The trading price of Standard Lithium Ltd (AMEX:SLI) closed higher on Monday, December 09, and closing at $1.67, 3.73% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.62 and $1.73. The company’s P/E ratio in the trailing 12-month period was 2.83, while its 5Y monthly beta was 1.934. In examining the 52-week price action we see that the stock hit a 52-week high of $2.64 and a 52-week low of $1.05. Over the past month, the stock has lost -27.07% in value.
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Standard Lithium Ltd, whose market valuation is $311.59 million at the time of this writing, is expected to release its quarterly earnings report in January. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest SLI has a Hold 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% Buy, while an average of long term indicators suggests that the stock is currently 100% 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 SLI 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 Standard Lithium Ltd (SLI) 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 SLI’s price is currently -3.58% off the SMA20 and -13.79% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.10, and weekly volatility stands at 5.94%. When measured over the past 30 days, the indicator reaches 7.55%. Standard Lithium Ltd (AMEX:SLI)’s beta value is currently sitting at 1.83, while the Average True Range indicator is currently displaying 0.14.
To see how Standard Lithium Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: SLI stock’s performance was 3.73% in the latest trading, and -18.14% in the past year. Standard Lithium Ltd has a P/E ratio of 2.83.
An evaluation of the daily trading volume of Standard Lithium Ltd (AMEX:SLI) indicates that the 3-month average is 2.13 million. However, this figure has increased over the past 10 days to an average of 1.27.
Currently, records show that 184.58 million of the company’s shares remain outstanding. The insiders hold 7.11% of outstanding shares, whereas institutions hold 15.21%. The stats also highlight that short interest as of 2024-10-31, stood at 4.42 million shares, resulting in a short ratio of 1.66 at that time. It is noteworthy that short shares in October were up slightly from the previous month’s figure, which was 3.92 million. However, since the stock’s price has seen -17.33% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
