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Piedmont Lithium Inc. (PLL) Gains But Lags Market: What You Should Know
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Piedmont Lithium Inc. (PLL - Free Report) closed at $56.50 in the latest trading session, marking a +0.87% move from the prior day. The stock lagged the S&P 500's daily gain of 1.43%. Elsewhere, the Dow gained 1.58%, while the tech-heavy Nasdaq added 0.03%.
Coming into today, shares of the company had lost 12.87% in the past month. In that same time, the Basic Materials sector gained 8.89%, while the S&P 500 gained 5.12%.
Investors will be hoping for strength from Piedmont Lithium Inc. as it approaches its next earnings release.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Piedmont Lithium Inc. is holding a Zacks Rank of #2 (Buy) right now.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Piedmont Lithium Inc. (PLL) Gains But Lags Market: What You Should Know
Piedmont Lithium Inc. (PLL - Free Report) closed at $56.50 in the latest trading session, marking a +0.87% move from the prior day. The stock lagged the S&P 500's daily gain of 1.43%. Elsewhere, the Dow gained 1.58%, while the tech-heavy Nasdaq added 0.03%.
Coming into today, shares of the company had lost 12.87% in the past month. In that same time, the Basic Materials sector gained 8.89%, while the S&P 500 gained 5.12%.
Investors will be hoping for strength from Piedmont Lithium Inc. as it approaches its next earnings release.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Piedmont Lithium Inc. is holding a Zacks Rank of #2 (Buy) right now.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.