After finishing at $14.30 in the prior trading day, Piedmont Lithium Inc (NASDAQ: PLL) closed at $13.79, down -3.57%. In other words, the price has decreased by -$0.51 from its previous closing price. On the day, 548362 shares were traded. PLL stock price reached its highest trading level at $14.74 during the session, while it also had its lowest trading level at $13.78.
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 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:
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.
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 266.99M and an Enterprise Value of 196.34M. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.66 while its Price-to-Book (P/B) ratio in mrq is 0.76. Its current Enterprise Value per Revenue stands at 4.93 whereas that against EBITDA is -10.69.
Stock Price History:
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 17.78, while the 200-Day Moving Average is calculated to be 36.55.
Shares Statistics:
The stock has traded on average 663.64K shares per day over the past 3-months and 679.89k shares per day over the last 10 days, according to various share statistics. A total of 19.27M shares are outstanding, with a floating share count of 17.90M. Insiders hold about 7.52% of the company’s shares, while institutions hold 53.78% stake in the company. Shares short for PLL as of Feb 15, 2024 were 3.15M with a Short Ratio of 4.74, compared to 2.73M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.33% and a Short% of Float of 16.56%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.35 for the current quarter, with a high estimate of $0.12 and a low estimate of -$0.73, while EPS last year was -$0.47. The consensus estimate for the next quarter is -$0.05, with high estimates of $0.13 and low estimates of -$0.27.
Analysts are recommending an EPS of between $2.22 and -$1.53 for the fiscal current year, implying an average EPS of $0.38. EPS for the following year is $1.73, with 5 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 $156.71M. In the same quarter a year ago, actual revenue was $39.82M, up 293.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $183.73M 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 17.20% from the average revenue estimate for this year.
