Standard Lithium Ltd. (SLI): Keep paying attention to its insider activity

Standard Lithium Ltd. (AMEX:SLI) saw a downside of -1.86% to close Friday at $5.28 after subtracting -$0.1 on the day. The 5-day average trading volume is 684,980 shares of the company’s common stock. It has gained $5.93 in the past week and touched a new high 1 time within the past 5 days. An average of 908,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,277,916.

SLI’s 1-month performance is 1.34% or -$0.22 on its low of $4.73 reached on 05/12/22. The company’s shares have touched a 52-week low of $2.97 and high of $12.92, with the stock’s rally to the 52-week high happening on 01/04/22. YTD, SLI has lost -46.18% or -$4.53 and has reached a new high 2 times. However, the current price is down -59.13% from the 52-week high price.

Valuation Metrics

SLI stock has a beta of 2.00. Moving on to other valuation ratios, the price-to-book (PB) in the most recent quarter is 4.93.

Standard Lithium Ltd.’s quick ratio for the recent period was 30.80, with the current ratio over the same period at 30.80.

Earnings Surprise

Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -59.38% to $1.6 million, while revenue of $3.45 million was -115.62% off the previous quarter. EBITDA for the quarter stood at more than -$7.8 million. SLI stock balance sheet for the recent quarter shows that total liabilities totaled 3.89 million, with total debt at $0.33 million.

Let’s look briefly at Standard Lithium Ltd. (SLI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 10 June was 38.26% to suggest the stock is trending Neutral, with historical volatility in this time period at 56.20%.

The stock’s 5-day moving average is $5.61, reflecting a -8.33% or -$0.48 change from its current price. SLI is currently trading +7.10% above its 20-day SMA, -16.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -34.16% and SMA200 by-14.70%.

Stochastic %K and %D was 13.40% and 29.90% and the average true range (ATR) pointed at 0.39. The RSI (14) points at 41.63%, while the 14-day stochastic is at 5.38% with the period’s ATR at 0.43. The stock’s 9-day MACD Oscillator is pointing at -0.25 and -0.28 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for SLI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate SLI as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is SLI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $13.00 and a high of $16.00, with their median price target at $14.00. Looking at these predictions, the average price target given by analysts is for Standard Lithium Ltd. (SLI) stock is $14.33.

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