In last trading session, Piedmont Lithium Inc (NASDAQ:PLL) saw 0.72 million shares changing hands with its beta currently measuring 0.73. Company’s recent per share price level of $11.46 trading at -$0.66 or -5.45% at ring of the bell on the day assigns it a market valuation of $222.67M. That closing price of PLL’s stock is at a discount of -177.66% from its 52-week high price of $31.82 and is indicating a premium of 42.67% from its 52-week low price of $6.57. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.85 million shares which gives us an average trading volume of 839.38K if we extend that period to 3-months.
For Piedmont Lithium Inc (PLL), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.56. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.57 in the current quarter.
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Piedmont Lithium Inc (NASDAQ:PLL) trade information
Upright in the red during last session for losing -5.45%, in the last five days PLL remained trading in the red while hitting it’s week-highest on Monday, 11/04/24 when the stock touched $11.46 price level, adding 17.97% to its value on the day. Piedmont Lithium Inc’s shares saw a change of -59.40% in year-to-date performance and have moved -14.67% in past 5-day. Piedmont Lithium Inc (NASDAQ:PLL) showed a performance of -16.29% in past 30-days. Number of shares sold short was 3.88 million shares which calculate 3.4 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 8.9 to the stock, which implies a fall of -28.76% to its current value. Analysts have been projecting 8.5 as a low price target for the stock while placing it at a high target of 9.3. It follows that stock’s current price would jump 25.83% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.83% for stock’s current value.
Piedmont Lithium Inc (PLL) estimates and forecasts
Statistics highlight that Piedmont Lithium Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -13.25% of value to its shares in past 6 months, showing an annual growth rate of -133.33% while that of industry is 15.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 153.30% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 28.19M for the same. And 5 analysts are in estimates of company making revenue of 47.3M in the next quarter. Company posted 47.13M and -7.31M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -126.72% during past 5 years.
Piedmont Lithium Inc (NASDAQ:PLL)’s Major holders
Insiders are in possession of 7.95% of company’s total shares while institution are holding 42.17 percent of that, with stock having share float percentage of 45.81%. Investors also watch the number of corporate investors in a company very closely, which is 42.17% institutions for Piedmont Lithium Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at PLL for having 1.41 million shares of worth $14.11 million. And as of 2024-06-30, it was holding 7.3623 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.05 million shares on 2024-06-30. The number of shares represents firm’s hold over 5.4673 of outstanding shares, having a total worth of $10.48 million.
