At the time of writing, Piedmont Lithium Inc [PLL] stock is trading at $13.21, up 8.55%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PLL shares have gain 17.53% over the last week, with a monthly amount drifted -0.83%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Piedmont Lithium Inc [NASDAQ: PLL] stock has seen the most recent analyst activity on February 23, 2024, when BTIG Research downgraded its rating to a Neutral. Previously, BMO Capital Markets started tracking the stock with Market Perform rating on February 16, 2024, and set its price target to $20. On January 29, 2024, downgrade downgraded it’s rating to Market Perform and revised its price target to $20 on the stock. JP Morgan started tracking the stock assigning a Neutral rating and suggested a price target of $25 on December 11, 2023. Macquarie initiated its recommendation with a Outperform and recommended $140 as its price target on March 08, 2023. In a note dated May 23, 2022, Cowen initiated an Outperform rating and provided a target price of $90 on this stock.
For the past year, the stock price of Piedmont Lithium Inc fluctuated between $10.82 and $65.72. Piedmont Lithium Inc [NASDAQ: PLL] shares were valued at $13.21 at the most recent close of the market.
Analyzing the PLL fundamentals
Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -0.48%, Pretax Profit Margin comes in at -0.09%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 12.66 points at the first support level, and at 12.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.61, and for the 2nd resistance point, it is at 14.02.
Piedmont Lithium Inc [PLL] reported earnings per share of -$1.32 for its fiscal quarter that ended on 12/31/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of -$1.77 and a surprise factor of -393.30%. By comparison, the stated earnings for the previous quarter ended on 9/30/2023 were $1.19 per share as compared to estimates of $1.5 per share, a difference of -$0.31 representing a surprise of -20.70%.
Ratios To Look Out For
It is important to note that Piedmont Lithium Inc [NASDAQ:PLL] has a current ratio of 2.85. Also, the Quick Ratio is 2.85, while the Cash Ratio stands at 2.2. Considering the valuation of this stock, the price to sales ratio is 5.43, the price to book ratio is 0.73.
Transactions by insiders
Recent insider trading involved Demby Claude, Director, that happened on Aug 30 ’23 when 782.0 shares were sold. EVP and CFO, WHITE MICHAEL D completed a deal on May 11 ’23 to sell 1316.0 shares.
