A share price of Piedmont Lithium Inc [PLL] is currently trading at $7.62, up 11.15%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PLL shares have gain 7.39% over the last week, with a monthly amount drifted -8.68%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Piedmont Lithium Inc [NASDAQ: PLL] stock has seen the most recent analyst activity on November 21, 2024, when Macquarie upgraded its rating to a Neutral but kept the price target unchanged to $13.50 for it. Previously, ROTH MKM downgraded its rating to Neutral on November 20, 2024, and dropped its price target to $13. On October 21, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $8 on the stock. Macquarie downgraded its rating to a Underperform but stick to its price target of $7.80 on October 16, 2024. Macquarie downgraded its rating to a Neutral but $9.30 remained the price target by the analyst firm on August 12, 2024. BTIG Research downgraded its rating to Neutral for this stock on February 23, 2024. In a note dated February 16, 2024, BMO Capital Markets initiated an Market Perform rating and provided a target price of $20 on this stock.
Piedmont Lithium Inc experienced fluctuations in its stock price throughout the past year between $6.26 and $17.66. Currently, Wall Street analysts expect the stock to reach $11.5 within the next 12 months. Piedmont Lithium Inc [NASDAQ: PLL] shares were valued at $7.62 at the most recent close of the market. An investor can expect a potential return of 50.92% based on the average PLL price forecast.
Analyzing the PLL fundamentals
Trailing Twelve Months sales for Piedmont Lithium Inc [NASDAQ:PLL] were 99.88M which represents -3.27% decline. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.06 and Total Capital is -0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 7.13 points at the first support level, and at 6.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.91, and for the 2nd resistance point, it is at 8.19.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Piedmont Lithium Inc [NASDAQ:PLL] is 2.23. Further, the Quick Ratio stands at 2.23, while the Cash Ratio is 7.4. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 0.56.
Transactions by insiders
Recent insider trading involved Phillips Keith D., President and CEO, that happened on Dec 10 ’24 when 41867.0 shares were sold.
