Standard Lithium Ltd (SLI) Shares Up Despite Recent Market Volatility

Standard Lithium Ltd (AMEX: SLI) has seen a rise in its stock price by 22.63 in relation to its previous close of 1.37. However, the company has experienced a 40.00% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-09-23 that DOE conditional grant for the South West Arkansas project is one of the largest ever received by a U.S. critical minerals project DOE conditional grant for the South West Arkansas project is one of the largest ever received by a U.S. critical minerals project

Is It Worth Investing in Standard Lithium Ltd (AMEX: SLI) Right Now?

Moreover, the 36-month beta value for SLI is 1.98.

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The public float for SLI is 169.70M and currently, short sellers hold a 2.46% of that float. On September 24, 2024, SLI’s average trading volume was 800.86K shares.

SLI’s Market Performance

SLI stock saw an increase of 40.00% in the past week, with a monthly gain of 41.18% and a quarterly increase of 40.00%. The volatility ratio for the week is 8.70%, and the volatility levels for the last 30 days are 7.41% for Standard Lithium Ltd (SLI). The simple moving average for the last 20 days is 37.14% for SLI stock, with a simple moving average of 19.93% for the last 200 days.

SLI Trading at 34.49% 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 -53.20% of loss for the given period.

Volatility was left at 7.41%, however, over the last 30 days, the volatility rate increased by 8.70%, as shares surge +34.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.32% upper at present.

During the last 5 trading sessions, SLI rose by +40.00%, which changed the moving average for the period of 200-days by -16.42% in comparison to the 20-day moving average, which settled at $1.2465. In addition, Standard Lithium Ltd saw -16.83% 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

To wrap up, the performance of Standard Lithium Ltd (SLI) has been mixed in recent times. The stock has received a mixed of “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.

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