Lesa B. Roe Sells 29,000 Shares of Solid Power, Inc. (NASDAQ:SLDP) Stock

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) Director Lesa B. Roe sold 29,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $1.69, for a total transaction of $49,010.00. Following the transaction, the director now owns 239,049 shares in the company, valued at $403,992.81. This represents a 10.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Solid Power Stock Performance

Shares of Solid Power stock traded up $0.05 during midday trading on Tuesday, reaching $1.47. 2,473,623 shares of the company's stock traded hands, compared to its average volume of 2,603,896. The company has a market cap of $263.66 million, a price-to-earnings ratio of -3.00 and a beta of 1.42. The company's 50 day simple moving average is $1.21 and its 200 day simple moving average is $1.31. Solid Power, Inc. has a 52 week low of $0.68 and a 52 week high of $2.70.

Solid Power (NASDAQ:SLDP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.06. The business had revenue of $6.02 million for the quarter, compared to the consensus estimate of $5.00 million. Solid Power had a negative net margin of 471.22% and a negative return on equity of 18.08%.

Institutional Investors Weigh In On Solid Power

A number of large investors have recently added to or reduced their stakes in the stock. Cibc World Markets Corp bought a new position in Solid Power in the 4th quarter worth $27,000. Belvedere Trading LLC bought a new position in Solid Power in the 4th quarter worth $33,000. BNP Paribas Financial Markets bought a new position in Solid Power in the 4th quarter worth $34,000. Raymond James Financial Inc. bought a new position in Solid Power in the 4th quarter worth $40,000. Finally, SBI Securities Co. Ltd. raised its holdings in Solid Power by 318.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 44,392 shares of the company's stock worth $47,000 after acquiring an additional 33,776 shares during the period. Institutional investors own 33.66% of the company's stock.

About Solid Power

Solid Power, Inc develops solid state battery technologies for the electric vehicles (EV) and other markets in the United States. The company sells its sulfide-based solid electrolyte; and licenses its solid-state cell designs and manufacturing processes. It also produces and sells 0.2, 2, 20 ampere-hour (Ah), and EV cells.