Solid Power Stock Quote and Financial Performance

Solid Power is a leading developer of solid-state batteries, with a market capitalization of $1.3 billion.

The company has seen significant growth in its revenue, with a 50% increase in 2022 compared to the previous year.

Its financial performance has been impressive, with a net loss of $27.6 million in 2022, but a decrease in net loss from $34.4 million in 2021.

Solid Power's stock price has been affected by the overall market trends, with a slight dip in the first quarter of 2023.

Solid Power's financial performance is a mixed bag. In 2023, the company's revenue increased by 47.68% to $17.41 million, but losses were a significant -$65.55 million, a 586.0% increase from the previous year.

The company's liquidity ratio is impressive, with a current ratio of 6.88, quick ratio of 6.88, and cash ratio of 6.49. This indicates that Solid Power has a strong ability to pay its short-term debts.

Solid Power's financial strength is also worth noting, with a cash-to-debt ratio of 14.99 and equity-to-asset ratio of 0.93. However, the debt-to-equity ratio of 0.02 and debt-to-EBITDA ratio of -0.13 suggest that the company has a relatively low level of debt and is generating negative debt relative to its earnings.

Here are some key financial metrics for Solid Power:

The EPS forecast is an essential part of financial analysis, and it's used to predict a company's earnings per share over the next few years.

According to the analyst forecast, the average EPS for 2024 is -$0.50, which is the midpoint between the high and low estimates.

The EPS growth rate is also an important factor, and it's expected to be 0% in 2024, 0% in 2025, and 0% in 2026, based on the high, average, and low estimates.

Here's a breakdown of the EPS forecast for each year:

This forecast suggests that the company's earnings per share will remain relatively stable over the next few years, with some minor fluctuations.

Solid Power's financial strength is a mixed bag. The company's cash-to-debt ratio is a respectable 14.99, indicating a relatively low level of debt.

The equity-to-asset ratio is 0.93, which is lower than the industry average. This suggests that Solid Power is heavily leveraged, with a significant portion of its assets being financed through debt.

The debt-to-equity ratio is 0.02, which is extremely low and indicates that the company has a very low level of debt relative to its equity. This is a positive sign for investors.

However, the debt-to-EBITDA ratio is -0.13, which is a negative sign. This suggests that the company's debt is not sustainable in the long term.

The Piotroski F-Score is 2/9, which is a low score. This suggests that the company is experiencing financial distress.

The Altman Z-Score is 4.47, which is in the "safe" category. This suggests that the company is less likely to go bankrupt.

The Beneish M-Score is -4.03, which indicates that the company is not likely to be involved in any accounting manipulation.

Here is a summary of Solid Power's financial strength:

Analysts are overwhelmingly bullish on Solid Power stock, with an average rating of "Buy" from 4 analysts.

The 12-month stock price forecast is $2.75, which represents an increase of 84.56% from the latest price.

This forecast is based on the consensus of 4 analysts, who have a proven track record of accuracy.

Here's a breakdown of the analyst forecasts:

It's worth noting that analyst ratings and forecasts can change over time, and it's essential to stay up-to-date with the latest information.

The high estimate of $5.00 suggests that some analysts believe the stock has significant upside potential.

The low estimate of $1.00 represents a more cautious outlook, but even this estimate suggests a potential increase of 32.89% from the current stock price.

Ultimately, it's essential to do your own research and consider multiple sources of information before making any investment decisions.

Solid Power's financial performance in 2023 was impressive, with revenue increasing by 47.68% to $17.41 million.

Their losses, however, were substantial, totaling -$65.55 million, a 586.0% increase from the previous year.

The company's stock price forecast is also noteworthy, with an average target of $2.75, predicting an increase of 84.56% from the current stock price of $1.49.

Here are the specific target estimates from the 4 analysts:

Solid Power's financial performance is a mixed bag. The company's revenue increased by 47.68% in 2023 to $17.41 million, a significant jump from the previous year's $11.79 million.

However, this growth comes with a price - the company's losses skyrocketed to -$65.55 million, a staggering 586.0% increase from 2022.

Here are some key financial metrics that give us a better understanding of Solid Power's financial performance:

It's worth noting that the company's financials show a strong liquidity position, with a cash-to-debt ratio of 14.99, indicating that Solid Power has a solid foundation to support its growth.

The stock price of Solid Power has been a topic of interest for many investors. The current stock price is $1.49, which is an important factor to consider when evaluating the company's performance.

According to analyst forecasts, the average target price for Solid Power stock is $2.75, representing an increase of 84.56% from the current stock price.

Analysts are optimistic about Solid Power's future prospects, with an average rating of "Buy" from 4 analysts. This suggests that they believe the company has the potential to outperform the market over the next 12 months.

Here's a breakdown of the analyst ratings and price forecasts:

It's worth noting that some analysts have revised their forecasts over time, with Chardan Capital Markets and Needham & Company, LLC maintaining their "Buy" ratings despite some fluctuations in price forecasts.

The stock price forecast is a crucial aspect of evaluating Solid Power's performance, and it's essential to consider multiple factors, including analyst ratings and price forecasts.

Let's take a closer look at the Momentum Rank, which can give us a sense of how a stock is performing in the short and long term.

The 5-Day RSI is currently at 31.22, indicating that the stock has experienced some recent volatility.

The 9-Day RSI is at 40.04, which suggests a slight improvement in the stock's performance over the past week.

The 14-Day RSI is at 45.54, showing a moderate increase in the stock's momentum.

The 3-1 Month Momentum % is a significant 69.05, indicating a substantial gain in the stock's value over the past three months.

Here are the RSI values and momentum percentages in a table for easy comparison:

The 6-1 Month Momentum % is a relatively low 7.04, suggesting that the stock's value has not increased significantly over the past six months.

The 12-1 Month Momentum % is at 45.89, which is a moderate gain in the stock's value over the past year.