Its Stock Has Paid Off Big Time For Standard Lithium Ltd.

With 1.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.62 million shares. The 52-week range on SLI shows that it touched its highest point at $5.38 and its lowest point at $2.83 during that stretch. Beta for the stock currently stands at 2.36.

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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 SLI was up-trending over the past week, with a rise of 2.84%, but this was down by -12.13% over a month. Three-month performance dropped to -24.01% while six-month performance fell -2.10%. The stock lost -39.41% in the past year, while it has gained 10.51% so far this year. A look at the trailing 12-month EPS for SLI yields -0.13 with Next year EPS estimates of -0.13.

Float and Shares Shorts:

At present, 168.79 million SLI shares are outstanding with a float of 162.16 million shares on hand for trading. On Aug 30, 2023, short shares totaled 9.83 million, which was 5.70% higher than short shares on Jul 30, 2023. In addition to Mr. Robert Mintak as the firm’s CEO & Director, Dr. J. Andrew Robinson serves as its Pres, COO & Director.

Institutional Ownership:

Through their ownership of 19.31% 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 3.33% stake in SLI, the BNP Paribas Funds – Energy Transi is the largest stakeholder. A total of 5,749,912 shares are owned by the mutual fund manager. The Invesco WilderHill Clean Energy E, which owns about 1.18% of SLI stock, is the second-largest Mutual Fund holder. It holds 2,027,574 shares valued at 6.75 million. Global X Autonomous & Electric Ve holds 1.10% of the stake in SLI, owning 1,903,893 shares worth 6.34 million.

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 Mar 30, 2023, SLI reported revenue of $0.00 and operating income of -$10.13M. The EBITDA in the recently reported quarter was -$7.70M and diluted EPS was -$0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLI since 0 analysts follow the stock currently. 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 $8.78 and a low target of $6.31, the average target price over the next 12 months is $7.49. Based on these targets, SLI could surge 169.33% to reach the target high and rise by 93.56% to reach the target low. Reaching the average price target will result in a growth of 129.75% 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.

Summary of Insider Activity:

Insiders traded SLI stock several times over the past three months with 8 Buys and 0 Sells. In these transactions, 174,152 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 37 over the past year. The total number of shares bought during that period was 5,458,152 while 947,300 shares were sold.

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