Standard Lithium Ltd [AMEX: SLI] traded at a high on Thursday, posting a 7.01 gain after which it closed the day’ session at $1.68.
The results of the trading session contributed to over 3723398 shares changing hands. Over the past one week, the price volatility of Standard Lithium Ltd stands at 7.56% while the volatility over the past one month is 7.25%.
The market cap for SLI stock reached $313.45 million, with 184.58 million shares outstanding and 173.88 million shares in the current float. Compared to the average trading volume of 1.79M shares, SLI reached a trading volume of 3723398 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $3.32 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 0.12 The Price to Book ratio for the last quarter was 1.26, with the Price to Cash per share for the same quarter was set at 0.16.
How has SLI stock performed recently?
Standard Lithium Ltd [SLI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.18. With this latest performance, SLI shares gained by 13.51% in over the last four-week period, additionally plugging by 19.15% over the last 6 months – not to mention a rise of 16.67% 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 55.28, with the RSI for the last a single of trading hit 59.86, and the three-weeks RSI is set at 52.34 for Standard Lithium Ltd [SLI]. The present Moving Average for the last 50 days of trading for this stock 1.6882, while it was recorded at 1.5820 for the last single week of trading, and 1.5129 for the last 200 days.
Standard Lithium Ltd [SLI]: Deeper insight into the fundamentals
Standard Lithium Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.37 and a Current Ratio set at 4.37.
Insider trade positions for Standard Lithium Ltd [SLI]
There are presently around $9.29%, or 10.81%% 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%.
