearly earnings per share was at -37.84%. With a float of $137.52 million, this company’s outstanding shares have now reached $179.01 million.

Considering the fact that the conglomerate employs 270 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -23.03%, operating margin of -505.78%, and the pretax margin is -390.83%.

Solid Power Inc (SLDP) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Solid Power Inc stocks. The insider ownership of Solid Power Inc is 23.16%, while institutional ownership is 23.06%. The most recent insider transaction that took place on Aug 19 ’24, was worth 267,056. In this transaction Chief Technology Officer of this company sold 187,500 shares at a rate of $1.42, taking the stock ownership to the 683,057 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Officer proposed sale 187,500 for $1.43, making the entire transaction worth $268,125.

Solid Power Inc (SLDP) Recent Fiscal highlights

Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted -0.08 earnings per share (EPS) during the time that was better than consensus figure (set at -0.13) by 0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.13 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -37.84% per share during the next fiscal year.

Solid Power Inc (NASDAQ: SLDP) Trading Performance Indicators

You can see what Solid Power Inc (SLDP) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 7.01. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.96.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.44, a number that is poised to hit -0.14 in the next quarter and is forecasted to reach -0.50 in one year’s time.

Technical Analysis of Solid Power Inc (SLDP)

Compared to the last year’s volume of 2.65 million, its volume of 1.16 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 75.10%. Additionally, its Average True Range was 0.10.

During the past 100 days, Solid Power Inc’s (SLDP) raw stochastic average was set at 24.30%, which indicates a significant decrease from 68.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 110.12% in the past 14 days, which was higher than the 68.14% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.7081, while its 200-day Moving Average is $1.6092. Nevertheless, the first resistance level for the watch stands at $1.5933 in the near term. At $1.6467, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.7333. If the price goes on to break the first support level at $1.4533, it is likely to go to the next support level at $1.3667. Now, if the price goes above the second support level, the third support stands at $1.3133.

Solid Power Inc (NASDAQ: SLDP) Key Stats

There are 177,046K outstanding shares of the company, which has a market capitalization of 275.60 million. As of now, sales total 17,410 K while income totals -65,550 K. Its latest quarter income was 5,080 K while its last quarter net income were -22,270 K.