How Analysts Feel About Piedmont Lithium Inc. (PLL)?


As of Wednesday close, Piedmont Lithium Inc.’s (NASDAQ:PLL) stock was up $0.84, moving up 1.46 percent to $58.30. The average number of shares traded per day over the past five days has been 306,380 shares. 5 times new highs have been achieved over the past 5 days, with a $1.27 gain in that time frame. In the last twenty days, the average volume was 428,595, while in the previous 50 days, it was 441,894.

Since last month, PLL stock retreated -8.41%. Shares of the company fell to $54.22 on 11/17/22, the lowest level in the past month. A 52-week high of $79.99 was reached on 03/30/22 after having rallying from a 52-week low of $32.08. Since the beginning of this year, PLL’s stock price has risen by 11.13% or $5.84, and marked a new high 14 times. However, the stock has declined by -27.12% since its 52-week high.

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PLL stock investors should be aware that Piedmont Lithium Inc. (PLL) stock had its last reported insider trading activity 16 days ago on Nov 08. Phillips Keith D., the President and CEO of the company, disposed of 7,324 shares for $62.64 on Nov 08. It resulted in a $458,751 divestment by the insider. Phillips Keith D. sold 6,164 shares at an average price of $56.79 on Oct 21. The insider now owns 120,259 shares following the transaction. On Aug 12, EVP and COO Brindle Patrick sold 4,491 shares at $66.97 apiece. The transaction was valued at $300,779.

Valuation Metrics

The latest dividend of $0.3050 per share was paid out, remained unchanged from last year’s $0.3050.

In Piedmont Lithium Inc.’s quarter-end financial report for June 29, it reported total debt of $0.24 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Piedmont Lithium Inc. to report -$0.38 quarterly earnings, the actual figure was -$0.53 per share, beating the consensus estimate by -39.50%. During the quarter, the company generated -$7.57 million in EBITDA. The liabilities of Piedmont Lithium Inc. were 12.47 million at the end of its most recent quarter ended June 29, and its total debt was $1.91 million. The value of shareholders’ equity is $0.18 million.

Technical Picture

This quick technical analysis looks at Piedmont Lithium Inc.’s (PLL) price momentum. With a historical volatility rate of 53.55%, the RSI 9-day stood at 48.20% on 23 November.

With respect to its five-day moving average, the current Piedmont Lithium Inc. price is up by +2.23% percent or $1.27. At present, PLL shares trade -6.36% below its 20-day simple moving average and +64.32% percent above its 100-day simple moving average. However, the stock is currently trading approximately -8.64% below its SMA50 and +22.38% above its SMA200.

Stochastic coefficient K was 21.70% and Stochastic coefficient D was 16.51%, while ATR was 3.79. Given the Stochastic reading of 25.18% for the 14-day period, the RSI (14) reading has been calculated as 49.05%. As of today, the MACD Oscillator reading stands at -1.07, while the 14-day reading stands at -1.85.

Analyst Ratings

Piedmont Lithium Inc. (PLL) has been rated Buy by analysts. According to 0 brokerage firms, PLL is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Piedmont Lithium Inc. stock as buy, with 7 recommending it as overweight.

With a median target price of $100.00, the current consensus forecast for the stock is $85.00 – $131.00. Based on these forecasts, analysts predict Piedmont Lithium Inc. (PLL) will achieve an average price target of $105.61.


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