The Week Ahead: Are Investors Really Too Optimistic About Standard Lithium Ltd (AMEX: SLI)

Standard Lithium Ltd (AMEX:SLI) currently has a daily average trading volume of 1.74M but it saw 2252260 shares traded in last market. With a market cap of 588.34M USD, the company’s current market price of $2.36 came falling about -5.98 while comparing to the previous closing price of $2.51. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.00 and as low as $1.05. In the recent trading on the day, stock has struck highest price mark of $2.24 while lowest mark touched by it was $2.51.

Taking a look at 20-day trading activity of Standard Lithium Ltd (SLI) gives us an average price of $2.11, while its current price level is -21.33% below from 52-week high level whereas it is 124.76% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $1.65 while that of 200 days or SMA-200 reads an average of $1.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.99% during that period while stretching the period over a month that increases to 12.03%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.81 which implies that the stock is in neutral territory.

Over the week, SLI’s stock price is moving 7.27% up while it is 44.79% when we observe its performance for the past one month. Year-to-date it is 16.83% up and over the past year, the stock is showing a downside performance of -13.24%.

Currently, Standard Lithium Ltd’s total number of outstanding shares is 183.92M. Company’s return on investment (ROI) stands at 43.22% and return on equity (ROE) at 58.29%. It has a price to earnings ratio (P/E ratio) of 4.12. Stock’s beta reads 1.99. Stock has a price to book (P/B) ratio of 1.75. Its return on asset (ROA) is 51.39% on average.