Standard Lithium Ltd [AMEX: SLI] price surged by 12.69 percent to reach at $0.25.
The one-year SLI stock forecast points to a potential upside of 32.11. The average equity rating for SLI stock is currently 1.00, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Standard Lithium Ltd [SLI]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SLI shares is $3.27 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SLI stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Standard Lithium Ltd shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 16, 2024. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on March 16, 2022, representing the official price target for Standard Lithium Ltd stock.
The Average True Range (ATR) for Standard Lithium Ltd is set at 0.22 The Price to Book ratio for the last quarter was 1.64, with the Price to Cash per share for the same quarter was set at 0.21.
SLI Stock Performance Analysis:
Standard Lithium Ltd [SLI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 13.27. With this latest performance, SLI shares gained by 32.14% in over the last four-week period, additionally plugging by 103.67% over the last 6 months – not to mention a drop of -22.65% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SLI stock in for the last two-week period is set at 63.23, with the RSI for the last a single of trading hit 63.65, and the three-weeks RSI is set at 62.67 for Standard Lithium Ltd [SLI]. The present Moving Average for the last 50 days of trading for this stock 1.4900, while it was recorded at 2.0300 for the last single week of trading, and 1.3800 for the last 200 days.
Insight into Standard Lithium Ltd Fundamentals:
Standard Lithium Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.30 and a Current Ratio set at 3.30.
Standard Lithium Ltd [SLI] Institutonal Ownership Details
There are presently around $10.22%, or 12.06%% of SLI stock, in the hands of institutional investors. The top three institutional holders of SLI stocks are: KOCH INDUSTRIES INC with ownership of 13.48 million shares, which is approximately 7.5636%. INVESCO LTD., holding 3.7 million shares of the stock with an approximate value of $$4.63 million in SLI stocks shares; and INVESCO LTD., currently with $$3.77 million in SLI stock with ownership which is approximately 1.6899%.
