Piedmont Lithium Inc (NASDAQ: PLL) is -64.90% lower on its value in year-to-date trading and has touched a low of $6.57 and a high of $38.25 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 $10.44 in the last trading session, with the day’s loss setting it -0.53%.
Currently trading at $9.91, the stock is 25.19% and 17.68% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.77 million and changing -5.08% at the moment leaves the stock -25.94% off its SMA200. PLL registered -72.83% loss for a year compared to 6-month loss of -24.64%. The firm has a 50-day simple moving average (SMA 50) of $8.405 and a 200-day simple moving average (SMA200) of $13.282025.
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The stock witnessed a 26.24% gain in the last 1 month and extending the period to 3 months gives it a -3.79%, and is 7.72% 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 11.06% over the week and 8.98% over the month.
Piedmont Lithium Inc (PLL) has around 63 employees, a market worth around $192.55M and $47.13M in sales. Profit margin for the company is -15.47%. Distance from 52-week low is 50.95% and -74.09% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.41%).
The EPS is expected to shrink by -30.74% this year
177.0 institutions hold shares in Piedmont Lithium Inc (PLL), with institutional investors hold 48.10% of the company’s shares. The shares outstanding are 19.27M, and float is at 17.81M with Short Float at 18.79%. Institutions hold 44.28% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 1.41 million shares valued at $14.11 million. The investor’s holdings represent 7.3623 of the PLL Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.05 million shares valued at $10.48 million to account for 5.4673 of the shares outstanding. The other top investors are ENVESTNET ASSET MANAGEMENT INC which holds 0.94 million shares representing 4.8959 and valued at over $110.18 million, while INVESCO LTD. holds 4.2191 of the shares totaling 0.81 million with a market value of $8.09 million.
