Standard Lithium (NYSEAMERICAN:SLI) Stock Price Expected to Rise, Roth Capital Analyst Says

Key Points

• Roth Capital has raised the price target for Standard Lithium stock from $4.50 to $6.00, suggesting a potential upside of 68.07% from its current price.
• Other research analysts have also rated Standard Lithium positively, with an average rating of "Buy" and a consensus price target of $4.38.
• Standard Lithium shares have recently traded up by 3.2%, driven by increased institutional investments and strong trading volume.

Standard Lithium (NYSEAMERICAN:SLI - Get Free Report) had its price objective increased by investment analysts at Roth Capital from $4.50 to $6.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Roth Capital's price target would suggest a potential upside of 68.07% from the stock's current price.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets reissued an "outperform" rating on shares of Standard Lithium in a research report on Monday, September 8th. Raymond James Financial assumed coverage on shares of Standard Lithium in a research note on Friday, July 11th. They set an "outperform" rating and a $2.75 price objective on the stock. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $4.38.

Standard Lithium Trading Up 3.2%

Shares of Standard Lithium stock traded up $0.11 during trading hours on Thursday, reaching $3.57. 2,934,172 shares of the company's stock were exchanged, compared to its average volume of 1,926,031. The company has a fifty day moving average of $2.80 and a 200-day moving average of $2.04. Standard Lithium has a 52-week low of $1.08 and a 52-week high of $3.73. The firm has a market capitalization of $692.37 million, a price-to-earnings ratio of -16.23 and a beta of 1.71.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd acquired a new position in shares of Standard Lithium in the first quarter valued at $435,000. Jane Street Group LLC grew its stake in Standard Lithium by 285.5% during the second quarter. Jane Street Group LLC now owns 349,477 shares of the company's stock worth $685,000 after buying an additional 258,814 shares during the last quarter. Tidal Investments LLC increased its holdings in Standard Lithium by 303.0% during the 4th quarter. Tidal Investments LLC now owns 251,666 shares of the company's stock valued at $367,000 after purchasing an additional 189,213 shares in the last quarter. Alps Advisors Inc. grew its holdings in shares of Standard Lithium by 103.6% during the first quarter. Alps Advisors Inc. now owns 316,244 shares of the company's stock worth $402,000 after purchasing an additional 160,907 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Standard Lithium in the 2nd quarter valued at about $300,000. 16.70% of the stock is owned by institutional investors.

Standard Lithium Company Profile

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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