In the past week, PLL stock has gone up by 1.38%, with a monthly gain of 2.44% and a quarterly surge of 92.89%. The volatility ratio for the week is 8.41%, and the volatility levels for the last 30 days are 9.72% for Piedmont Lithium Inc The simple moving average for the past 20 days is 9.87% for PLL’s stock, with a 16.95% simple moving average for the past 200 days.
Is It Worth Investing in Piedmont Lithium Inc (NASDAQ: PLL) Right Now?
The 36-month beta value for PLL is also noteworthy at 0.72. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PLL is 17.81M, and at present, short sellers hold a 20.44% of that float. The average trading volume of PLL on November 12, 2024 was 847.48K shares.
PLL) stock’s latest price update
Piedmont Lithium Inc (NASDAQ: PLL) has seen a rise in its stock price by 12.60 in relation to its previous close of 12.15. However, the company has experienced a 1.38% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-12 that Piedmont Lithium Inc. (PLL) came out with a quarterly loss of $0.86 per share versus the Zacks Consensus Estimate of a loss of $0.46. This compares to earnings of $0.88 per share a year ago.
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 28.42% 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 -57.02% of loss for the given period.
Volatility was left at 9.72%, however, over the last 30 days, the volatility rate increased by 8.41%, as shares surge +7.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +90.84% upper at present.
During the last 5 trading sessions, PLL rose by +5.75%, which changed the moving average for the period of 200-days by -17.59% in comparison to the 20-day moving average, which settled at $12.48. In addition, Piedmont Lithium Inc saw -51.56% 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 3.51. 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 summary, Piedmont Lithium Inc (PLL) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
