As of Thursday close, Standard Lithium Ltd.’s (AMEX:SLI) stock was down -$0.26, moving down -8.36 percent to $2.85. The average number of shares traded per day over the past five days has been 943,700 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.41 fall in that time frame. In the last twenty days, the average volume was 735,935, while in the previous 50 days, it was 674,028.
Since last month, SLI stock retreated -19.72%. Shares of the company fell to $2.83 on 09/21/23, the lowest level in the past month. A 52-week high of $5.06 was reached on 02/02/23 after having rallying from a 52-week low of $2.83. Since the beginning of this year, SLI’s stock price has dropped by -3.39% or -$0.10, and marked a new high 9 times. However, the stock has declined by -43.68% since its 52-week high.
Financial Health
In the recent quarter, Standard Lithium Ltd.’s quick ratio stood at 14.30, while its current ratio was 14.30, showing that the company is able to pay off its debt. Based on annual data, SLI earned $15000.0 in gross profit and brought in $30.35 million in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. During the quarter, the company generated -$5.93 million in EBITDA. The liabilities of Standard Lithium Ltd. were 5.56 million at the end of its most recent quarter, and its total debt was $1.12 million.
Technical Picture
This quick technical analysis looks at Standard Lithium Ltd.’s (SLI) price momentum. With a historical volatility rate of 49.79%, the RSI 9-day stood at 20.04% on 21 September.
With respect to its five-day moving average, the current Standard Lithium Ltd. price is down by -12.58% percent or -$0.41. At present, SLI shares trade -24.80% below its 20-day simple moving average and -16.42% percent below its 100-day simple moving average. However, the stock is currently trading approximately -39.62% below its SMA50 and -31.33% below its SMA200.
Stochastic coefficient K was 11.79% and Stochastic coefficient D was 18.92%, while ATR was 0.15. Given the Stochastic reading of 2.82% for the 14-day period, the RSI (14) reading has been calculated as 25.33%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at -0.17.
Analyst Ratings
Standard Lithium Ltd. (SLI) has been rated Buy by analysts. According to 0 brokerage firms, SLI 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 Standard Lithium Ltd. stock as buy, with 4 recommending it as overweight.
With a median target price of $7.45, the current consensus forecast for the stock is $5.91 – $8.78. Based on these forecasts, analysts predict Standard Lithium Ltd. (SLI) will achieve an average price target of $7.40.
