Standard Lithium Ltd (AMEX: SLI)’s stock price has dropped by -3.25 in relation to previous closing price of 1.23. Nevertheless, the company has seen a gain of 1.71% in its stock price over the last five trading days. investorplace.com reported 2024-08-13 that Lithium stocks may be some of the most hated investments at the moment. However, that gives us even more reason to buy.
Is It Worth Investing in Standard Lithium Ltd (AMEX: SLI) Right Now?
The 36-month beta value for SLI is at 1.98.
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The public float for SLI is 170.70M, and currently, shorts hold a 3.42% of that float. The average trading volume for SLI on August 23, 2024 was 793.65K shares.
SLI’s Market Performance
SLI stock saw a decrease of 1.71% in the past week, with a monthly decline of -13.14% and a quarterly a decrease of -32.77%. The volatility ratio for the week is 4.61%, and the volatility levels for the last 30 days are 5.91% for Standard Lithium Ltd (SLI). The simple moving average for the last 20 days is -2.42% for SLI’s stock, with a simple moving average of -22.50% for the last 200 days.
SLI Trading at -6.74% from the 50-Day Moving Average
After a stumble in the market that brought SLI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -69.41% of loss for the given period.
Volatility was left at 5.91%, however, over the last 30 days, the volatility rate increased by 4.61%, as shares sank -10.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.00% lower at present.
During the last 5 trading sessions, SLI rose by +1.71%, which changed the moving average for the period of 200-days by -58.68% in comparison to the 20-day moving average, which settled at $1.2125. In addition, Standard Lithium Ltd saw -41.09% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for SLI
The total capital return value is set at -0.37. Equity return is now at value -34.63, with -32.71 for asset returns.
Based on Standard Lithium Ltd (SLI), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at -30.49. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -662.81.
Currently, EBITDA for the company is -45.38 million with net debt to EBITDA at 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.69.
Conclusion
In conclusion, Standard Lithium Ltd (SLI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
