Now Is The Time To Build A Position In Standard Lithium Ltd (AMEX:SLI)

Standard Lithium Ltd (AMEX:SLI) has a beta value of 1.84 and has seen 1.96 million shares traded in the last trading session. The company, currently valued at $482.67M, closed the last trade at $1.76 per share which meant it gained $0.03 on the day or 1.73% during that session. The SLI stock price is -50.0% off its 52-week high price of $2.64 and 40.34% above the 52-week low of $1.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.06 million shares traded. The 3-month trading volume is 2.04 million shares.

The consensus among analysts is that Standard Lithium Ltd (SLI) is Buy stock at the moment, with a recommendation rating of 1.00. 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 -0.04.

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Standard Lithium Ltd (AMEX:SLI) trade information

Sporting 1.73% 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 SLI stock price touched $1.76 or saw a rise of 4.09%. Year-to-date, Standard Lithium Ltd shares have moved -12.87%, while the 5-day performance has seen it change 8.64%. Over the past 30 days, the shares of Standard Lithium Ltd (AMEX:SLI) have changed -19.27%. Short interest in the company has seen 4.42 million shares shorted with days to cover at 1.66.

Standard Lithium Ltd (SLI) estimates and forecasts

Figures show that Standard Lithium Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 1.73% over the past 6 months, with this year growth rate of 61.54%, compared to -9.10% for the industry. Revenue growth from the last financial year stood is estimated to be 0.00%.

SLI Dividends

Standard Lithium Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Standard Lithium Ltd (AMEX:SLI)’s Major holders

Insiders own 14.01% of the company shares, while shares held by institutions stand at 9.29% with a share float percentage of 10.81%. Investors are also buoyed by the number of investors in a company, with Standard Lithium Ltd having a total of 116.0 institutions that hold shares in the company. The top two institutional holders are KOCH INDUSTRIES INC with over 13.48 million shares worth more than $16.85 million. As of 2024-06-30, KOCH INDUSTRIES INC held 7.5636% of shares outstanding.

The other major institutional holder is INVESCO LTD., with the holding of over 3.7 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.63 million and represent 2.0788% of shares outstanding.

Also the top two Mutual Funds that are holding company’s shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and VanEck ETF Trust-VanEck Rare Earth/Strategic Metals ETF . As of Sep 30, 2024 , the former fund manager holds about 1.93% shares in the company for having 3.34 shares of worth $5.88 million while later fund manager owns 2.18 shares of worth $3.84 million as of Sep 30, 2024 , which makes it owner of about 1.26% of company’s outstanding stock.