Piedmont Lithium Inc. (PLL) Stock Moves -0.22%: What You Should Know

Zacks Equity Research
·2 min read

Piedmont Lithium Inc. (PLL) closed the most recent trading day at $55.17, moving -0.22% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.03%. Elsewhere, the Dow lost 1.15%, while the tech-heavy Nasdaq added 0.37%.

Heading into today, shares of the company had lost 9.67% over the past month, lagging the Basic Materials sector's gain of 1.01% and the S&P 500's loss of 3.51% in that time.

Wall Street will be looking for positivity from Piedmont Lithium Inc. as it approaches its next earnings report date.

It is also important to note the recent changes to analyst estimates for Piedmont Lithium Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Piedmont Lithium Inc. is holding a Zacks Rank of #3 (Hold) right now.

The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 138, putting it in the bottom 46% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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