Solid Power (NASDAQ:SLDP) Trading Up 8.8% - What's Next?

Key Points

• Solid Power's stock price increased by 8.8% during mid-day trading on Monday, reaching $3.38, with a trading volume of approximately 4.86 million shares.
• The company reported $6.02 million in revenue for its latest quarter, surpassing analyst expectations, and had a negative net margin of 447.80% and a P/E ratio of -6.61.
• Recent insider transactions included significant share sales by top executives, resulting in a 10.82% decrease in ownership for one director and a 40.94% decrease for another.

Shares of Solid Power, Inc. (NASDAQ:SLDP - Get Free Report) traded up 8.8% on Monday . The stock traded as high as $3.38 and last traded at $3.38. 4,861,775 shares were traded during mid-day trading, a decline of 4% from the average session volume of 5,056,324 shares. The stock had previously closed at $3.11.

Solid Power Stock Down 3.1%

The firm has a market capitalization of $628.84 million, a price-to-earnings ratio of -6.89 and a beta of 1.80. The company has a fifty day moving average price of $2.50 and a two-hundred day moving average price of $1.67.

Solid Power (NASDAQ:SLDP - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.06. The business 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 21.24% and a negative net margin of 447.80%.

Insider Activity at Solid Power

In other news, Director Lesa B. Roe sold 29,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $1.69, for a total transaction of $49,010.00. Following the completion of the sale, the director owned 239,049 shares in the company, valued at $403,992.81. This represents a 10.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven H. Goldberg sold 82,365 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $1.62, for a total value of $133,431.30. Following the sale, the director owned 118,808 shares of the company's stock, valued at $192,468.96. This trade represents a 40.94% decrease in their position. The disclosure for this sale can be found here. 7.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SLDP. BNP Paribas Financial Markets purchased a new position in shares of Solid Power in the fourth quarter valued at $34,000. Raymond James Financial Inc. acquired a new stake in shares of Solid Power during the fourth quarter valued at $40,000. Gainplan LLC acquired a new stake in shares of Solid Power during the second quarter valued at $46,000. SBI Securities Co. Ltd. boosted its stake 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 buying an additional 33,776 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its stake in Solid Power by 22.1% in 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. Hedge funds and other 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.