Standard Lithium Ltd [AMEX: SLI] gained 4.29% or 0.06 points to close at $1.46 with a heavy trading volume of 29614559 shares.
The daily chart for SLI points out that the company has recorded -27.00% loss over the past six months.
If we look at the average trading volume of 1.22M shares, SLI reached to a volume of 29614559 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $3.13 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 0.11 The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 0.15.
Trading performance analysis for SLI stock
Standard Lithium Ltd [SLI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.96. With this latest performance, SLI shares gained by 12.31% in over the last four-week period, additionally sinking by -27.00% over the last 6 months – not to mention a rise of 31.53% 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 61.54, with the RSI for the last a single of trading hit 68.36, and the three-weeks RSI is set at 57.05 for Standard Lithium Ltd [SLI]. The present Moving Average for the last 50 days of trading for this stock 1.3332, while it was recorded at 1.3680 for the last single week of trading, and 1.5113 for the last 200 days.
Standard Lithium Ltd [SLI]: A deeper dive into fundamental analysis
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.
An analysis of Institutional ownership at Standard Lithium Ltd [SLI]
There are presently around $9.44%, or 10.88%% 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 7.4966%. 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 1.675%.
