The stock of Arcadium Lithium PLC (ALTM) has seen a 20.62% increase in the past week, with a 11.43% gain in the past month, and a 0.00% decrease in the past quarter. The volatility ratio for the week is 7.24%, and the volatility levels for the past 30 days are at 6.00% for ALTM. The simple moving average for the last 20 days is 13.15% for ALTM stock, with a simple moving average of -1.83% for the last 200 days.
Is It Worth Investing in Arcadium Lithium PLC (NYSE: ALTM) Right Now?
There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ALTM is 1.07B and currently, short sellers hold a 6.67% ratio of that float. The average trading volume of ALTM on May 06, 2024 was 11.69M shares.
ALTM) stock’s latest price update
Arcadium Lithium PLC (NYSE: ALTM)’s stock price has plunge by -1.06relation to previous closing price of 4.73. Nevertheless, the company has seen a 20.62% surge in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-04 that It has been a topsy-turvy few years for lithium stocks. The shiny, white metal’s price surged in 2021, growing by more than 800%, spurred by the growing EV demand.
Analysts’ Opinion of ALTM
Many brokerage firms have already submitted their reports for ALTM stocks, with Argus repeating the rating for ALTM by listing it as a “Buy.” The predicted price for ALTM in the upcoming period, according to Argus is $6.25 based on the research report published on May 03, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see ALTM reach a price target of $9. The rating they have provided for ALTM stocks is “Strong Buy” according to the report published on April 03rd, 2024.
ALTM Trading at 4.67% from the 50-Day Moving Average
After a stumble in the market that brought ALTM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -35.63% of loss for the given period.
Volatility was left at 6.00%, however, over the last 30 days, the volatility rate increased by 7.24%, as shares surge +11.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.65% upper at present.
During the last 5 trading sessions, ALTM rose by +20.62%, which changed the moving average for the period of 200-days by -83.27% in comparison to the 20-day moving average, which settled at $4.16. In addition, Arcadium Lithium PLC saw -31.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ALTM starting from Oris de Roa Fernando, who purchase 5,000 shares at the price of $4.89 back on Mar 06 ’24. After this action, Oris de Roa Fernando now owns 91,000 shares of Arcadium Lithium PLC, valued at $24,450 using the latest closing price.
Marcet Pablo, the Director of Arcadium Lithium PLC, purchase 14,034 shares at $4.75 during a trade that took place back on Feb 27 ’24, which means that Marcet Pablo is holding 30,876 shares at $66,662 based on the most recent closing price.
Stock Fundamentals for ALTM
Current profitability levels for the company are sitting at:
- 0.48 for the present operating margin
- 0.53 for the gross margin
The net margin for Arcadium Lithium PLC stands at 0.37. The total capital return value is set at 0.13.
Based on Arcadium Lithium PLC (ALTM), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 1.16.
Currently, EBITDA for the company is 542.29 million with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 5.7. The receivables turnover for the company is 4.71for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
In conclusion, Arcadium Lithium PLC (ALTM) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
