Standard Lithium Ltd. (NYSEAMERICAN:SLI - Get Free Report) shares shot up 8.6% during mid-day trading on Wednesday . The company traded as high as $3.68 and last traded at $3.66. 845,677 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 2,016,555 shares. The stock had previously closed at $3.37.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. BMO Capital Markets reiterated an "outperform" rating on shares of Standard Lithium in a research note on Monday, September 8th. Raymond James Financial assumed coverage on shares of Standard Lithium in a research report on Friday, July 11th. They set an "outperform" rating and a $2.75 price target for the company. Finally, Roth Capital upped their price target on Standard Lithium from $4.50 to $6.00 and gave the stock a "buy" rating in a report on Thursday, September 25th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Standard Lithium currently has a consensus rating of "Buy" and a consensus price target of $4.38.
Read Our Latest Report on SLI
Standard Lithium Stock Up 9.2%
The firm's fifty day simple moving average is $2.88 and its 200-day simple moving average is $2.11. The company has a market cap of $713.70 million, a PE ratio of -16.73 and a beta of 1.71.
Hedge Funds Weigh In On Standard Lithium
Hedge funds have recently bought and sold shares of the stock. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new position in shares of Standard Lithium in the second quarter worth $27,000. Bank of America Corp DE increased its position in Standard Lithium by 64.4% during the 2nd quarter. Bank of America Corp DE now owns 15,412 shares of the company's stock worth $30,000 after purchasing an additional 6,040 shares in 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 purchased a new position in Standard Lithium in the 2nd quarter valued at about $36,000. Hedge funds and other institutional investors own 16.70% of the company's stock.
Standard Lithium Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Standard Lithium, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Standard Lithium wasn't on the list.
While Standard Lithium currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
