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The price of Piedmont Lithium Inc (NASDAQ: PLL) closed at $12.29 in the last session, down -6.82% from day before closing price of $13.19. In other words, the price has decreased by -$6.82 from its previous closing price. On the day, 0.57 million shares were traded. PLL stock price reached its highest trading level at $13.0932 during the session, while it also had its lowest trading level at $12.14.
Ratios:
We take a closer look at PLL’s different ratios to gain a better understanding of the stock. 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.
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 238888096 and an Enterprise Value of 211277360. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.07 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 4.497 whereas that against EBITDA is -4.043.
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 6.48%, while the 200-Day Moving Average is calculated to be 5.93%.
Shares Statistics:
According to the various share statistics, PLL traded on average about 905.93K shares per day over the past 3-months and 952330 shares per day over the past 10 days. A total of 19.27M shares are outstanding, with a floating share count of 17.86M. Insiders hold about 8.11% of the company’s shares, while institutions hold 40.38% stake in the company. Shares short for PLL as of 1730332800 were 3639606 with a Short Ratio of 4.02, compared to 1727654400 on 3191783. Therefore, it implies a Short% of Shares Outstanding of 3639606 and a Short% of Float of 18.959999.
