The stock of Piedmont Lithium Inc (PLL) has gone up by 22.54% for the week, with a 30.37% rise in the past month and a -28.26% drop in the past quarter. The volatility ratio for the week is 7.01%, and the volatility levels for the past 30 days are 6.18% for PLL. The simple moving average for the past 20 days is 26.88% for PLL’s stock, with a -47.25% simple moving average for the past 200 days.
Is It Worth Investing in Piedmont Lithium Inc (NASDAQ: PLL) Right Now?
Company’s 36-month beta value is 0.76.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for PLL is 17.92M, and currently, short sellers hold a 14.39% ratio of that floaft. The average trading volume of PLL on April 15, 2024 was 695.99K shares.
PLL) stock’s latest price update
Piedmont Lithium Inc (NASDAQ: PLL) has experienced a rise in its stock price by 28.82 compared to its previous closing price of 12.68. However, the company has seen a gain of 22.54% in its stock price over the last five trading days. Reuters reported 2024-04-15 that Miner Piedmont Lithium said that it had received a long-delayed permit for starting the construction its lithium mine from North Carolina regulators in a further boost to the supplies of the electric vehicle battery component in the United States.
Analysts’ Opinion of PLL
BMO Capital Markets, on the other hand, stated in their research note that they expect to see PLL reach a price target of $20. The rating they have provided for PLL stocks is “Market Perform” according to the report published on February 16th, 2024.
TD Cowen gave a rating of “Market Perform” to PLL, setting the target price at $20 in the report published on January 29th of the current year.
PLL Trading at 21.58% 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 -75.14% of loss for the given period.
Volatility was left at 6.18%, however, over the last 30 days, the volatility rate increased by 7.01%, as shares surge +36.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.77% upper at present.
During the last 5 trading sessions, PLL rose by +29.41%, which changed the moving average for the period of 200-days by -70.11% in comparison to the 20-day moving average, which settled at $13.11. In addition, Piedmont Lithium Inc saw -42.14% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PLL starting from Demby Claude, who sale 782 shares at the price of $45.12 back on Aug 30 ’23. After this action, Demby Claude now owns 3,455 shares of Piedmont Lithium Inc, valued at $35,284 using the latest closing price.
WHITE MICHAEL D, the EVP and CFO of Piedmont Lithium Inc, sale 1,316 shares at $58.99 during a trade that took place back on May 11 ’23, which means that WHITE MICHAEL D is holding 14,809 shares at $77,626 based on the most recent closing price.
Stock Fundamentals for PLL
Current profitability levels for the company are sitting at:
- -0.48 for the present operating margin
- 0.5 for the gross margin
The net margin for Piedmont Lithium Inc stands at -0.15. The total capital return value is set at -0.06. Equity return is now at value -4.57, with -4.39 for asset returns.
Based on Piedmont Lithium Inc (PLL), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at 0.7. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -442.53.
Currently, EBITDA for the company is -9.56 million with net debt to EBITDA at 12.76. When we switch over and look at the enterprise to sales, we see a ratio of 4.46. The receivables turnover for the company is 2.02for trailing twelve months and the total asset turnover is 0.12. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.85.
Conclusion
In a nutshell, Piedmont Lithium Inc (PLL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
