Solid Power (NASDAQ:SLDP) Shares Down 7.3% - What's Next?

Solid Power, Inc. (NASDAQ:SLDP - Get Free Report)'s share price was down 7.3% during trading on Monday . The company traded as low as $2.22 and last traded at $2.28. Approximately 8,259,073 shares traded hands during mid-day trading, an increase of 159% from the average daily volume of 3,185,149 shares. The stock had previously closed at $2.46.

Solid Power Stock Performance

The stock has a market cap of $450.20 million, a PE ratio of -4.92 and a beta of 1.75. The stock has a fifty day moving average price of $1.64 and a 200 day moving average price of $1.45.

Solid Power (NASDAQ:SLDP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.06. The firm had revenue of $6.02 million during the quarter, compared to analyst estimates of $5.00 million. Solid Power had a negative return on equity of 21.24% and a negative net margin of 447.80%.

Insiders Place Their Bets

In other Solid Power news, 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 completion of the sale, the director directly owned 118,808 shares of the company's stock, valued at $192,468.96. The trade was a 40.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lesa B. Roe sold 29,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $1.69, for a total value of $49,010.00. Following the completion of the transaction, the director directly owned 239,049 shares of the company's stock, valued at approximately $403,992.81. The trade was a 10.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.90% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Cibc World Markets Corp bought a new position in shares of Solid Power in the 4th quarter worth $27,000. BNP Paribas Financial Markets purchased a new position in Solid Power during the 4th quarter worth $34,000. Raymond James Financial Inc. purchased a new position in Solid Power during the 4th quarter worth $40,000. SBI Securities Co. Ltd. grew its stake in Solid Power by 318.2% during the 1st quarter. SBI Securities Co. Ltd. now owns 44,392 shares of the company's stock worth $47,000 after buying an additional 33,776 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in Solid Power by 22.1% during the 1st quarter. MetLife Investment Management LLC now owns 73,184 shares of the company's stock worth $77,000 after buying an additional 13,258 shares during the last quarter. 33.66% of the stock is owned by institutional investors.

Solid Power Company Profile

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.