The stock of Piedmont Lithium Inc (NASDAQ: PLL) has increased by 5.24 when compared to last closing price of 6.87. Despite this, the company has experienced a -7.90% fall in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-09 that NEW YORK , Sept. 9, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Piedmont Lithium Inc. (“Piedmont Lithium” or the “Company”) (NASDAQ: PLL).
Is It Worth Investing in Piedmont Lithium Inc (NASDAQ: PLL) Right Now?
Company’s 36-month beta value is 0.85.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 0 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for PLL is 17.76M, and currently, short sellers hold a 19.06% ratio of that floaft. The average trading volume of PLL on September 11, 2024 was 506.73K shares.
PLL’s Market Performance
The stock of Piedmont Lithium Inc (PLL) has seen a -7.90% decrease in the past week, with a -1.50% drop in the past month, and a -39.04% fall in the past quarter. The volatility ratio for the week is 7.96%, and the volatility levels for the past 30 days are at 8.47% for PLL. The simple moving average for the last 20 days is -9.04% for PLL stock, with a simple moving average of -51.21% for the last 200 days.
Analysts’ Opinion of PLL
Many brokerage firms have already submitted their reports for PLL stocks, with Macquarie repeating the rating for PLL by listing it as a “Neutral.” The predicted price for PLL in the upcoming period, according to Macquarie is $9.30 based on the research report published on August 12, 2024 of the current year 2024.
BMO Capital Markets gave a rating of “Market Perform” to PLL, setting the target price at $20 in the report published on February 16th of the current year.
PLL Trading at -22.56% 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 -84.39% of loss for the given period.
Volatility was left at 8.47%, however, over the last 30 days, the volatility rate increased by 7.96%, as shares sank -9.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -27.09% lower at present.
During the last 5 trading sessions, PLL fell by -8.79%, which changed the moving average for the period of 200-days by -75.10% in comparison to the 20-day moving average, which settled at $7.91. In addition, Piedmont Lithium Inc saw -74.39% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PLL
Current profitability levels for the company are sitting at:
- -0.24 for the present operating margin
- 0.5 for the gross margin
The net margin for Piedmont Lithium Inc stands at 0.08. The total capital return value is set at -0.03. 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 3.81. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is -334.43.
Currently, EBITDA for the company is -9.56 million with net debt to EBITDA at -24.46. When we switch over and look at the enterprise to sales, we see a ratio of 1.03. 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 2.32.
Conclusion
In a nutshell, Piedmont Lithium Inc (PLL) has experienced a bad 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.
