Standard Lithium Ltd. (AMEX: SLI) stock fell -5.75% on Friday to $4.75 against a previous-day closing price of $5.04. With 1.54 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.87 million shares. During the session, the Other Industrial Metals & Mining company that operates in wider Basic Materials sector, reached to the highest price of $5.0600 whereas the lowest price it dropped to was $4.6300. The 52-week range on SLI shows that it touched its highest point at $12.92 and its lowest point at $3.80 during that stretch. Beta for the stock currently stands at 2.08.
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 SLI was down-trending over the past week, with a drop of -11.71%, but this was down by -16.37% over a month. Three-month performance surged to 4.86% while six-month performance fell -34.12%. The stock lost -27.37% in the past year, while it has lost -51.58% so far this year. A look at the trailing 12-month EPS for SLI yields -0.26 with Next year EPS estimates of -0.20.
Float and Shares Shorts:
At present, 162.26 million SLI shares are outstanding with a float of 157.93 million shares on hand for trading. On Jul 14, 2022, short shares totaled 12.66 million, which was 7.68% higher than short shares on Jun 14, 2022. In addition to Mr. Robert Mintak as the firm’s CEO & Director, Dr. J. Andrew Robinson serves as its Pres, COO & Director.
Through their ownership of 23.04% of SLI’s outstanding shares, institutional investors have minority control over the company. Other institutions hold — of SLI, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 2.06% stake in SLI, the VanEck Rare Earth/Strategic Metal is the largest stakeholder. A total of 3,389,046 shares are owned by the mutual fund manager. The BNP Paribas Funds – Energy Transi, which owns about 2.00% of SLI stock, is the second-largest Mutual Fund holder. It holds 3,303,196 shares valued at 18.2 million. Invesco WilderHill Clean Energy E holds 1.67% of the stake in SLI, owning 2,752,058 shares worth 15.16 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLI since 4 analysts follow the stock currently. There are 4 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 SLI analysts setting a high price target of $16.00 and a low target of $13.00, the average target price over the next 12 months is $15.00. Based on these targets, SLI could surge 236.84% to reach the target high and rise by 173.68% to reach the target low. Reaching the average price target will result in a growth of 215.79% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. SLI will report FY 2022 earnings on 08/30/2023. Analysts have provided yearly estimates in a range of -$0.26 being high and -$0.26 being low. For SLI, this leads to a yearly average estimate of -$0.26. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Standard Lithium Ltd. surprised analysts by -$0.03 when it reported -$0.08 EPS against a consensus estimate of -$0.05. Based on analyst estimates, the high estimate for the next quarter is -$0.05 and the low estimate is -$0.05. The average estimate for the next quarter is thus -$0.05.
Summary of Insider Activity:
Insiders traded SLI stock several times over the past three months with 0 Buys and 13 Sells. In these transactions, 0 shares were bought while 152,000 shares were sold. The number of buy transactions has increased to 17 while that of sell transactions has risen to 64 over the past year. The total number of shares bought during that period was 4,774,998 while 1,557,555 shares were sold.