Standard Lithium (NYSEAMERICAN:SLI) Trading 2.3% Higher – Time to Buy?

Standard Lithium Ltd. (NYSEAMERICAN:SLI)’s stock price traded up 2.3% during trading on Monday . The company traded as high as $4.53 and last traded at $4.48. 1,910,442 shares changed hands during trading, a decline of 33% from the average session volume of 2,854,783 shares. The stock had previously closed at $4.38.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Standard Lithium in a research report on Wednesday, January 28th. Roth Mkm lowered their price objective on Standard Lithium from $6.00 to $5.50 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $5.25.

Standard Lithium Price Performance

The business has a 50 day simple moving average of $4.75 and a 200 day simple moving average of $4.04. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -20.36 and a beta of 1.73.

Institutional Investors Weigh In On Standard Lithium

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLI. Aquatic Capital Management LLC bought a new position in shares of Standard Lithium in the third quarter worth about $26,000. Bank of America Corp DE increased its holdings in shares of Standard Lithium by 64.4% in the second quarter. Bank of America Corp DE now owns 15,412 shares of the company’s stock valued at $30,000 after purchasing an additional 6,040 shares in the last quarter. WINTON GROUP Ltd bought a new position in Standard Lithium in the 2nd quarter worth approximately $36,000. Stone House Investment Management LLC lifted its holdings in Standard Lithium by 734.3% during the 4th quarter. Stone House Investment Management LLC now owns 8,343 shares of the company’s stock worth $37,000 after buying an additional 7,343 shares in the last quarter. Finally, HBK Sorce Advisory LLC acquired a new position in Standard Lithium during the 3rd quarter worth $41,000. Institutional investors and hedge funds own 16.70% of the company’s stock.

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.