In today’s recent session, 0.63 million shares of the Piedmont Lithium Inc (NASDAQ:PLL) have been traded, and its beta is 0.74. Most recently the company’s share price was $10.41, and it changed around -$1.84 or -15.03% from the last close, which brings the market valuation of the company to $202.34M. PLL at last check was trading at a discount to its 52-week high of $31.82, offering almost -205.67% off that amount. The share price’s 52-week low was $6.57, which indicates that the recent value has risen by an impressive 36.89% since then. We note from Piedmont Lithium Inc’s average daily trading volume that its 10-day average is 0.85 million shares, with the 3-month average coming to 865.63K.
Piedmont Lithium Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.50. If we narrow it down even further, the data shows that 1 out of 12 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended PLL as a Hold, whereas 4 deemed it a Buy, and 1 rated it as Underweight. Piedmont Lithium Inc is expected to report earnings per share of -0.25 for the current quarter.
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Piedmont Lithium Inc (NASDAQ:PLL) trade information
Instantly PLL has been showing red trend so far today with a performance of -15.03% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 14.22 on recent trading dayincreased the stock’s daily price by 26.79%. The company’s shares are currently down -63.13% year-to-date, but still down -19.63% over the last five days. On the other hand, Piedmont Lithium Inc (NASDAQ:PLL) is -1.16% down in the 30-day period. We can see from the shorts that 3.64 million shares have been sold at a short interest cover period of 2.76 day(s).
The consensus price target as assigned by Wall Street analysts is $9.4, which translates to bulls needing to decrease their stock price by -10.74% from its current value. Analyst projections state that PLL is forecast to be at a low of $9.3 and a high of $9.5.
Piedmont Lithium Inc (PLL) estimates and forecasts
Piedmont Lithium Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -35.31 percent over the past six months and at a -177.19% annual growth rate that is well below the industry average of 13.30%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 79.40% in revenue this quarter, and will report an increase of 87.70% in the next quarter. The year-over-year growth rate is expected to be 132.09%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 61.2M in revenue for the current quarter. 3 analysts expect Piedmont Lithium Inc to make 62.04M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were -11.17M and 20.39M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 647.69%. Forecasts for the next quarter put sales growth at 204.31%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -126.72%.
PLL Dividends
Piedmont Lithium Inc’s next quarterly earnings report is expected to be released in December.
Piedmont Lithium Inc (NASDAQ:PLL)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 7.92% of Piedmont Lithium Inc shares, and 41.04% of them are in the hands of institutional investors. The stock currently has a share float of 44.57%. Piedmont Lithium Inc stock is held by 165.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 7.3623% of the shares, which is about 1.41 million shares worth $14.11 million.
VANGUARD GROUP INC, with 5.4673% or 1.05 million shares worth $10.48 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Invesco Gold & Special Minerals Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 587.14 shares worth $6.15 million, making up 3.02% of all outstanding shares. On the other hand, Invesco Gold & Special Minerals Fund held roughly 501.58 shares worth around $5.25 million, which represents about 2.58% of the total shares outstanding.
