At the time of writing, Piedmont Lithium Inc [PLL] stock is trading at $12.44, up 10.48%. An important factor to consider is whether the stock is rising or falling in short-term value. The PLL shares have gain 7.71% over the last week, with a monthly amount glided 50.42%, 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 October 21, 2024, when JP Morgan downgraded its rating to a Underweight and also revised its price target to $8 from $9. Previously, Macquarie downgraded its rating to Underperform on October 16, 2024, and kept the price target unchanged to $7.80. On August 12, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $9.30 on the stock. BTIG Research downgraded its rating to a Neutral. BMO Capital Markets initiated its recommendation with a Market Perform and recommended $20 as its price target on February 16, 2024. TD Cowen downgraded its rating to Market Perform for this stock on January 29, 2024, and downed its price target to $20. In a note dated December 11, 2023, JP Morgan initiated an Neutral rating and provided a target price of $25 on this stock.
For the past year, the stock price of Piedmont Lithium Inc fluctuated between $6.57 and $31.82. 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 $12.44 at the most recent close of the market. An investor can expect a potential drop of -28.46% 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. 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 11.57 points at the first support level, and at 10.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.89, and for the 2nd resistance point, it is at 13.34.
Ratios To Look Out For
It is important to note that Piedmont Lithium Inc [NASDAQ:PLL] has a current ratio of 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 5.13, the price to book ratio is 0.80.
