While Piedmont Lithium Inc has underperformed by -5.23%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, PLL fell by -59.36%, with highs and lows ranging from $31.82 to $6.57, whereas the simple moving average fell by -2.18% in the last 200 days.
On October 21, 2024, JP Morgan Downgraded Piedmont Lithium Inc (NASDAQ: PLL) to Underweight. A report published by Macquarie on October 16, 2024, Downgraded its rating to ‘Underperform’ for PLL. Macquarie also Downgraded PLL shares as ‘Neutral’, setting a target price of $9.30 on the company’s shares in a report dated August 12, 2024. BMO Capital Markets initiated its ‘Market Perform’ rating for PLL, as published in its report on February 16, 2024. TD Cowen’s report from January 29, 2024 suggests a price prediction of $20 for PLL shares, giving the stock a ‘Market Perform’ rating. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Piedmont Lithium Inc (PLL)
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Piedmont Lithium Inc’s future performance, with equity being one of the most critical indicators. 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.
As an indicator of volatility for any stock, average volume can also be very valuable, and PLL is recording an average volume of 783.82K. On a monthly basis, the volatility of the stock is set at 11.97%, whereas on a weekly basis, it is put at 10.84%, with a gain of 1.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $22.49, showing growth from the present price of $11.79, 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?
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. 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 42.68% 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 42.68% at present.
