Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ALTM is 1.03B and currently, short sellers hold a 8.36% of that float. On September 23, 2024, ALTM’s average trading volume was 11.51M shares.
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ALTM) stock’s latest price update
The stock price of Arcadium Lithium PLC (NYSE: ALTM) has jumped by 0.40 compared to previous close of 2.50. Despite this, the company has seen a gain of 2.87% in its stock price over the last five trading days. prnewswire.com reported 2024-09-19 that PHILADELPHIA and PERTH, Australia, Sept. 19, 2024 /PRNewswire/ — Underscores unique position as a vertically integrated, diversified global producer of lithium chemicals with low-cost and high-quality assets Details ongoing expansion programs expected to more than double total sales volumes by 2028 across multiple products and regions Outlines path to Adjusted EBITDA1 of $1.3 billion by 2028 supported by strong and flexible balance sheet with peak net leverage of 2.1×1,2 Reaffirms significant expansion potential of one of the largest and most diverse resource bases in the industry Accelerating plan to deliver $125 million of merger-related cost savings roughly two years ahead of initial target Executed Memorandum of Understanding (MoU) with Toyota Tsusho in key step to unlocking further synergies Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, “Arcadium Lithium” or the “Company”), a leading global lithium chemicals producer, today provided a number of strategic updates at its inaugural 2024 Investor Day.
ALTM’s Market Performance
Arcadium Lithium PLC (ALTM) has seen a 2.87% rise in stock performance for the week, with a -12.85% decline in the past month and a -22.77% plunge in the past quarter. The volatility ratio for the week is 5.55%, and the volatility levels for the past 30 days are at 5.26% for ALTM. The simple moving average for the last 20 days is -0.42% for ALTM’s stock, with a simple moving average of -38.09% for the last 200 days.
Analysts’ Opinion of ALTM
Many brokerage firms have already submitted their reports for ALTM stocks, with UBS repeating the rating for ALTM by listing it as a “Neutral.” The predicted price for ALTM in the upcoming period, according to UBS is $3 based on the research report published on September 03, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see ALTM reach a price target of $3. The rating they have provided for ALTM stocks is “Hold” according to the report published on August 22nd, 2024.
Goldman gave a rating of “Neutral” to ALTM, setting the target price at $4.30 in the report published on June 27th of the current year.
ALTM Trading at -12.34% 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 -65.47% of loss for the given period.
Volatility was left at 5.26%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares sank -6.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -28.90% lower at present.
During the last 5 trading sessions, ALTM rose by +2.87%, which changed the moving average for the period of 200-days by -81.43% in comparison to the 20-day moving average, which settled at $2.51. In addition, Arcadium Lithium PLC saw -63.14% 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 3.18. 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 wrap up, the performance of Arcadium Lithium PLC (ALTM) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
