Is Solid Power Inc (NASDAQ: SLDP) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Solid Power Full Year 2023 Results Reflect Strong Execution.

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Stocks Info

SLDP belongs to the Industrials sector of the NASDAQ while operating in the Electrical Equipment & Parts industry. At the end of the last regular session, the stock closed at $1.98 and fluctuated between $2.1000 as its day high and $1.9500 as its day low. The current market capitalization of Solid Power Inc is $358.56M. A total of 3.76 million shares were traded on the day, compared to an average of 3.91M shares.

In the most recent transaction, Buettner-Garrett Joshua sold 187,500 shares of SLDP for 1.36 per share on Mar 18 ’24. After the transaction, the Chief Technology Officer now owns 336,539 company shares. In a previous transaction on Feb 07 ’24, Buettner-Garrett Joshua sold 187,500 shares at 1.58 per share. SLDP shares that Chief Technology Officer owns now total 356,433.

Among the insiders who sold shares, Buettner-Garrett Joshua disposed of 187,500 shares on Jan 11 ’24 at a per-share price of $1.29. This resulted in the Chief Technology Officer holding 356,433 shares of SLDP after the transaction. In another insider transaction, Buettner-Garrett Joshua sold 187,500 shares at $1.47 per share on Dec 05 ’23. Company shares held by the Chief Technology Officer now total 206,433.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SLDP has a high of $3.20 and a low of $1.10.

As of this writing, SLDP has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.06 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.08 in the last quarter, which was 38.50% higher than expectations of -$0.13.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SLDP’s latest balance sheet shows that the firm has $589.33M in Cash & Short Term Investments as of fiscal 2021. There were $130.00k in debt and $8.37M in liabilities at the time. Its Book Value Per Share was $2.81, while its Total Shareholder’s Equity was $558.66M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SLDP is Buy with a score of 3.14.

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