During the last session, Piedmont Lithium Inc (NASDAQ:PLL)’s traded shares were 1.47 million, with the beta value of the company hitting 0.78. At the end of the trading day, the stock’s price was $13.69, reflecting an intraday loss of -3.11% or -$0.44. The 52-week high for the PLL share is $36.78, that puts it down -168.66 from that peak though still a striking 52.01% gain since the share price plummeted to a 52-week low of $6.57. The company’s market capitalization is $266.00M, and the average intraday trading volume over the past 10 days was 1.57 million shares, and the average trade volume was 651.62K shares over the past three months.
Piedmont Lithium Inc (PLL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.11. PLL has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.44.
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Piedmont Lithium Inc (NASDAQ:PLL) trade information
Piedmont Lithium Inc (PLL) registered a -3.11% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -3.11% in intraday trading to $13.69, hitting a weekly high. The stock’s 5-day price performance is 38.14%, and it has moved by 81.32% in 30 days. Based on these gigs, the overall price performance for the year is -61.73%. The short interest in Piedmont Lithium Inc (NASDAQ:PLL) is 3.19 million shares and it means that shorts have 6.15 day(s) to cover.
The consensus price target of analysts on Wall Street is $8.9, which implies a decrease of -53.82% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8.5 and $9.3 respectively. As a result, PLL is trading at a premium of 32.07% off the target high and 37.91% off the low.
Piedmont Lithium Inc (PLL) estimates and forecasts
Statistics show that Piedmont Lithium Inc has underperformed its competitors in share price, compared to the industry in which it operates. Piedmont Lithium Inc (PLL) shares have gone up 2.62% during the last six months, with a year-to-date growth rate less than the industry average at -98.25% against 18.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -137.00% this quarter and then jump 89.40% in the quarter after that. In the rating firms’ projections, revenue will increase 180.80% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 34.77M as predicted by 6 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 52.9M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 47.13M and -7.31M respectively. In this case, analysts expect current quarter sales to shrink by -26.20% and then drop by -823.70% in the coming quarter.
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 -38.06% in 2024.
PLL Dividends
Piedmont Lithium Inc is due to release its next quarterly earnings in November. 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 7.95% of total outstanding shares while institutional holders control 44.29%, with the float percentage being 48.11%. BLACKROCK INC. is the largest shareholder of the company, while 177.0 institutions own stock in it. As of 2024-06-30, the company held over 1.41 million shares (or 7.3623% of all shares), a total value of $14.11 million in shares.
The next largest institutional holding, with 1.05 million shares, is of VANGUARD GROUP INC’s that is approximately 5.4673% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.48 million.
