An analyst sees good growth prospects for Piedmont Lithium Inc (PLL)

With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.86 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $12.13 whereas the lowest price it dropped to was $11.51. The 52-week range on PLL shows that it touched its highest point at $31.82 and its lowest point at $6.57 during that stretch. It currently has a 1-year price target of $21.61. Beta for the stock currently stands at 0.73.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLL was up-trending over the past week, with a rise of 1.92%, but this was up by 1.13% over a month. Three-month performance surged to 37.57% while six-month performance fell -28.03%. The stock lost -61.08% in the past year, while it has lost -58.63% so far this year. A look at the trailing 12-month EPS for PLL yields -0.43 with Next year EPS estimates of -0.90. For the next quarter, that number is -0.39. This implies an EPS growth rate of -67.93% for this year and 67.46% for next year.

Float and Shares Shorts:

At present, 19.27 million PLL shares are outstanding with a float of 17.86 million shares on hand for trading. On 2024-10-31, short shares totaled 3.64 million, which was 1873.0 higher than short shares on 1727654400. In addition to Mr. Keith Douglas Phillips B.Com., H.B.Com, MBA as the firm’s MD, CEO, President & Director, Mr. Patrick H. Brindle serves as its Executive VP & COO.

Institutional Ownership:

Through their ownership of 0.40936002 of PLL’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, PLL reported revenue of $27663000.0 and operating income of -$6848000.0. Over the past year, revenue came in at $0.00 while operating income stood at -$28.27M. It generated -$16687000.0 net income for the quarter, which came to -$28.97M over the last twelve months. The EBITDA in the recently reported quarter was -$11890000.0 and diluted EPS was -$0.86. EBITDA for the full year was -$28.31M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLL since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLL analysts setting a high price target of 65.0 and a low target of 7.8, the average target price over the next 12 months is 26.36667. Based on these targets, PLL could surge 456.51% to reach the target high and fall by -33.22% to reach the target low. Reaching the average price target will result in a growth of 125.74% from current levels.

Analysts have provided yearly estimates in a range of -$2.27167 being high and -$2.71022 being low. For PLL, this leads to a yearly average estimate of -$2.5348. The surprise factor in the prior quarter was -$0.42. Based on analyst estimates, the high estimate for the next quarter is $0.02 and the low estimate is -$0.17. The average estimate for the next quarter is thus -$0.08.