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Piedmont Lithium Inc (NASDAQ: PLL) closed the day trading at $10.02 up 4.27% from the previous closing price of $9.61. In other words, the price has increased by $4.27 from its previous closing price. On the day, 0.79 million shares were traded. PLL stock price reached its highest trading level at $10.36 during the session, while it also had its lowest trading level at $9.63.
Ratios:
For a better understanding of PLL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.57 and its Current Ratio is at 4.57. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On February 16, 2024, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $20.
TD Cowen Downgraded its Outperform to Market Perform on January 29, 2024, whereas the target price for the stock was revised from $55 to $20.
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 Aug 30 ’23 when Demby Claude sold 782 shares for $45.12 per share. The transaction valued at 35,284 led to the insider holds 3,455 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 204088368 and an Enterprise Value of 108526880. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.12 while its Price-to-Book (P/B) ratio in mrq is 0.62. Its current Enterprise Value per Revenue stands at 2.039 whereas that against EBITDA is -2.908.
Stock Price History:
Over the past 52 weeks, PLL has reached a high of $55.13, while it has fallen to a 52-week low of $8.94. The 50-Day Moving Average of the stock is -14.54%, while the 200-Day Moving Average is calculated to be -43.97%.
Shares Statistics:
Over the past 3-months, PLL traded about 471.29K shares per day on average, while over the past 10 days, PLL traded about 388460 shares per day. A total of 19.27M shares are outstanding, with a floating share count of 17.79M. Insiders hold about 8.13% of the company’s shares, while institutions hold 46.09% stake in the company. Shares short for PLL as of 1721001600 were 3656558 with a Short Ratio of 7.76, compared to 1718323200 on 3350298. Therefore, it implies a Short% of Shares Outstanding of 3656558 and a Short% of Float of 19.11.
