A share price of Piedmont Lithium Inc [PLL] is currently trading at $14.46, up 5.62%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLL shares have gain 21.56% over the last week, with a monthly amount glided 99.45%, and 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.
Piedmont Lithium Inc experienced fluctuations in its stock price throughout the past year between $6.57 and $36.78. 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 $14.46 at the most recent close of the market. An investor can expect a potential drop of -38.45% 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 0.02%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.04 and Total Capital is 0.0. 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 13.51 points at the first support level, and at 12.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.27, and for the 2nd resistance point, it is at 16.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Piedmont Lithium Inc [NASDAQ:PLL] is 2.32. As well, the Quick Ratio is 2.32, while the Cash Ratio is 2.2. Considering the valuation of this stock, the price to sales ratio is 5.96, the price to book ratio is 0.93.
