Piedmont Lithium Inc. (NASDAQ:PLL) went down by -19.91% from its latest closing price compared to the recent 1-year high of $88.97. The company’s stock price has collected -26.98% of loss in the last five trading sessions. Press Release reported 3 hours ago that The Law Offices of Frank R. Cruz Announces Investigation of Piedmont Lithium (PLL) on Behalf of Investors
Is It Worth Investing in Piedmont Lithium Inc. (NASDAQ :PLL) Right Now?
Opinions of the stock are interesting as 7 analysts out of 7 who provided ratings for Piedmont Lithium Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 0 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $87.96, which is $27.31 above the current price. PLL currently public float of 2.62M and currently shorts hold a 20.71% ratio of that float. Today, the average trading volume of PLL was 393.32K shares.
PLL’s Market Performance
PLL stocks went down by -26.98% for the week, with a monthly drop of -25.54% and a quarterly performance of -20.67%, while its annual performance rate touched 735.04%. The volatility ratio for the week stands at 10.84% while the volatility levels for the past 30 days are set at 7.01% for Piedmont Lithium Inc.. The simple moving average for the period of the last 20 days is -29.06% for PLL stocks with a simple moving average of -2.62% for the last 200 days.
Analysts’ Opinion of PLL
Many brokerage firms have already submitted their reports for PLL stocks, with Clarksons Platou repeating the rating for PLL by listing it as a “Buy.” The predicted price for PLL in the upcoming period, according to Clarksons Platou is $86 based on the research report published on May 05th of the current year 2021.
JP Morgan, on the other hand, stated in their research note that they expect to see PLL reach a price target of $86. The rating they have provided for PLL stocks is “Overweight” according to the report published on May 04th, 2021.
B. Riley Securities gave a rating of “Buy” to PLL, setting the target price at $66 in the report published on January 25th of the current year.
PLL Trading at -25.58% from the 50-Day Moving Average
After a stumble in the market that brought PLL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.22% of loss for the given period.
Volatility was left at 7.01%, however, over the last 30 days, the volatility rate increased by 10.84%, as shares sank -25.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -23.29% lower at present.
During the last 5 trading sessions, PLL fell by -26.98%, which changed the moving average for the period of 200-days by +36.54% in comparison to the 20-day moving average, which settled at $70.34. In addition, Piedmont Lithium Inc. saw 90.28% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at PLL starting from Armstrong Jeffrey T., who purchase 2,500 shares at the price of $69.62 back on Jul 07. After this action, Armstrong Jeffrey T. now owns 20,000 shares of Piedmont Lithium Inc., valued at $174,044 using the latest closing price.
Jones Susan C., the Director of Piedmont Lithium Inc., purchase 4,000 shares at $73.06 during a trade that took place back on Jul 06, which means that Jones Susan C. is holding 4,000 shares at $292,260 based on the most recent closing price.
Stock Fundamentals for PLL
The total capital return value is set at -41.52, while invested capital returns managed to touch -37.12.
Based on Piedmont Lithium Inc. (PLL), the company’s capital structure generated 10.76 points at debt to equity in total, while total debt to capital is 9.71. Total debt to assets is 9.35, with long-term debt to equity ratio resting at 7.82. Finally, the long-term debt to capital ratio is 7.06.
The liquidity ratio also appears to be rather interesting for investors as it stands at 11.10.