Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
After finishing at $8.35 in the prior trading day, Piedmont Lithium Inc (NASDAQ: PLL) closed at $7.85, down -5.99%. In other words, the price has decreased by -$5.99 from its previous closing price. On the day, 0.72 million shares were traded. PLL stock price reached its highest trading level at $8.3223 during the session, while it also had its lowest trading level at $7.61.
Ratios:
Our goal is to gain a better understanding of PLL by taking a closer look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 172276880 and an Enterprise Value of 89509120. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 0.61. 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 0.26, which has changed by -0.2997324 over the last 52 weeks, in comparison to a change of 0.13161862 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 21.15%, while the 200-Day Moving Average is calculated to be -9.38%.
Shares Statistics:
The stock has traded on average 300.96K shares per day over the past 3-months and 638140 shares per day over the last 10 days, according to various share statistics. 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 26.91% stake in the company. Shares short for PLL as of 1749772800 were 1968903 with a Short Ratio of 6.93, 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
