Standard Lithium (NYSEAMERICAN:SLI) Stock Price Up 7% – What’s Next?

Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s stock price rose 7% on Tuesday . The company traded as high as $5.20 and last traded at $5.18. Approximately 1,049,463 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 1,903,663 shares. The stock had previously closed at $4.84.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating on shares of Standard Lithium in a research note on Thursday, October 23rd. Roth Capital decreased their price target on Standard Lithium from $6.00 to $5.50 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Finally, Canaccord Genuity Group lifted their price target on Standard Lithium from $5.00 to $7.50 and gave the company a “speculative buy” rating in a research report on Tuesday, October 21st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Standard Lithium presently has a consensus rating of “Buy” and an average target price of $5.25.

Standard Lithium Trading Down 0.6%

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -23.73 and a beta of 1.73. The company has a fifty day simple moving average of $4.29 and a 200-day simple moving average of $3.51.

Institutional Trading of Standard Lithium

Large investors have recently added to or reduced their stakes in the company. Stanley Laman Group Ltd. acquired a new stake in shares of Standard Lithium during the third quarter worth approximately $2,909,000. Wealth Enhancement Advisory Services LLC increased its stake in Standard Lithium by 40.8% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 165,783 shares of the company’s stock valued at $325,000 after buying an additional 48,026 shares during the period. Simmons Bank lifted its position in Standard Lithium by 40.3% in the 2nd quarter. Simmons Bank now owns 93,236 shares of the company’s stock worth $183,000 after buying an additional 26,760 shares in the last quarter. MBA Advisors LLC boosted its stake in shares of Standard Lithium by 28.3% during the 2nd quarter. MBA Advisors LLC now owns 29,500 shares of the company’s stock valued at $58,000 after buying an additional 6,500 shares during the period. Finally, Stephens Inc. AR grew its holdings in shares of Standard Lithium by 10.6% during the 2nd quarter. Stephens Inc. AR now owns 273,275 shares of the company’s stock valued at $536,000 after acquiring an additional 26,270 shares in the last quarter. 16.70% of the stock is owned by institutional investors and hedge funds.

Standard Lithium Company Profile

Standard Lithium (NYSEAMERICAN: SLI) is a mineral exploration and development company focused on the extraction of lithium from sedimentary brine resources. Utilizing direct lithium extraction (DLE) processes, the company aims to deliver high-purity lithium carbonate and lithium hydroxide suitable for the battery and electric vehicle markets. Standard Lithium’s technology is designed to accelerate lithium recovery rates while minimizing environmental impact compared to traditional solar evaporation methods.

The company’s flagship project is located in the Smackover Formation of southern Arkansas, in collaboration with chemical producer LANXESS.