Standard Lithium Ltd. (AMEX:SLI) finished Wednesday with an addition of $1.29 to close at $9.70, an upside of 15.34 percent. An average of 2,183,960 shares of common stock have been traded in the last five days. There was a gain of $2.26 in the past week. The last 20 days have seen an average of 2,865,745 shares traded, while the 50-day average volume stands at 2,099,444.
SLI stock has increased by 48.32% in the last month. The company shares reached their 1-month lowest point of $6.21 on 09/20/21. With the stock rallying to its 52-week high on 10/13/21, shares of the company touched a low of $1.33 and a high of $9.36 in 52 weeks. In spite of this, the price is up 3.63% from the 52-week high.
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Standard Lithium Ltd. (SLI) has a trailing price-to-earnings (P/E) ratio of 20.90 for the broader industry and 13.61 for the sector. The stock’s beta is 1.66. Other valuation ratios to consider include the price-to-book (PB) ratio at 17.96.
The quick ratio of Standard Lithium Ltd. for the recent quarter was 20.50, and the current ratio was 20.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.06 and a total debt to equity ratio of 0.06 for the recent quarter. Its gross profit as reported stood at $66.73 million compared to revenue of $199.86 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Standard Lithium Ltd.’s return on assets was -33.30%. For the broader industry, ROE averaged -13.62 over the past year.
From a technical analysis perspective, let’s take a brief look at Standard Lithium Ltd. (SLI) price momentum. RSI 9-day as of the close on 13 October was 75.07%, suggesting the stock is Overbought, with historical volatility in this time frame at 94.18%.
As of today, SLI’s price is $8.33 +30.38% or $2.26 from its 5-day moving average. SLI is currently trading +40.17% higher than its 20-day SMA and +198.46% higher than its 100-day SMA. However, the stock’s current price level is +40.38% above the SMA50 and +368.60% above the SMA200.
The stochastic %K and %D were 72.37% and 59.05%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 100.00% and the average true range at 0.70, the RSI (14) stands at 69.11%. The stock has reached 0.77 on the 9-day MACD Oscillator while the 14-day reading was at 0.70.
Canaccord Genuity upgraded Standard Lithium Ltd. (AMEX: SLI) to a a Speculative buy rating in its most recent analyst report. Previously, the stock was rated as a a Hold.The consensus rating for Standard Lithium Ltd. (SLI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SLI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is SLI’s price target for the next 12 months?
Analysts predict a range of price targets between $4.30 and $14.00, with a median target of $7.63. Taking a look at these predictions, the average price target given by analysts for Standard Lithium Ltd. (SLI) stock is $8.39.