With 183.92M Outstanding Shares, Can Standard Lithium Ltd (AMEX: SLI) Deliver Big Short-Term Gains?

Standard Lithium Ltd (AMEX:SLI) currently has a daily average trading volume of 1.87M but it saw 3328315 shares traded in last market. With a market cap of 450.60M USD, the company’s current market price of $1.78 came falling about -10.55 while comparing to the previous closing price of $1.99. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.86 and as low as $1.05. In the recent trading on the day, stock has struck highest price mark of $1.73 while lowest mark touched by it was $1.95.

Taking a look at 20-day trading activity of Standard Lithium Ltd (SLI) gives us an average price of $2.1800, while its current price level is -37.81% below from 52-week high level whereas it is 69.52% 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 $1.8294 while that of 200 days or SMA-200 reads an average of $1.4482. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.58% during that period while stretching the period over a month that increases to 9.52%. 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 39.94 which implies that the stock is in neutral territory.

Over the week, SLI’s stock price is moving -22.27% down while it is -14.01% when we observe its performance for the past one month. Year-to-date it is -11.88% down and over the past year, the stock is showing a downside performance of -36.43%.

Currently, Standard Lithium Ltd’s total number of outstanding shares is 183.92M. Company’s return on investment (ROI) stands at 44.76% and return on equity (ROE) at 61.03%. It has a price to earnings ratio (P/E ratio) of 3.02. Stock’s beta reads 1.86. Stock has a price to book (P/B) ratio of 1.34. Its return on asset (ROA) is 54.28% on average.