PLL Stock Summary and Trading Ideas (Piedmont Lithium | NASDAQ:PLL)

Piedmont Lithium Inc, is a U.S. based, development-stage, multi-asset, integrated lithium business in support of a clean energy economy and U.S. and world-wide energy security. Its portfolio of wholly-owned projects includes Carolina Lithium, a proposed fully integrated spodumene ore-to-lithium hydroxide project in Gaston County, North Carolina, and Tennessee Lithium, a proposed merchant lithium hydroxide manufacturing plant in McMinn County, Tennessee.

Piedmont Lithium trades on the NASDAQ stock market under the symbol PLL.

As of May 13, 2024, PLL stock price climbed to $14.30 with 672,833 million shares trading.

PLL has a beta of 1.52, meaning it tends to be more sensitive to market movements. PLL has a correlation of 0.09 to the broad based SPY ETF.

PLL has a market cap of $276.83 million. This is considered a Small Cap stock.

Last quarter Piedmont Lithium reported $13 million in Revenue and -$.61 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.24.

In the last 3 years, PLL stock traded as high as $79.99 and as low as $10.83.

The top ETF exchange traded funds that PLL belongs to (by Net Assets): VTI, IWM, PBW, VXF, DRIV.

PLL has underperformed the market in the last year with a return of -75.8%, while the SPY ETF gained +27.8%. In the last 3 month period, PLL fell short of the market, returning +1.6%, while SPY returned +4.3%. However, in the most recent 2 weeks PLL has outperformed the stock market by returning +17.5%, while SPY returned +2.5%.

PLL support price is $12.46 and resistance is $13.96 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PLL stock will trade within this expected range on the day.