Piedmont Lithium (PLL) Stock Price, News & Analysis

Company Overview

Piedmont Lithium Inc., a development stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,706 acres located within the Carolina Tin-Spodumene Belt situated to the northwest of Charlotte, North Carolina in the United States. It also owns a real property of approximately 5 acres in Bessemer City, North Carolina; and 61-acre property in Kings Mountain, North Carolina. The company was founded in 2016 and is headquartered in Belmont, North Carolina.

Key Stats

• Today's Range: $8.68 to $9.52
• 50-Day Range: $8.74 to $13.64
• 52-Week Range: $6.57 to $31.82
• Volume: 697,449 shs
• Average Volume: 704,527 shs
• Market Capitalization: $169.89 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $21.21
• Consensus Rating: Hold

Piedmont Lithium Stock Analysis - MarketRank™

Piedmont Lithium scored higher than 75% of companies evaluated by MarketBeat, and ranked 84th out of 192 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Piedmont Lithium has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 5 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Piedmont Lithium has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Piedmont Lithium are expected to grow in the coming year, from ($3.16) to ($0.77) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Piedmont Lithium is -2.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Piedmont Lithium is -2.14, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Piedmont Lithium has a P/B Ratio of 0.51. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

16.77% of the outstanding shares of Piedmont Lithium have been sold short.

Short Interest Ratio / Days to Cover

Piedmont Lithium has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Piedmont Lithium has recently decreased by 9.19%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Piedmont Lithium does not currently pay a dividend.

Dividend Growth

Piedmont Lithium does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

16.77% of the outstanding shares of Piedmont Lithium have been sold short.

Short Interest Ratio / Days to Cover

Piedmont Lithium has a short interest ratio ("days to cover") of 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Piedmont Lithium has recently decreased by 9.19%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Piedmont Lithium has a news sentiment score of 1.87. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Basic Materials companies.

Search Interest

Only 8 people have searched for PLL on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Piedmont Lithium to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Piedmont Lithium insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $515,383.00 in company stock.

Percentage Held by Insiders

Only 1.81% of the stock of Piedmont Lithium is held by insiders.

Percentage Held by Institutions

52.23% of the stock of Piedmont Lithium is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

PLL Stock Analysis - Frequently Asked Questions

How have PLL shares performed this year?

Piedmont Lithium's stock was trading at $28.23 at the beginning of 2024. Since then, PLL shares have decreased by 69.0% and is now trading at $8.74.
View the best growth stocks for 2024 here.

How were Piedmont Lithium's earnings last quarter?

Piedmont Lithium Inc. (NASDAQ:PLL) posted its quarterly earnings results on Thursday, August, 8th. The mineral exploration company reported ($0.69) EPS for the quarter, missing the consensus estimate of ($0.16) by $0.53. The mineral exploration company had revenue of $13.23 million for the quarter, compared to analyst estimates of $14.89 million.

Who are Piedmont Lithium's major shareholders?

Top institutional shareholders of Piedmont Lithium include Geode Capital Management LLC (2.10%), State Street Corp (1.87%), Charles Schwab Investment Management Inc. (0.80%) and HITE Hedge Asset Management LLC (0.79%). Insiders that own company stock include Keith D Phillips, Patrick Brindle, Jeffrey T Armstrong, Michael D White, Bruce Czachor, Krishna Mcvey and David Klanecky.
View institutional ownership trends.

How do I buy shares of Piedmont Lithium?

Shares of PLL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Piedmont Lithium own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Piedmont Lithium investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Mining & quarrying of nonmetallic minerals, except fuels
• Sub-Industry: Industrial Machinery
• Current Symbol: NASDAQ:PLL
• CUSIP: 69642930
• CIK: 75829
• Web: www.piedmontlithium.com
• Phone: (704) 461-8000
• Fax: 61-8-9322-6558
• Employees: 40
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $21.21
• High Stock Price Target: $60.00
• Low Stock Price Target: $8.00
• Potential Upside/Downside: +142.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($4.09)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-21,780,000.00
• Net Margins: N/A
• Pretax Margin: -174.92%
• Return on Equity: -21.33%
• Return on Assets: -18.92%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 1.99
• Quick Ratio: 1.99

Sales & Book Value

• Annual Sales: $46.98 million
• Price / Sales: 3.62
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $17.30 per share
• Price / Book: 0.51

Miscellaneous

• Outstanding Shares: 19,438,000
• Free Float: 19,086,000
• Market Cap: $169.89 million
• Optionable: Optionable
• Beta: 0.72