PLL has 36-month beta value of 0.76. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 0 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for PLL is 17.81M, and currently, short sellers hold a 21.77% ratio of that float. The average trading volume of PLL on November 07, 2024 was 828.09K shares.
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PLL) stock’s latest price update
The stock of Piedmont Lithium Inc (NASDAQ: PLL) has decreased by -8.30 when compared to last closing price of 13.49.Despite this, the company has seen a loss of -6.99% in its stock price over the last five trading days. businesswire.com reported 2024-10-30 that BELMONT, N.C.–(BUSINESS WIRE)—- $PLL #EV–Piedmont Lithium (“Piedmont” or the “Company”) (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that it will release its third quarter 2024 earnings by 7:00 a.m. Eastern Time (U.S. and Canada), prior to the Nasdaq open on Tuesday, November 12, 2024. The Company will hold a conference call to discuss third quarter 2024 results on Tuesday, November 12, 2024, at 8:30 a.
PLL’s Market Performance
Piedmont Lithium Inc (PLL) has experienced a -6.99% fall in stock performance for the past week, with a -2.83% drop in the past month, and a 40.73% rise in the past quarter. The volatility ratio for the week is 7.62%, and the volatility levels for the past 30 days are at 10.46% for PLL. The simple moving average for the past 20 days is -2.73% for PLL’s stock, with a 4.89% simple moving average for the past 200 days.
Analysts’ Opinion of PLL
Many brokerage firms have already submitted their reports for PLL stocks, with JP Morgan repeating the rating for PLL by listing it as a “Underweight.” The predicted price for PLL in the upcoming period, according to JP Morgan is $8 based on the research report published on October 21, 2024 of the current year 2024.
Macquarie, on the other hand, stated in their research note that they expect to see PLL reach a price target of $7.80. The rating they have provided for PLL stocks is “Underperform” according to the report published on October 16th, 2024.
Macquarie gave a rating of “Neutral” to PLL, setting the target price at $9.30 in the report published on August 12th of the current year.
PLL Trading at 20.06% 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 -61.13% of loss for the given period.
Volatility was left at 10.46%, however, over the last 30 days, the volatility rate increased by 7.62%, as shares sank -12.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.26% upper at present.
During the last 5 trading sessions, PLL fell by -6.99%, which changed the moving average for the period of 200-days by -29.15% in comparison to the 20-day moving average, which settled at $12.72. In addition, Piedmont Lithium Inc saw -56.18% 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:
- 0.02 for the present operating margin
- 0.5 for the gross margin
The net margin for Piedmont Lithium Inc stands at 0.26. The total capital return value is set at 0.0.
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 10.51. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 44.78.
Currently, EBITDA for the company is -9.56 million with net debt to EBITDA at -6.16. When we switch over and look at the enterprise to sales, we see a ratio of 3.12. 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
To put it simply, Piedmont Lithium Inc (PLL) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
