Piedmont Lithium Inc (NASDAQ:PLL) has a beta value of 0.78 and has seen 1.43 million shares traded in the last trading session. The company, currently valued at $280.96M, closed the last trade at $14.46 per share which meant it gained $0.77 on the day or 5.62% during that session. The PLL stock price is -154.36% off its 52-week high price of $36.78 and 54.56% above the 52-week low of $6.57. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.64 million shares traded. The 3-month trading volume is 670.59K shares.
The consensus among analysts is that Piedmont Lithium Inc (PLL) is Buy stock at the moment, with a recommendation rating of 2.11. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.44.
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Piedmont Lithium Inc (NASDAQ:PLL) trade information
Sporting 5.62% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PLL stock price touched $14.46 or saw a rise of 6.35%. Year-to-date, Piedmont Lithium Inc shares have moved -48.78%, while the 5-day performance has seen it change 21.56%. Over the past 30 days, the shares of Piedmont Lithium Inc (NASDAQ:PLL) have changed 99.45%. Short interest in the company has seen 3.19 million shares shorted with days to cover at 6.15.
Wall Street analysts have a consensus price target for the stock at $8.9, which means that the shares’ value could drop -62.47% from current levels. The projected low price target is $8.5 while the price target rests at a high of $9.3. In that case, then, we find that the current price level is 35.68% off the targeted high while a plunge would see the stock lose 41.22% from current levels.
Piedmont Lithium Inc (PLL) estimates and forecasts
Figures show that Piedmont Lithium Inc shares have underperformed across the wider relevant industry. The company’s shares have gained 14.04% over the past 6 months, with this year growth rate of -116.67%, compared to 17.80% for the industry. Revenue growth from the last financial year stood is estimated to be 180.80%.
6 analysts offering their estimates for the company have set an average revenue estimate of 34.77M for the current quarter. 5 have an estimated revenue figure of 52.9M for the next ending quarter. Year-ago sales stood 47.13M and -7.31M respectively for this quarter and the next, and analysts expect sales will shrink by -26.20% for the current quarter and 180.80% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -126.72% over the past 5 years.
PLL Dividends
Piedmont Lithium Inc is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Piedmont Lithium Inc (NASDAQ:PLL)’s Major holders
Insiders own 7.95% of the company shares, while shares held by institutions stand at 44.29% with a share float percentage of 48.11%. Investors are also buoyed by the number of investors in a company, with Piedmont Lithium Inc having a total of 177.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 1.41 million shares worth more than $14.11 million. As of 2024-06-30, BLACKROCK INC. held 7.3623% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.05 million shares as of 2024-06-30. The firm’s total holdings are worth over $10.48 million and represent 5.4673% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Invesco Gold & Special Minerals Fund . As of Jun 30, 2024 , the former fund manager holds about 3.02% shares in the company for having 587.14 shares of worth $8.49 million while later fund manager owns 501.58 shares of worth $7.25 million as of Jul 31, 2024 , which makes it owner of about 2.58% of company’s outstanding stock.
