Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Piedmont Lithium Inc’s stock clocked out at $11.61, down -6.67% from its previous closing price of $12.44. In other words, the price has decreased by -$6.67 from its previous closing price. On the day, 0.84 million shares were traded. PLL stock price reached its highest trading level at $12.5857 during the session, while it also had its lowest trading level at $11.56.
Ratios:
To gain a deeper understanding of PLL’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.85 and its Current Ratio is at 2.85. In the meantime, Its Debt-to-Equity ratio is 0.03 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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.
WHITE MICHAEL D sold 1,316 shares of PLL for $77,626 on May 11 ’23. The EVP and CFO now owns 14,809 shares after completing the transaction at $58.99 per share.
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 224780048 and an Enterprise Value of 154132496. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.77 while its Price-to-Book (P/B) ratio in mrq is 0.64. Its current Enterprise Value per Revenue stands at 3.871 whereas that against EBITDA is -3.922.
Stock Price History:
The Beta on a monthly basis for PLL is 0.79, which has changed by -0.7990654 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. Over the past 52 weeks, PLL has reached a high of $65.72, while it has fallen to a 52-week low of $11.27. The 50-Day Moving Average of the stock is -13.62%, while the 200-Day Moving Average is calculated to be -61.42%.
Shares Statistics:
It appears that PLL traded 860.53K shares on average per day over the past three months and 1606510 shares per day over the past ten days. A total of 19.27M shares are outstanding, with a floating share count of 17.92M. Insiders hold about 7.46% of the company’s shares, while institutions hold 53.56% stake in the company. Shares short for PLL as of 1711584000 were 2579291 with a Short Ratio of 3.00, compared to 1709164800 on 3032681. Therefore, it implies a Short% of Shares Outstanding of 2579291 and a Short% of Float of 13.51.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 6 analysts currently analyzing and rating the stock of Piedmont Lithium Inc (PLL).On average, analysts expect EPS of -$0.45 for the current quarter, with a high estimate of $0.12 and a low estimate of -$0.78, while EPS last year was -$0.47. The consensus estimate for the next quarter is -$0.1, with high estimates of $0.13 and low estimates of -$0.31.
Analysts are recommending an EPS of between $0.5 and -$1.53 for the fiscal current year, implying an average EPS of -$0.22. EPS for the following year is $1.5, with 6 analysts recommending between $4.7 and -$0.55.
Revenue Estimates
A total of 5 analysts have provided revenue estimates for PLL’s current fiscal year. The highest revenue estimate was $296.6M, while the lowest revenue estimate was $87.2M, resulting in an average revenue estimate of $154.49M. In the same quarter a year ago, actual revenue was $39.82M, up 288.00% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $182.78M in the next fiscal year. The high estimate is $316.4M and the low estimate is $96M. The average revenue growth estimate for next year is up 18.30% from the average revenue estimate for this year.
