During the last session, Piedmont Lithium Inc (NASDAQ:PLL)’s traded shares were 0.64 million, with the beta value of the company hitting 0.51. At the end of the trading day, the stock’s price was $7.62, reflecting an intraday gain of 11.15% or $0.76. The 52-week high for the PLL share is $17.66, that puts it down -131.76 from that peak though still a striking 17.85% gain since the share price plummeted to a 52-week low of $6.26. The company’s market capitalization is $167.29M, and the average trade volume was 365.48K shares over the past three months.
Piedmont Lithium Inc (PLL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.33. PLL has a Sell rating from 0 analyst(s) out of 1 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.68.
Piedmont Lithium Inc (NASDAQ:PLL) trade information
Piedmont Lithium Inc (PLL) registered a 11.15% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 11.15% in intraday trading to $7.62, hitting a weekly high. The stock’s 5-day price performance is 7.39%, and it has moved by -8.68% in 30 days. Based on these gigs, the overall price performance for the year is -47.38%.
The consensus price target of analysts on Wall Street is $11.5, which implies an increase of 33.74% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9.5 and $13.5 respectively. As a result, PLL is trading at a discount of -77.17% off the target high and -24.67% off the low.
Piedmont Lithium Inc (PLL) estimates and forecasts
In the rating firms’ projections, revenue will increase 27.65% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 37.7M as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 52.56M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 20.39M and 20.13M respectively. In this case, analysts expect current quarter sales to grow by 84.92% and then jump by 161.12% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -191.07%. While earnings are projected to return 30.70% in 2025.
PLL Dividends
Piedmont Lithium Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 1.05 million shares, is of VANGUARD GROUP INC’s that is approximately 5.4673% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10.48 million.
Also, the Mutual Funds coming in first place with the largest holdings of Piedmont Lithium Inc (PLL) shares are Vanguard Total Stock Market Index Fund and Invesco Gold & Special Minerals Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 587.14 shares. This amounts to just over 2.68 percent of the company’s overall shares, with a $4.48 million market value. The same data shows that the other fund manager holds slightly less at 501.58, or about 2.29% of the stock, which is worth about $3.82 million.
