For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Piedmont Lithium Inc (NASDAQ: PLL) closed at $10.57 in the last session, down -7.60% from day before closing price of $11.44. In other words, the price has decreased by -$7.60 from its previous closing price. On the day, 0.8 million shares were traded. PLL stock price reached its highest trading level at $11.15 during the session, while it also had its lowest trading level at $10.22.
Ratios:
We take a closer look at PLL’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.99 and its Current Ratio is at 1.99. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.02.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 230622592 and an Enterprise Value of 160350768. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.36 while its Price-to-Book (P/B) ratio in mrq is 0.72. Its current Enterprise Value per Revenue stands at 3.413 whereas that against EBITDA is -3.069.
Stock Price History:
Over the past 52 weeks, PLL has reached a high of $31.82, while it has fallen to a 52-week low of $6.57. The 50-Day Moving Average of the stock is -14.74%, while the 200-Day Moving Average is calculated to be -8.07%.
Shares Statistics:
According to the various share statistics, PLL traded on average about 918.18K shares per day over the past 3-months and 511180 shares per day over the past 10 days. A total of 19.43M shares are outstanding, with a floating share count of 17.90M. Insiders hold about 8.10% of the company’s shares, while institutions hold 40.41% stake in the company. Shares short for PLL as of 1732838400 were 3259610 with a Short Ratio of 3.55, compared to 1730332800 on 3639606. Therefore, it implies a Short% of Shares Outstanding of 3259610 and a Short% of Float of 15.100000999999999.
