Piedmont Lithium Inc [PLL] stock prices are up 11.75% to $8.75 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The PLL shares have gain 20.69% over the last week, with a monthly amount drifted -4.79%, 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 August 12, 2024, when Macquarie downgraded its rating to a Neutral but kept the price target unchanged to $9.30 for it. Previously, BTIG Research downgraded its rating to Neutral on February 23, 2024. On February 16, 2024, BMO Capital Markets initiated with a Market Perform rating and assigned a price target of $20 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $20 on January 29, 2024. JP Morgan initiated its recommendation with a Neutral and recommended $25 as its price target on December 11, 2023. Macquarie started tracking with a Outperform rating for this stock on March 08, 2023, and assigned it a price target of $140.
The stock price of Piedmont Lithium Inc [PLL] has been fluctuating between $6.57 and $40.50 over the past year. Currently, Wall Street analysts expect the stock to reach $8.9 within the next 12 months. Piedmont Lithium Inc [NASDAQ: PLL] shares were valued at $8.75 at the most recent close of the market. An investor can expect a potential return of 1.71% based on the average PLL price forecast.
Analyzing the PLL fundamentals
Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at -0.24%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is -0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 8.29 points at the first support level, and at 7.84 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.10, and for the 2nd resistance point, it is at 9.46.
Ratios To Look Out For
It’s worth pointing out that Piedmont Lithium Inc [NASDAQ:PLL]’s Current Ratio is 2.32. On the other hand, the Quick Ratio is 2.32, and the Cash Ratio is 2.2. Considering the valuation of this stock, the price to sales ratio is 3.61, the price to book ratio is 0.57.
