The trading price of Piedmont Lithium Inc (NASDAQ:PLL) floating higher at last check on current market day and closing at $12.86, 9.12% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $12.0 and $13.12. In examining the 52-week price action we see that the stock hit a 52-week high of $31.82 and a 52-week low of $6.57. Over the past month, the stock has gained 40.91% in value.
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Piedmont Lithium Inc, whose market valuation is $249.97 million at the time of this writing, is expected to release its quarterly earnings report on 2024-Nov-05. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.57 per share this quarter, however they have predicted annual earnings per share of -2.51 for current year and -1.02 for next year.
Analysts have forecast the company to bring in revenue of 33.37M for the current quarter, with the likely lows of 22.14M and highs of 44.7M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 107.47M.
On the technical side, indicators suggest PLL has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned PLL a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Piedmont Lithium Inc (PLL) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that PLL’s price is currently 5.90% off the SMA20 and 33.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 57.34, and weekly volatility stands at 10.84%. When measured over the past 30 days, the indicator reaches 11.97%. Piedmont Lithium Inc (NASDAQ:PLL)’s beta value is currently sitting at 0.80, while the Average True Range indicator is currently displaying 1.27. With analysts defining $8.5-$9.3 as the low and high price targets, we arrive at a consensus price target of $8.9 for the trailing 12-month period. The current price is about 33.9% off the estimated low and 27.68% off the forecast high, based on this estimate. Investors will be thrilled if PLL’s share price rises to $8.9, which is the median consensus price. At that level, PLL’s share price would be 30.79% above current price.
To see how Piedmont Lithium Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: PLL stock’s performance was 9.12% at last check in today’s session, and -54.02% in the past year.
An evaluation of the daily trading volume of Piedmont Lithium Inc (NASDAQ:PLL) indicates that the 3-month average is 789.77K. However, this figure has increased over the past 10 days to an average of 1.1.
Currently, records show that 19.27 million of the company’s shares remain outstanding. The insiders hold 8.31% of outstanding shares, whereas institutions hold 42.68%. The stats also highlight that short interest as of 2024-10-15, stood at 3.88 million shares, resulting in a short ratio of 3.4 at that time. From this, we can conclude that short interest is 2020.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 3.35 million. However, since the stock’s price has seen -54.43% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
