Standard Lithium Ltd (AMEX:SLI) traded at $2.26 at close of the session on current trade day and made a downward move of -6.61% on its previous day’s price.
Looking at the stock we see that its previous close was $2.42 and the beta (5Y monthly) reads 1.935 with the day’s price range being $2.0 – $2.5. The company has a trailing 12-month PE ratio of 3.94. In terms of its 52-week price range, SLI has a high of $3.59 and a low of $1.05. The company’s stock has gained about 85.25% over that past 30 days.
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Standard Lithium Ltd has a market cap of $417.15 million and is expected to release its quarterly earnings report in November.
On the other hand, looking at the outlook for the SLI stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 25% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Standard Lithium Ltd (SLI) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 34.68% off its SMA20 and 62.99% from its 50-day simple moving average. The RSI (14) is pointing at 70.51 while the volatility over the past week is 15.67% and jumps to 11.72% over the past one month. The beta value is 1.99, while the average true range (ATR) is currently pointing at 0.20.
Coming back to Standard Lithium Ltd (AMEX:SLI), we note that the average 3-month trading volume was 1.24 million, while that of the preceding 10-day period stands at 3.05 million. Current shares outstanding are 183.92 million.
The insiders hold 7.71% of the company’s shares while institutions hold 16.37%. The data shows that short shares as of 2024-09-30, stood at 3.92 million at a short ratio of 2.84. Shares short fall in September from the previous month at 4.08 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 11.88% up in year-to-date price movement.
