Analysts have differing 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 7.87% ratio of that floaft. The average trading volume of ALTM on October 18, 2024 was 21.51M shares.
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ALTM) stock’s latest price update
Arcadium Lithium PLC (NYSE: ALTM)’s stock price has increased by 0.09 compared to its previous closing price of 5.53. However, the company has seen a -0.45% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-17 that Lithium prices have likely bottomed, with improvements expected in 2025/2026 and potential deficits in 2027-2029, signaling a potential market recovery. Top lithium stocks to buy now include Albemarle, Sociedad Química y Minera, Lithium Americas Argentina, Chengxin Lithium Group, and Galan Lithium. Galan Lithium is a higher-risk/higher-reward junior on track to be a potential H2, 2025 low cost LiCl producer in Argentina.
ALTM’s Market Performance
Arcadium Lithium PLC (ALTM) has seen a -0.45% fall in stock performance for the week, with a 121.40% gain in the past month and a 56.36% surge in the past quarter. The volatility ratio for the week is 0.62%, and the volatility levels for the past 30 days are at 4.00% for ALTM. The simple moving average for the last 20 days is 37.46% for ALTM stock, with a simple moving average of 36.88% 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 75.43% 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 -23.87% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 0.62%, as shares surge +120.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +98.92% upper at present.
During the last 5 trading sessions, ALTM fell by -0.54%, which changed the moving average for the period of 200-days by -66.51% in comparison to the 20-day moving average, which settled at $4.03. In addition, Arcadium Lithium PLC saw -18.72% 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 6.62. 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
In a nutshell, Arcadium Lithium PLC (ALTM) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
