While Piedmont Lithium Inc has overperformed by 0.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLL fell by -65.16%, with highs and lows ranging from $35.65 to $6.57, whereas the simple moving average fell by -6.39% in the last 200 days.
On October 16, 2024, Macquarie Downgraded Piedmont Lithium Inc (NASDAQ: PLL) to Underperform. A report published by Macquarie on August 12, 2024, Downgraded its rating to ‘Neutral’ for PLL. BMO Capital Markets Initiated an Market Perform rating on February 16, 2024, and assigned a price target of $20. TD Cowen January 29, 2024d its ‘Outperform’ rating to ‘Market Perform’ for PLL, as published in its report on January 29, 2024. JP Morgan’s report from December 11, 2023 suggests a price prediction of $25 for PLL shares, giving the stock a ‘Neutral’ rating. Macquarie also rated the stock as ‘Outperform’.
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Analysis of Piedmont Lithium Inc (PLL)
In order to gain a clear picture of Piedmont Lithium Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 2.32, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 730.51K can be a very valuable indicator of volatility for PLL stock. On a monthly basis, the volatility of the stock is set at 11.59%, whereas on a weekly basis, it is put at 10.57%, with a loss of -19.74% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.61, showing growth from the present price of $11.60, which can serve as yet another indication of whether PLL is worth investing in or should be passed over.
How Do You Analyze Piedmont Lithium Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.31%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 42.88% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
PLL shares are owned by institutional investors to the tune of 42.88% at present.
