In the latest session, Piedmont Lithium Inc (NASDAQ: PLL) closed at $13.43 down -8.51% from its previous closing price of $14.68. On the day, 1402642 shares were traded.
Ratios:
For a deeper understanding of Piedmont Lithium Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 5.52 while its Price-to-Book (P/B) ratio in mrq is 0.74.
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.
Shares Statistics:
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 53.65% stake in the company.
Earnings Estimates
There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.37 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 -$0.06, 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 $0.2. EPS for the following year is $1.66, 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 $159.43M. In the same quarter a year ago, actual revenue was $39.82M, up 300.40% 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 14.60% from the average revenue estimate for this year.
