In addition to its numerous industrial applications, lithium is used in the manufacture of rechargeable batteries, which is one of its most important industrial uses. There are many consumer products that are powered by batteries, including cell phones, tablets and laptops, which feeds the growing demand for products that provide uninterrupted power on-the-go. Moreover, lithium has also been used to develop batteries for electric vehicles, such as cars and scooters, and the production level of several electric vehicles has increased dramatically since the first work was done on the technology.
Usage of lithium is increased now a lot and along with it investors now have a sharp look at investing in lithium stocks. In this article Stocks Telegraph is now presenting you the 5 Best Lithium Stocks To Invest.
Albemarle Corporation (ALB)
Albemarle Corporation (ALB) stock gained 3.78% to close Wednesday’s session at $219.51. The stock volume remained 0.93 million shares, which was lower than the average daily volume of 1.42 million shares within the past 50 days. ALB shares have risen by 17.23% over the last 12 months, and they have moved up by 11.99% in the past week. Over the past three months, the stock has gained 0.62%, while over the past six months, it has shed -3.00%. Further, the company has a current market of $25.19 billion and its outstanding shares stood at 117.07 million.
SCOUT INVESTMENTS, INC. bought a fresh place in Albemarle Corporation (NYSE: ALB). The institutional investor bought 104.1 thousand shares of the stock in a transaction took place on 6/30/2022. In another most recent transaction, which held on 5/31/2022, DJE KAPITAL AG bought approximately 59.7 thousand shares of Albemarle Corporation In a separate transaction which took place on 6/30/2022, the institutional investor, SAGE CAPITAL ADVISORS LLC bought 9.9 thousand shares of the company’s stock. The total Institutional investors and hedge funds own 84.20% of the company’s stock.
Sociedad Quimica y Minera de Chile S.A. (SQM)
The stock of Sociedad Quimica y Minera de Chile S.A. (SQM) lost -0.54% to complete the last trading session at $88.76. The price range of the company’s shares was between $87.9276 and $90.27. It traded 1.09 million shares, which was below its daily average of 1.87 million shares over 100 days. SQM’s shares have gained by 6.79% in the last five days, while they have subtracted -1.69% in the last month. The company has a current dividend yield of 3.38%. Further, it is currently trading at a price to earnings ratio of 19.30 and a price to book ratio of 7.92. Additionally, the price to cash flow ratio stood at 29.94.
Morgan Stanley rated the Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) stock “an Underweight”, with the firm’s price target at $58-$70. Morgan Stanley’s estimates were contained in a research note released on Thursday, March 31, 2022. Several other experts on Wall Street have posted such reports regarding the SQM shares. According to Loop Capital, the stock is “a Buy,”$102. Loop Capital published their figures in a research note released to investors on Tuesday, January 25, 2022. Other experts at Morgan Stanley have the stock’s price target at $58 price; with their rating of the stock is “an Equal-weight.”. These scores were published in a research note the firm released on Thursday, January 13, 2022.
Lithium Americas Corp. (LAC)
Lithium Americas Corp. (LAC) stock closed last session at $22.55, increasing 2.17% or $0.48. Shares of the company fluctuated between $21.98 and $22.94 throughout the day. The number of shares exchanged was 1.84 million, less than the company’s 50-day daily volume of 2.96 million and lower than its Year-to-date volume of 3.95 million. In the past 12 months, the company’s stock has retreated 68.16%, and in the last one week, the stock has moved up 8.41%. For the last six months, the stock has lost a total of -23.12%, and over the last three months, the stock has decreased by -29.60%. The stock has returned -22.56% so far this year.
Volatility is just a proportion of the anticipated day by day value extend—the range where an informal investor works. Greater instability implies more noteworthy benefit or misfortune. After an ongoing check, Lithium Americas Corp. (NYSE: LAC) stock is found to be 4.83% volatile for the week, while 5.80% volatility is recorded for the month. The outstanding shares have been calculated 130.54M. Based on a recent bid, its distance from 20 days simple moving average is 7.47%, and its distance from 50 days simple moving average is 0.60% while it has -18.20% from the 200 days simple moving average.
Piedmont Lithium Inc. (PLL)
Piedmont Lithium Inc. (PLL) stock added 5.11% to finish last trading session at $37.23. The stock recorded a trading volume of 0.39 million shares, which is below the average daily trading volume published for the last 50 days of 0.53 million shares. The shares of Piedmont Lithium Inc. have retreated 8.80% in the last five days; however, they have lost -23.24% over the last one month. The stock price has shed -50.52% over the last three months and has lost -40.98 percent so far this year.
Phillips Keith D., President and CEO, of Piedmont Lithium Inc. (PLL), sold 3,944 shares of Piedmont Lithium Inc. stock in an exchange that took place on Jun 16. The shares were sold at an average price of 50.07 each, amounting to a total Sale worth $197,491. As of the close of the Sale, President and CEO now directly holds 101,544 shares of the organization’s stock, which is now worth about $3780483.1199999996. The deal was disclosed in a Securities & Exchange Commission legal filing, which can be publicly viewed on the SEC website.
Standard Lithium Ltd. (SLI)
On Wednesday, shares in Standard Lithium Ltd. (SLI) rise 4.30% to close the day at $4.61. The volume of shares traded was 0.79 million, which is lower than the average volume over the last three months of 1.11 million. During the trading session, the stock oscillated between $4.44 and $4.64. The company had an earnings per share ratio of -0.26. SLI’s stock has gained 11.35% of its value in the previous five sessions and 5.01% over the past one month but has lost -53.01% on year-to-date basis. The stock’s 50-day moving average of $4.96 is above the 200-day moving average of $7.30. Moreover, the stock is currently trading at RSI of 52.03.
Focusing on the company’s market volatility shows that it has a 1-Week Volatility index of 4.91%, and 6.49% for the month. This stock’s Average True Range (ATR) currently stands at 0.31, with the beta factor poised at 2.10. The indicator of Volatility helps exhibit the extent to which a stock is likely to plummet or climb when the rest of the market also dips or surges. If a stock has a beta score above 1, then its rate of volatility is high. Figures lower than 1, therefore, means that the stock’s volatility at that moment is low.