Analysis Of The Weekly Performance Of Standard Lithium Ltd. (SLI)

Standard Lithium Ltd. (AMEX:SLI) traded with an addition of $0.08 to $3.76 on Thursday, an upside of 2.17 percent. An average of 423,131 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 511,568 shares traded, while the 50-day average volume stands at 647,161.

SLI stock has decreased by -2.84% in the last month. The company shares reached their 1-month lowest point of $3.15 on 05/04/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $2.83 and a high of $6.74 in 52 weeks. It has reached a new high 9 times so far this year and achieved 27.46% or $0.78 in price. In spite of this, the price is down -44.21% from the 52-week high.

Valuation Metrics

Standard Lithium Ltd. (SLI) stock’s beta is 2.30. Other valuation ratios to consider include the price-to-book (PB) ratio at 3.47.

Financial Health

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.01 for the recent quarter. Its gross profit as reported stood at $15000.0 compared to revenue of $30.35 million.

Earnings Surprise

At the end of the recent quarter, Standard Lithium Ltd.’s stock balance sheet showed total liabilities of 5.56 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Standard Lithium Ltd. (SLI) price momentum. RSI 9-day as of the close on 17 May was 63.52%, suggesting the stock is Neutral, with historical volatility in this time frame at 35.01%.

As of today, SLI’s price is $3.64 +4.78% or $0.17 from its 5-day moving average. SLI is currently trading +2.19% higher than its 20-day SMA and +12.69% higher than its 100-day SMA. However, the stock’s current price level is -2.61% below the SMA50 and -35.02% below the SMA200.

The stochastic %K and %D were 89.81% and 85.54%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 96.67% and the average true range at 0.18, the RSI (14) stands at 57.26%. The stock has reached 0.09 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.

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