In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of Piedmont Lithium Inc (NASDAQ: PLL) was $6.52 for the day, down -1.51% from the previous closing price of $6.62. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 0.18 million shares were traded. PLL stock price reached its highest trading level at $6.68 during the session, while it also had its lowest trading level at $6.42.
Ratios:
Our analysis of PLL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.15 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 0.11 whereas as Long-Term Debt/Eq ratio is at 0.01.
On November 20, 2024, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $32 to $13.
JP Morgan Downgraded its Neutral to Underweight on October 21, 2024, whereas the target price for the stock was revised from $9 to $8.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 10 ’24 when Phillips Keith D. sold 41,867 shares for $12.31 per share. The transaction valued at 515,521 led to the insider holds 170,616 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PLL now has a Market Capitalization of 143088576 and an Enterprise Value of 89509120. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.34 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 0.841 whereas that against EBITDA is -4.471.
Stock Price History:
The Beta on a monthly basis for PLL is 0.24, which has changed by -0.36699027 over the last 52 weeks, in comparison to a change of 0.12792087 over the same period for the S&P500. Over the past 52 weeks, PLL has reached a high of $15.44, while it has fallen to a 52-week low of $5.15. The 50-Day Moving Average of the stock is -1.43%, while the 200-Day Moving Average is calculated to be -25.05%.
Shares Statistics:
PLL traded an average of 252.83K shares per day over the past three months and 333820 shares per day over the past ten days. A total of 21.94M shares are outstanding, with a floating share count of 20.31M. Insiders hold about 7.44% of the company’s shares, while institutions hold 26.96% stake in the company. Shares short for PLL as of 1749772800 were 1968903 with a Short Ratio of 7.79, compared to 1747267200 on 2268835. Therefore, it implies a Short% of Shares Outstanding of 1968903 and a Short% of Float of 9.1000006.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
