After The Stock Rose 23.69% Over The Week, Is Piedmont Lithium Inc (NASDAQ: PLL) Still A Buy?

Piedmont Lithium Inc (NASDAQ:PLL)’s traded shares stood at 0.4 million during the last session, with the company’s beta value hitting 0.82. At the close of trading, the stock’s price was $9.19, to imply an increase of 5.63% or $0.49 in intraday trading. The PLL share’s 52-week high remains $46.33, putting it -404.13% down since that peak but still an impressive 24.59% since price per share fell to its 52-week low of $6.93. The company has a valuation of $178.01M, with an average of 0.66 million shares in intraday trading volume over the past 10 days and average of 505.90K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Piedmont Lithium Inc (PLL), translating to a mean rating of 2.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give PLL a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy.

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Piedmont Lithium Inc (NASDAQ:PLL) trade information

After registering a 5.63% upside in the last session, Piedmont Lithium Inc (PLL) has traded red over the past five days. The 5-day price performance for the stock is 23.69%, and -11.55% over 30 days. With these gigs, the year-to-date price performance is -67.45%. Short interest in Piedmont Lithium Inc (NASDAQ:PLL) saw shorts transact 3.48 million shares and set a 8.24 days time to cover.

The extremes give us $9.3 and $15 for target low and target high price respectively. As such, PLL has been trading -63.22% off suggested target high and -1.2% from its likely low.

Piedmont Lithium Inc (PLL) estimates and forecasts

Looking at statistics comparing Piedmont Lithium Inc share performance against respective industry, we note that the company has underperformed competitors. Piedmont Lithium Inc (PLL) shares are -25.53% down over the last 6 months, with its year-to-date growth rate lower than industry average at -98.25% against 19.30%.

PLL Dividends

Piedmont Lithium Inc has its next earnings report out on 2024-Nov-05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Piedmont Lithium Inc (NASDAQ:PLL)’s Major holders

Piedmont Lithium Inc insiders hold 7.95% of total outstanding shares, with institutional holders owning 44.24% of the shares at 48.06% float percentage. In total, 44.24% institutions holds shares in the company, led by BANK OF NEW YORK MELLON CORP. As of 2024-06-30, the company held over 2.53 million shares (or 13.1985% of shares), all amounting to roughly $297.02 million.

The next major institution holding the largest number of shares is BLACKROCK INC. with 1.41 million shares, or about 7.3623% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $14.11 million.