Piedmont Lithium Inc (NASDAQ: PLL) is -52.82% lower on its value in year-to-date trading and has touched a low of $11.27 and a high of $65.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PLL stock was last observed hovering at around $13.31 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $13.32, the stock is 0.66% and -7.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.44 million and changing 0.08% at the moment leaves the stock -60.29% off its SMA200. PLL registered -75.97% loss for a year compared to 6-month loss of -63.82%. The firm has a 50-day simple moving average (SMA 50) of $4.69 and a 200-day simple moving average (SMA200) of -$10.17.
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The stock witnessed a -3.90% gain in the last 1 month and extending the period to 3 months gives it a -54.94%, and is 3.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.85% over the week and 6.49% over the month.
Piedmont Lithium Inc (PLL) has around 63 employees, a market worth around $257.88M and $47.13M in sales. Fwd P/E is 5.50. Profit margin for the company is -15.47%. Distance from 52-week low is 18.19% and -79.73% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.09%).
Piedmont Lithium Inc quarterly earnings per share for the current quarter are estimated at -$0.36 with sales reaching $21.24M over the same period.The EPS is expected to grow by 148.51% this year, but quarterly earnings will post 291.60% year-over-year.
234 institutions hold shares in Piedmont Lithium Inc (PLL), with institutional investors hold 58.42% of the company’s shares. The shares outstanding are 19.27M, and float is at 17.90M with Short Float at 17.90%. Institutions hold 54.11% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 1.32 million shares valued at $76.22 million. The investor’s holdings represent 6.88% of the PLL Shares outstanding. As of Jun 29, 2023, the second largest holder is State Street Corporation with 1.13 million shares valued at $65.47 million to account for 5.91% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 0.98 million shares representing 5.09% and valued at over $56.39 million, while Van Eck Associates Corporation holds 2.89% of the shares totaling 0.55 million with a market value of $31.97 million.
Piedmont Lithium Inc (PLL) Insider Activity
The most recent transaction is an insider sale by Demby Claude, the company’s Director. SEC filings show that Demby Claude sold 782 shares of the company’s common stock on Aug 30 ’23 at a price of $45.12 per share for a total of $35284.0. Following the sale, the insider now owns 3455.0 shares.
Piedmont Lithium Inc disclosed in a document filed with the SEC on May 11 ’23 that WHITE MICHAEL D (EVP and CFO) sold a total of 1,316 shares of the company’s common stock. The trade occurred on May 11 ’23 and was made at $58.99 per share for $77626.0. Following the transaction, the insider now directly holds 14809.0 shares of the PLL stock.
