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After finishing at $8.95 in the prior trading day, Piedmont Lithium Inc (NASDAQ: PLL) closed at $8.74, down -2.40%. In other words, the price has decreased by -$2.40 from its previous closing price. On the day, 0.7 million shares were traded. PLL stock price reached its highest trading level at $9.52 during the session, while it also had its lowest trading level at $8.6808.
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 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:
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 190694560 and an Enterprise Value of 124779904. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.05 while its Price-to-Book (P/B) ratio in mrq is 0.59. Its current Enterprise Value per Revenue stands at 2.656 whereas that against EBITDA is -2.388.
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 -27.72%, while the 200-Day Moving Average is calculated to be -23.16%.
Shares Statistics:
The stock has traded on average 940.58K shares per day over the past 3-months and 592920 shares per day over the last 10 days, according to various share statistics. A total of 21.82M shares are outstanding, with a floating share count of 20.10M. Insiders hold about 7.89% of the company’s shares, while institutions hold 36.00% stake in the company. Shares short for PLL as of 1732838400 were 3259610 with a Short Ratio of 3.47, compared to 1730332800 on 3639606. Therefore, it implies a Short% of Shares Outstanding of 3259610 and a Short% of Float of 15.100000999999999.
