Piedmont Lithium Inc [NASDAQ: PLL] plunged by -$0.04 during the normal trading session on while it closed the day at $6.38.
Piedmont Lithium Inc stock has also loss -2.74% of its value over the past 7 days. However, PLL stock has declined by -19.85% in the 3 months of the year. Over the past six months meanwhile, it has lost -47.92% and lost -27.00% year-on date.
The market cap for PLL stock reached $140.04 million, with 21.94 million shares outstanding and 20.31 million shares in the current float. Compared to the average trading volume of 265.57K shares, PLL reached a trading volume of 119994 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Piedmont Lithium Inc [PLL]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PLL shares is $25.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PLL stock is a recommendation set at 2.00. 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.
Macquarie have made an estimate for Piedmont Lithium Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 21, 2024. While these analysts kept the previous recommendation, ROTH MKM dropped their target price from $32 to $13. The new note on the price target was released on November 20, 2024, representing the official price target for Piedmont Lithium Inc stock. Previously, the target price had yet another drop from $9 to $8, while JP Morgan kept a Underweight rating on PLL stock.
The Average True Range (ATR) for Piedmont Lithium Inc is set at 0.41, with the Price to Sales ratio for PLL stock in the period of the last 12 months amounting to 1.32. The Price to Book ratio for the last quarter was 0.49, with the Price to Cash per share for the same quarter was set at 3.14.
PLL stock trade performance evaluation
Piedmont Lithium Inc [PLL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.74. With this latest performance, PLL shares dropped by -28.40% in over the last four-week period, additionally sinking by -47.92% over the last 6 months – not to mention a drop of -60.42% 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 PLL stock in for the last two-week period is set at 40.50, with the RSI for the last a single of trading hit 35.76, and the three-weeks RSI is set at 42.88 for Piedmont Lithium Inc [PLL]. The present Moving Average for the last 50 days of trading for this stock 6.84, while it was recorded at 6.35 for the last single week of trading, and 8.96 for the last 200 days.
Piedmont Lithium Inc [PLL]: An insightful look at the core fundamentals
Piedmont Lithium Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.15 and a Current Ratio set at 2.15.
Piedmont Lithium Inc [PLL]: Institutional Ownership
There are presently around $27.22%, or 29.21%% of PLL stock, in the hands of institutional investors. The top three institutional holders of PLL stocks are: BLACKROCK INC. with ownership of 1.41 million shares, which is approximately 7.3623%. VANGUARD GROUP INC, holding 1.05 million shares of the stock with an approximate value of $$10.48 million in PLL stocks shares; and VANGUARD GROUP INC, currently with $$8.09 million in PLL stock with ownership which is approximately 4.2191%.
