Arcadium Lithium PLC (NYSE: ALTM)’s stock price has gone decline by -0.61 in comparison to its previous close of 2.68, however, the company has experienced a -4.53% decrease in its stock price over the last five trading days. investorplace.com reported 2024-08-11 that To understand the allure of buying the best stocks under $10, it’s a good idea to go back to basics. A stock’s price reflects how much you pay for one dollar of a company’s earnings.
Is It Worth Investing in Arcadium Lithium PLC (NYSE: ALTM) Right Now?
Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ALTM is 1.03B, and currently, short sellers hold a 7.61% ratio of that float. The average trading volume of ALTM on August 16, 2024 was 10.59M shares.
ALTM’s Market Performance
The stock of Arcadium Lithium PLC (ALTM) has seen a -4.53% decrease in the past week, with a -26.42% drop in the past month, and a -43.92% fall in the past quarter. The volatility ratio for the week is 5.58%, and the volatility levels for the past 30 days are at 5.81% for ALTM. The simple moving average for the past 20 days is -11.30% for ALTM’s stock, with a -37.86% simple moving average for the past 200 days.
Analysts’ Opinion of ALTM
Many brokerage firms have already submitted their reports for ALTM stocks, with Goldman repeating the rating for ALTM by listing it as a “Neutral.” The predicted price for ALTM in the upcoming period, according to Goldman is $4.30 based on the research report published on June 27, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see ALTM reach a price target of $4. The rating they have provided for ALTM stocks is “Outperform” according to the report published on June 26th, 2024.
Argus gave a rating of “Buy” to ALTM, setting the target price at $6.25 in the report published on May 03rd of the current year.
ALTM Trading at -20.22% 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 -63.36% of loss for the given period.
Volatility was left at 5.81%, however, over the last 30 days, the volatility rate increased by 5.58%, as shares sank -24.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.17% lower at present.
During the last 5 trading sessions, ALTM fell by -4.48%, which changed the moving average for the period of 200-days by -81.80% in comparison to the 20-day moving average, which settled at $2.96. In addition, Arcadium Lithium PLC saw -60.89% 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 Turner John Stephen Morris, who purchase 5,000 shares at the price of $3.23 back on Jun 21 ’24. After this action, Turner John Stephen Morris now owns 5,000 shares of Arcadium Lithium PLC, valued at $16,150 using the latest closing price.
Marcet Pablo, the Director of Arcadium Lithium PLC, purchase 10,000 shares at $4.70 during a trade that took place back on May 24 ’24, which means that Marcet Pablo is holding 55,674 shares at $47,000 based on the most recent closing price.
Stock Fundamentals for ALTM
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.37 for the gross margin
The net margin for Arcadium Lithium PLC stands at 0.24. The total capital return value is set at 0.03.
Based on Arcadium Lithium PLC (ALTM), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.01.
Currently, EBITDA for the company is 542.29 million with net debt to EBITDA at 0.95. When we switch over and look at the enterprise to sales, we see a ratio of 3.34. The receivables turnover for the company is 3.29for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.26.
Conclusion
To put it simply, Arcadium Lithium PLC (ALTM) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
