Standard Lithium (NYSEAMERICAN:SLI) Sees Strong Trading Volume - Should You Buy?

Key Points

• Standard Lithium Ltd. experienced a trading volume of approximately 2,052,153 shares, an 18% decrease from the previous session, with the stock last traded at $4.26.
• Analysts show a positive outlook for the company, with a consensus rating of "Buy" and a target price of $4.38, including an upgrade from Roth Capital increasing their target to $6.00.
• Institutional investment in Standard Lithium is on the rise, with notable increases from firms such as Bank of America Corp DE, which grew its stake by 64.4% during the 2nd quarter.

Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) shares saw unusually-strong trading volume on Monday . Approximately 2,052,153 shares were traded during trading, a decline of 18% from the previous session's volume of 2,502,075 shares.The stock last traded at $4.26 and had previously closed at $4.30.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SLI shares. Raymond James Financial started coverage on shares of Standard Lithium in a report on Friday, July 11th. They set an "outperform" rating and a $2.75 price objective for the company. BMO Capital Markets reissued an "outperform" rating on shares of Standard Lithium in a report on Monday, September 8th. Finally, Roth Capital raised their price target on shares of Standard Lithium from $4.50 to $6.00 and gave the company a "buy" rating in a report on Thursday, September 25th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $4.38.

Standard Lithium Price Performance

The business's 50-day moving average price is $3.38 and its two-hundred day moving average price is $2.40. The company has a market capitalization of $835.88 million, a P/E ratio of -19.59 and a beta of 1.74.

Institutional Investors Weigh In On Standard Lithium

Several institutional investors have recently added to or reduced their stakes in SLI. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Standard Lithium during the 2nd quarter worth about $27,000. Bank of America Corp DE grew its stake in Standard Lithium by 64.4% in the 2nd quarter. Bank of America Corp DE now owns 15,412 shares of the company's stock valued at $30,000 after buying an additional 6,040 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Standard Lithium in the 1st quarter valued at about $35,000. Naviter Wealth LLC acquired a new position in Standard Lithium in the 1st quarter valued at about $36,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Standard Lithium during the 2nd quarter worth approximately $36,000. 16.70% of the stock is owned by institutional investors.

About Standard Lithium

Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project is the Lanxess project with area of approximately 150,000 acres located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd.

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