Standard Lithium Ltd (AMEX:SLI) Drops -4.23 Percent, But More Could Be Coming.

In last trading session, Standard Lithium Ltd (AMEX:SLI) saw 1.17 million shares changing hands with its beta currently measuring 1.84. Company’s recent per share price level of $1.36 trading at -$0.06 or -4.23% at ring of the bell on the day assigns it a market valuation of $253.75M. That closing price of SLI’s stock is at a discount of -94.12% from its 52-week high price of $2.64 and is indicating a premium of 22.79% from its 52-week low price of $1.05. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.38 million shares which gives us an average trading volume of 2.21 million if we extend that period to 3-months.

For Standard Lithium Ltd (SLI), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. 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 -0.04 in the current quarter.

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Standard Lithium Ltd (AMEX:SLI) trade information

Upright in the red during last session for losing -4.23%, in the last five days SLI remained trading in the red while hitting it’s week-highest on Thursday, 12/12/24 when the stock touched $1.36 price level, adding 17.58% to its value on the day. Standard Lithium Ltd’s shares saw a change of -32.67% in year-to-date performance and have moved -16.56% in past 5-day. Standard Lithium Ltd (AMEX:SLI) showed a performance of -16.05% in past 30-days. Number of shares sold short was 4.42 million shares which calculate 1.66 days to cover the short interests.

Standard Lithium Ltd (SLI) estimates and forecasts

Statistics highlight that Standard Lithium Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 10.57% of value to its shares in past 6 months, showing an annual growth rate of 46.15% while that of industry is -8.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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

Insiders are in possession of 14.01% of company’s total shares while institution are holding 9.29 percent of that, with stock having share float percentage of 10.81%. Investors also watch the number of corporate investors in a company very closely, which is 9.29% institutions for Standard Lithium Ltd that are currently holding shares of the company. KOCH INDUSTRIES INC is the top institutional holder at SLI for having 13.48 million shares of worth $16.85 million. And as of 2024-06-30, it was holding 7.5636 of the company’s outstanding shares.

The second largest institutional holder is INVESCO LTD., which was holding about 3.7 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.0788 of outstanding shares, having a total worth of $4.63 million.