Investing Now Could Prove Beneficial For Standard Lithium Ltd (AMEX: SLI)

During the last session, Standard Lithium Ltd (AMEX:SLI)’s traded shares were 1.09 million, with the beta value of the company hitting 2.01. At the end of the trading day, the stock’s price was $1.17, reflecting an intraday loss of -0.85% or -$0.01. The 52-week high for the SLI share is $4.85, that puts it down -314.53 from that peak though still a striking 5.13% gain since the share price plummeted to a 52-week low of $1.11. The company’s market capitalization is $207.67M, and the average intraday trading volume over the past 10 days was 1.11 million shares, and the average trade volume was 1.34 million shares over the past three months.

Standard Lithium Ltd (AMEX:SLI) trade information

Standard Lithium Ltd (SLI) registered a -0.85% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.85% in intraday trading to $1.17, hitting a weekly high. The stock’s 5-day price performance is -1.68%, and it has moved by -3.31% in 30 days. Based on these gigs, the overall price performance for the year is -68.12%. The short interest in Standard Lithium Ltd (AMEX:SLI) is 6.06 million shares and it means that shorts have 3.73 day(s) to cover.

Standard Lithium Ltd (SLI) estimates and forecasts

Statistics show that Standard Lithium Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Standard Lithium Ltd (SLI) shares have gone down -53.39% during the last six months, with a year-to-date growth rate more than the industry average at 26.32% against 11.20.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -15.08%. While earnings are projected to return 5.94% in 2024.

SLI Dividends

Standard Lithium Ltd is due to release its next quarterly earnings between May 11 and May 15. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Standard Lithium Ltd (AMEX:SLI)’s Major holders

Standard Lithium Ltd insiders own 6.13% of total outstanding shares while institutional holders control 18.91%, with the float percentage being 20.14%. Koch Industries, Inc. is the largest shareholder of the company, while 120 institutions own stock in it. As of Jun 29, 2023, the company held over 13.48 million shares (or 7.80% of all shares), a total value of $60.66 million in shares.

The next largest institutional holding, with 5.85 million shares, is of BNP Paribas Asset Management Holding S.A.’s that is approximately 3.38% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $26.31 million.

Also, the Mutual Funds coming in first place with the largest holdings of Standard Lithium Ltd (SLI) shares are VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF. Data provided on Sep 29, 2023 indicates that VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF owns about 2.14 million shares. This amounts to just over 1.24 percent of the company’s overall shares, with a $6.05 million market value. The same data shows that the other fund manager holds slightly less at 2.05 million, or about 1.19% of the stock, which is worth about $6.84 million.