The stock of Arcadium Lithium PLC (NYSE: ALTM) has decreased by 0.00 when compared to last closing price of 5.22.Despite this, the company has seen a loss of -2.61% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Arcadium (ALTM) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.44 per share a year ago.
Is It Worth Investing in Arcadium Lithium PLC (NYSE: ALTM) Right Now?
Arcadium Lithium PLC (NYSE: ALTM) has a higher price-to-earnings ratio of 37.66x compared to its average ratio. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 17 as “hold,” and 0 as “sell.”
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The public float for ALTM is 1.03B, and currently, short sellers hold a 6.20% ratio of that float. The average trading volume of ALTM on November 18, 2024 was 22.92M shares.
ALTM’s Market Performance
ALTM stock saw a decrease of -2.61% in the past week, with a monthly decline of -5.61% and a quarterly a decrease of 96.98%. The volatility ratio for the week is 1.37%, and the volatility levels for the last 30 days are 1.23% for Arcadium Lithium PLC (ALTM). The simple moving average for the last 20 days is -3.40% for ALTM’s stock, with a simple moving average of 29.84% for the last 200 days.
Analysts’ Opinion of ALTM
Many brokerage firms have already submitted their reports for ALTM stocks, with Scotiabank repeating the rating for ALTM by listing it as a “Sector Perform.” The predicted price for ALTM in the upcoming period, according to Scotiabank is $5.85 based on the research report published on November 11, 2024 of the current year 2024.
UBS, 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 “Neutral” according to the report published on September 03rd, 2024.
Deutsche Bank gave a rating of “Hold” to ALTM, setting the target price at $3 in the report published on August 22nd of the current year.
ALTM Trading at 22.52% 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 -28.20% of loss for the given period.
Volatility was left at 1.23%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares sank -5.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +130.97% upper at present.
During the last 5 trading sessions, ALTM fell by -2.61%, which changed the moving average for the period of 200-days by +9.89% in comparison to the 20-day moving average, which settled at $5.40. In addition, Arcadium Lithium PLC saw -23.35% 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 Antoniazzi Gilberto, who sale 166,038 shares at the price of $5.25 back on Nov 14 ’24. After this action, Antoniazzi Gilberto now owns 129,972 shares of Arcadium Lithium PLC, valued at $870,869 using the latest closing price.
Fochtman Barbara A, the Chief Operations Officer of Arcadium Lithium PLC, sale 51,748 shares at $5.26 during a trade that took place back on Nov 13 ’24, which means that Fochtman Barbara A is holding 133,627 shares at $272,210 based on the most recent closing price.
Stock Fundamentals for ALTM
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.31 for the gross margin
The net margin for Arcadium Lithium PLC stands at 0.17. The total capital return value is set at 0.01. Equity return is now at value 20.46, with 12.45 for asset returns.
Based on Arcadium Lithium PLC (ALTM), the company’s capital structure generated 0.11 points at debt to capital in total, while cash flow to debt ratio is standing at -0.16.
Currently, EBITDA for the company is 419.4 million with net debt to EBITDA at 3.77. When we switch over and look at the enterprise to sales, we see a ratio of 6.68. The receivables turnover for the company is 10.38for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.18.
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.
