Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) Director Steven H. Goldberg sold 82,365 shares of Solid Power stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $1.62, for a total transaction of $133,431.30. Following the sale, the director now directly owns 118,808 shares of the company's stock, valued at approximately $192,468.96. This trade represents a 40.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Solid Power Stock Down 9.0%
Solid Power stock traded down $0.14 during midday trading on Monday, reaching $1.42. The company's stock had a trading volume of 4,015,363 shares, compared to its average volume of 2,787,814. The company has a market cap of $254.69 million, a P/E ratio of -2.90 and a beta of 1.42. The business has a 50-day simple moving average of $1.20 and a 200-day simple moving average of $1.30. Solid Power, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $2.70.
Solid Power (NASDAQ:SLDP - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.14) by $0.06. The firm had revenue of $6.02 million during the quarter, compared to the consensus estimate of $5.00 million. Solid Power had a negative return on equity of 18.08% and a negative net margin of 471.22%.
Institutional Investors Weigh In On Solid Power
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cibc World Markets Corp acquired a new stake in shares of Solid Power during the fourth quarter worth about $27,000. Belvedere Trading LLC acquired a new position in Solid Power during the fourth quarter worth approximately $33,000. BNP Paribas Financial Markets purchased a new stake in Solid Power in the fourth quarter valued at approximately $34,000. Raymond James Financial Inc. purchased a new position in shares of Solid Power during the fourth quarter worth approximately $40,000. Finally, SBI Securities Co. Ltd. grew its position in shares of Solid Power by 318.2% during the first 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 last quarter. 33.66% of the stock is owned by hedge funds and other institutional investors.
About Solid Power
(
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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.
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