Traders Purchase Large Volume of Solid Power Call Options (NASDAQ:SLDP)

Solid Power, Inc. (NASDAQ:SLDP) saw some unusual options trading on Tuesday. Stock investors bought 2,249 call options on the company. This is an increase of 178% compared to the average volume of 808 call options.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Solid Power

A number of institutional investors and hedge funds have recently bought and sold shares of SLDP. Cibc World Markets Corp bought a new stake in shares of Solid Power in the 4th quarter worth approximately $27,000. BNP Paribas Financial Markets acquired a new position in Solid Power in the fourth quarter worth approximately $34,000. Raymond James Financial Inc. bought a new position in shares of Solid Power in the fourth quarter valued at $40,000. ProShare Advisors LLC lifted its position in shares of Solid Power by 50.6% during the 4th quarter. ProShare Advisors LLC now owns 43,589 shares of the company’s stock valued at $82,000 after acquiring an additional 14,655 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its holdings in shares of 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 last quarter. 33.66% of the stock is owned by institutional investors and hedge funds.

Solid Power Price Performance

Solid Power stock opened at $3.18 on Wednesday. Solid Power has a 12-month low of $0.68 and a 12-month high of $3.21. The stock has a market capitalization of $570.36 million, a PE ratio of -6.24 and a beta of 1.75. The firm has a 50 day simple moving average of $1.83 and a 200-day simple moving average of $1.49.

Solid Power (NASDAQ:SLDP) last issued 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. Solid Power had a negative return on equity of 21.24% and a negative net margin of 447.80%. The firm had revenue of $6.02 million during the quarter, compared to analyst estimates of $5.00 million.

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.