Standard Lithium Ltd (AMEX:SLI) shares, rose in value, with the stock price up by 2.03% to the previous day’s close as strong demand from buyers drove the stock to $2.51.
Actively observing the price movement in the last trading, the stock closed the session at $2.46, falling within a range of $2.38 and $2.64. The value of beta (5-year monthly) was 1.935 whereas the PE ratio was 4.38 over 12-month period. Referring to stock’s 52-week performance, its high was $3.00, and the low was $1.05. On the whole, SLI has fluctuated by 57.86% over the past month.
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With the market capitalization of Standard Lithium Ltd currently standing at about $649.75 million, investors are eagerly awaiting this quarter’s results, scheduled for in November.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SLI’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 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of SLI currently trading nearly 21.14% and 54.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.17, while the 7-day volatility ratio is showing 10.52% which for the 30-day chart, stands at 11.85%. Furthermore, Standard Lithium Ltd (SLI)’s beta value is 2.00, and its average true range (ATR) is 0.23.
A comparison of Standard Lithium Ltd (SLI) with its peers suggests the former has fared considerably weaker in the market. SLI showed an intraday change of 2.03% in last session, and over the past year, it shrunk by -7.04%%.
Data on historical trading for Standard Lithium Ltd (AMEX:SLI) indicates that the trading volumes over the past 10 days have averaged 3.13 and over the past 3 months, they’ve averaged 1.69 million. According to company’s latest data on outstanding shares, there are 183.92 million shares outstanding.
Nearly 7.68% of Standard Lithium Ltd’s shares belong to company insiders and institutional investors own 16.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.15 million shares as on 2024-10-15, resulting in a short ratio of 1.66. The stock has risen by 24.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SLI stock heading into the next quarter.
