Arcadium Lithium PLC (NYSE: ALTM) has a higher price-to-earnings ratio of 42.06x compared to its average ratio, The 36-month beta value for ALTM is at -2.70. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 17 as “hold,” and 0 as “sell.”
The public float for ALTM is 1.03B, and currently, shorts hold a 4.37% of that float. The average trading volume for ALTM on February 14, 2025 was 14.52M shares.
ALTM) stock’s latest price update
The stock price of Arcadium Lithium PLC (NYSE: ALTM) has jumped by 0.17 compared to previous close of 5.82. Despite this, the company has seen a gain of 1.75% in its stock price over the last five trading days. prnewswire.com reported 2025-02-06 that PHILADELPHIA and PERTH, Australia, Feb. 6, 2025 /PRNewswire/ — Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, “Arcadium Lithium”) today announced it will release fourth quarter and full year 2024 earnings results on Thursday, February 27, 2025, after stock market close via PR Newswire and the company’s investor relations website at: https://ir.arcadiumlithium.com. As a result of its pending acquisition by Rio Tinto, and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its fourth quarter financial results.
ALTM’s Market Performance
Arcadium Lithium PLC (ALTM) has seen a 1.75% rise in stock performance for the week, with a 2.10% gain in the past month and a 10.00% surge in the past quarter. The volatility ratio for the week is 0.52%, and the volatility levels for the past 30 days are at 0.56% for ALTM. The simple moving average for the past 20 days is 1.45% for ALTM’s stock, with a 35.71% simple moving average for the past 200 days.
Analysts’ Opinion of ALTM
Scotiabank, on the other hand, stated in their research note that they expect to see ALTM reach a price target of $5.85. The rating they have provided for ALTM stocks is “Sector Perform” according to the report published on November 11th, 2024.
UBS gave a rating of “Neutral” to ALTM, setting the target price at $3 in the report published on September 03rd of the previous year.
ALTM Trading at 7.17% 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 0.00% of loss for the given period.
Volatility was left at 0.56%, however, over the last 30 days, the volatility rate increased by 0.52%, as shares surge +2.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.89% upper at present.
During the last 5 trading sessions, ALTM rose by +1.66%, which changed the moving average for the period of 200-days by +28.87% in comparison to the 20-day moving average, which settled at $5.75. In addition, Arcadium Lithium PLC saw 13.65% in overturn over a single year, with a tendency to cut further gains.
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 2.46. When we switch over and look at the enterprise to sales, we see a ratio of 7.38. 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
In conclusion, Arcadium Lithium PLC (ALTM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
