Why Investors Should Stick to Piedmont Lithium Inc (NASDAQ: PLL) Stock in 2024

In the last trading session, 1.4 million Piedmont Lithium Inc (NASDAQ:PLL) shares changed hands as the company’s beta touched 0.72. With the company’s per share price at $13.43 changed hands at -$1.25 or -8.51% during last session, the market valuation stood at $260.00M. PLL’s last price was a discount, traded about -389.35% off its 52-week high of $65.72. The share price had its 52-week low at $11.27, which suggests the last value was 16.08% up since then. When we look at Piedmont Lithium Inc’s average trading volume, we note the 3-month average coming to 843.78K.

Piedmont Lithium Inc (NASDAQ:PLL) trade information

Instantly PLL was in red as seen at the end of in last trading. With action -5.89%, the performance over the past five days has been red. The drop to weekly highs of 17.66 subtracted -8.51% to the stock’s daily price. The company’s shares are showing year-to-date downside of -52.43%, with the 5-day performance at -5.89% in the red. However, in the 30-day time frame, Piedmont Lithium Inc (NASDAQ:PLL) is 6.59% up.

Piedmont Lithium Inc (PLL) estimates and forecasts

Data shows that the Piedmont Lithium Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -59.22% over the past 6 months, a 62.28% in annual growth rate that is considerably higher than the industry average of 19.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -126.72%. The 2024 estimates are for Piedmont Lithium Inc earnings to increase by 113.45%.

PLL Dividends

Piedmont Lithium Inc is expected to release its next quarterly earnings report in May.