In the latest trading session, 0.92 million Piedmont Lithium Inc (NASDAQ:PLL) shares changed hands as the company’s beta touched 0.72. With the company’s most recent per share price at $13.59 changing hands around $1.44 or 11.89% at last look, the market valuation stands at $264.05M. PLL’s current price is a discount, trading about -134.14% off its 52-week high of $31.82. The share price had its 52-week low at $6.57, which suggests the last value was 51.66% up since then. When we look at Piedmont Lithium Inc’s average trading volume, we note the 10-day average is 0.78 million shares, with the 3-month average coming to 847.48K.
Analysts gave the Piedmont Lithium Inc (PLL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.56. If we narrow down to specifics, the data shows that 0 out of 1 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended PLL as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Piedmont Lithium Inc’s EPS for the current quarter is expected to be -0.57.
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Piedmont Lithium Inc (NASDAQ:PLL) trade information
Instantly PLL is in green as seen in intraday trades today. With action 0.74%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -51.86%, with the 5-day performance at 0.74% in the green. However, in the 30-day time frame, Piedmont Lithium Inc (NASDAQ:PLL) is 1.79% up. Looking at the short shares, we see there were 3.88 million shares sold at short interest cover period of 3.4 days.
The consensus price target for the stock as assigned by Wall Street analysts is 8.9, meaning bulls need a downside of -52.7% from its recent market value. According to analyst projections, PLL’s forecast low is 8.5 with 9.3 as the target high. To hit the forecast high, the stock’s price needs a 31.57% surge from its current level, while the stock would need to tank 37.45% for it to hit the projected low.
Piedmont Lithium Inc (PLL) estimates and forecasts
Data shows that the Piedmont Lithium Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -13.11% over the past 6 months, a -133.33% in annual growth rate that is considerably lower than the industry average of 13.30%. Year-over-year growth is forecast to reach 153.30% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 28.19M. 5 analysts are of the opinion that Piedmont Lithium Inc’s revenue for the current quarter will be 47.3M. The company’s revenue for the corresponding quarters a year ago was 47.13M and -7.31M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -40.20%. The estimates for the next quarter sales put growth at -747.10%.
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 decrease by -45.63%.
PLL Dividends
Piedmont Lithium Inc is expected to release its next quarterly earnings report on 2024-Nov-12.
Piedmont Lithium Inc (NASDAQ:PLL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 7.95% of Piedmont Lithium Inc shares while 42.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 45.84%. There are 42.20% institutions holding the Piedmont Lithium Inc stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 7.3623% of the shares, roughly 1.41 million PLL shares worth $14.11 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 5.4673% or 1.05 million shares worth $10.48 million as of 2024-06-30.
