Piedmont Lithium Inc (NASDAQ:PLL) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $13.30.
Actively observing the price movement in the last trading, the stock closed the session at $13.30, falling within a range of $12.25 and $13.69. The value of beta (5-year monthly) was 0.538. Referring to stock’s 52-week performance, its high was $31.82, and the low was $6.57. On the whole, PLL has fluctuated by 52.17% over the past month.
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With the market capitalization of Piedmont Lithium Inc currently standing at about $258.42 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 103.62M, with a low estimate of 22M and a high estimate of 41.8M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 28.64M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PLL’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of PLL currently trading nearly 5.91% and 34.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.29, while the 7-day volatility ratio is showing 10.54% which for the 30-day chart, stands at 12.37%. Furthermore, Piedmont Lithium Inc (PLL)’s beta value is 0.80, and its average true range (ATR) is 1.30.
A comparison of Piedmont Lithium Inc (PLL) with its peers suggests the former has fared considerably weaker in the market. PLL showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -51.57%%.
Data on historical trading for Piedmont Lithium Inc (NASDAQ:PLL) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 813.82K. According to company’s latest data on outstanding shares, there are 19.27 million shares outstanding.
Nearly 8.31% of Piedmont Lithium Inc’s shares belong to company insiders and institutional investors own 42.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.88 million shares as on 2024-10-15, resulting in a short ratio of 3.4. According to the data, the short interest in Piedmont Lithium Inc (PLL) stood at 2020.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.35 million. The stock has fallen by -52.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PLL stock heading into the next quarter.
