In the quest to outshine the broader market, stock pickers diligently seek out stocks with the potential for superior performance. Making the right choices can significantly elevate your wealth.
Piedmont Lithium Inc (NASDAQ: PLL) closed the day trading at $6.47 down -8.94% from the previous closing price of $7.10. In other words, the price has decreased by -$8.94 from its previous closing price. On the day, 0.54 million shares were traded.
Ratios:
For a better understanding of PLL, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.23 and its Current Ratio is at 2.23. In the meantime, Its Debt-to-Equity ratio is 0.10 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 1.42 while its Price-to-Book (P/B) ratio in mrq is 0.47.
Stock Price History:
Over the past 52 weeks, PLL has reached a high of $17.66, while it has fallen to a 52-week low of $6.57. The 50-Day Moving Average of the stock is -24.72%, while the 200-Day Moving Average is calculated to be -37.71%.
Shares Statistics:
A total of 21.83M shares are outstanding, with a floating share count of 20.30M. Insiders hold about 7.48% of the company’s shares, while institutions hold 32.12% stake in the company.
