Standard Lithium Ltd [AMEX: SLI] gained 14.23% or 0.34 points to close at $2.73 with a heavy trading volume of 7587927 shares.
It opened the trading session at $2.5, the shares rose to $2.79 and dropped to $2.43, the range by which the price of stock traded the whole day. The daily chart for SLI points out that the company has recorded 60.59% gains over the past six months.
If we look at the average trading volume of 2.42M shares, SLI reached to a volume of 7587927 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 $3.03 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 1.25. 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 Price to Book ratio for the last quarter was 2.25, with the Price to Cash per share for the same quarter was set at 0.16.
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 22.42. With this latest performance, SLI shares gained by 47.57% in over the last four-week period, additionally plugging by 60.59% over the last 6 months – not to mention a rise of 86.99% in the past year of trading.
Standard Lithium Ltd [SLI]: A deeper dive into fundamental analysis
Return on Equity for this stock inclined to 47.70%, with Return on Assets sitting at 47.70%.
An analysis of Institutional ownership at Standard Lithium Ltd [SLI]
There are presently around $7.58%, or 8.58% 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%.
