Piedmont Lithium Inc (NASDAQ:PLL) price is hovering higher on Monday, April 15, jumping 36.83% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $12.68. Taking into account the 52-week price action we note that the stock hit a 52-week high of $65.72 and 52-week low of $11.27. The stock added 38.47% on its value in the past month.
Piedmont Lithium Inc, which has a market valuation of $335.90 million. Analysts tracking PLL have forecast the quarterly EPS to shrink by -0.37 per share this quarter, while the same analysts predict the annual EPS to hit $0.2 for the year 2024 and up to $1.66 for 2025. In this case, analysts estimate an annual EPS growth of 117.50% for the year and 730.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $16.92 million, with the likely lows of $12 million and highs of $23 million. Staying with the analyst view, there is a consensus estimate of $159.43 million for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 300.40% above that which the company brought in 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with — upward and — downward reviews. On the technical perspective front, indicators give PLL a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that PLL’s price is at present 34.77% off the SMA20 and 29.14% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 68.08, with weekly volatility standing at 7.01%. The indicator jumps to 6.18% when calculated based on the past 30 days. Piedmont Lithium Inc (NASDAQ:PLL)’s beta value is holding at 0.76, while the average true range (ATR) indicator is currently reading 1.20.
An analysis of the Piedmont Lithium Inc (NASDAQ:PLL) stock in terms of its daily trading volume indicates that the 3-month average is 695.99K.
Current records show that the company has 19.27M in outstanding shares. The insiders’ percentage holdings are 7.46% of outstanding shares while the percentage share held by institutions stands at 53.65%. But the -38.54% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
