Standard Lithium Ltd (AMEX: SLI) stock jumped 1.19% on Friday to $2.55 against a previous-day closing price of $2.52. With 0.94 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 $2.5700 whereas the lowest price it dropped to was $2.4600. The 52-week range on SLI shows that it touched its highest point at $4.98 and its lowest point at $2.28 during that stretch. It currently has a 1-year price target of $6.97. Beta for the stock currently stands at 2.26.
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 -2.67%, but this was down by -12.97% over a month. Three-month performance dropped to -27.35% while six-month performance fell -27.14%. The stock lost -40.00% in the past year, while it has lost -13.56% so far this year. A look at the trailing 12-month EPS for SLI yields -0.22 with Next year EPS estimates of -0.12. For the next quarter, that number is -0.01. This implies an EPS growth rate of 50.36% for this year and -30.40% for next year.
Float and Shares Shorts:
At present, 172.75 million SLI shares are outstanding with a float of 160.27 million shares on hand for trading. On Oct 30, 2023, short shares totaled 10.73 million, which was 6.87% higher than short shares on Sep 28, 2023. In addition to Mr. Robert Mintak as the firm’s CEO & Director, Dr. J. Andrew Robinson serves as its President, COO & Director.
Institutional Ownership:
Through their ownership of 19.31% of SLI’s outstanding shares, institutional investors have minority control over the company.
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 $8.70 and a low target of $5.41, the average target price over the next 12 months is $6.97. Based on these targets, SLI could surge 241.18% to reach the target high and rise by 112.16% to reach the target low. Reaching the average price target will result in a growth of 173.33% from current levels.
Summary of Insider Activity:
Insiders traded SLI stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 31 over the past year. The total number of shares bought during that period was 5,324,152 while 674,400 shares were sold.
