Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Solid Power Inc’s current trading price is -47.19% away from its 52-week high, while its distance from the 52-week low is 53.29%. The stock’s price range during this period has varied between $1.10 and $3.20. The company, active in the Consumer Cyclical sector, saw a trading volume of around 1.47 million for the day, considerably lower average daily volume of 1.73 million observed over the last three months.
Solid Power Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $3.20 on 07/12/23, and the lowest price during the same period was recorded at $1.10 on 01/22/24.
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How Financial Performance Impacts Market Capitalization
Solid Power Inc (SLDP) has experienced a quarterly decline of -8.15% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 299.21M and boasts a workforce of 270 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.6802, with a change in price of +0.1200. Similarly, Solid Power Inc recorded 2,203,560 in trading volume during the last 100 days, posting a change of +7.50%.
How SLDP’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for SLDP stands at 0.02. Similarly, the long-term debt-to-equity ratio is also 0.02.
SLDP Stock Stochastic Average
As of today, the raw stochastic average of Solid Power Inc over the past 50 days is 40.68%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 65.75%. Additionally, the Stochastic %K and %D values for the company were 50.23% and 47.05%, respectively, over the past 20 days.
SLDP Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 16.55% this year. Over the last six months, there has been a weaker performance of 26.12%. The price of SLDP leaped by -2.31% during the last 30 days period. For the last 5-days stocks have improved 0.60%.
