During the last session, Piedmont Lithium Inc (NASDAQ:PLL)’s traded shares were 2.18 million, with the beta value of the company hitting 0.80. At the end of the trading day, the stock’s price was $12.60, reflecting an intraday gain of 0.56% or $0.07. The 52-week high for the PLL share is $65.72, that puts it down -421.59 from that peak though still a striking 10.56% gain since the share price plummeted to a 52-week low of $11.27. The company’s market capitalization is $243.94M, and the average intraday trading volume over the past 10 days was 0.58 million shares, and the average trade volume was 663.89K shares over the past three months.
Piedmont Lithium Inc (NASDAQ:PLL) trade information
Piedmont Lithium Inc (PLL) registered a 0.56% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.56% in intraday trading to $12.60, hitting a weekly high. The stock’s 5-day price performance is -8.63%, and it has moved by -7.08% in 30 days. Based on these gigs, the overall price performance for the year is -76.29%. The short interest in Piedmont Lithium Inc (NASDAQ:PLL) is 3.03 million shares and it means that shorts have 3.43 day(s) to cover.
Piedmont Lithium Inc (PLL) estimates and forecasts
Statistics show that Piedmont Lithium Inc has outperformed its competitors in share price, compared to the industry in which it operates. Piedmont Lithium Inc (PLL) shares have gone down -72.25% during the last six months, with a year-to-date growth rate more than the industry average at 82.46% against 9.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 25.50% this quarter and then jump 90.90% in the quarter after that. In the rating firms’ projections, revenue will increase 293.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $21.47 million as predicted by 4 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to $21.43 million by the end of Jun 2024.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -126.72%. While earnings are projected to return 150.37% in 2024.
PLL Dividends
Piedmont Lithium Inc is due to release its next quarterly earnings between May 03 and May 07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Piedmont Lithium Inc (NASDAQ:PLL)’s Major holders
Piedmont Lithium Inc insiders own 7.38% of total outstanding shares while institutional holders control 54.14%, with the float percentage being 58.45%. Blackrock Inc. is the largest shareholder of the company, while 235 institutions own stock in it. As of Jun 29, 2023, the company held over 1.32 million shares (or 6.88% of all shares), a total value of $76.22 million in shares.
The next largest institutional holding, with 1.13 million shares, is of State Street Corporation’s that is approximately 5.91% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $65.47 million.
Also, the Mutual Funds coming in first place with the largest holdings of Piedmont Lithium Inc (PLL) shares are SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF and Vanguard Total Stock Market Index Fund. Data provided on Aug 30, 2023 indicates that SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF owns about 0.77 million shares. This amounts to just over 4.02 percent of the company’s overall shares, with a $34.54 million market value. The same data shows that the other fund manager holds slightly less at 0.54 million, or about 2.79% of the stock, which is worth about $30.93 million.
