Livent Corporation (NYSE:LTHM) shares, rose in value on Friday, August 05, with the stock price up by 3.82% to the previous day’s close as strong demand from buyers drove the stock to $24.72.
Actively observing the price movement in the recent trading, the stock is buoying the session at $23.81, falling within a range of $23.15 and $24.79. The value of beta (5-year monthly) is 2.08 whereas the PE ratio is 91.58 over 12-month period. Referring to stock’s 52-week performance, its high was $34.61, and the low was $19.16. On the whole, LTHM has fluctuated by 13.22% over the past month.
With the market capitalization of Livent Corporation currently standing at about $4.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 02, 2022 – Nov 07, 2022. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.34, which is expected to increase to $0.38 for fiscal year $1.18 and then to about $1.49 by fiscal year 2023. Data indicates that the EPS growth is expected to be 555.60% in 2023, while the next year’s EPS growth is forecast to be 26.30%.
Analysts have estimated the company’s revenue for the quarter at $235.21 million, with a low estimate of $215 million and a high estimate of $276 million. According to the average forecast, sales growth in current quarter could jump up 127.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2023, the company’s y-o-y revenues would reach $811.33 million, representing an increase of 93.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that LTHM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
17 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 7 analyst(s), 7 recommend it as a Buy and 3 called the LTHM stock Overweight. In the meantime, 0 analyst(s) believe the stock as Underweight and 0 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Overweight.
The stock’s technical analysis shows that the PEG ratio is about 91.58, with the price of LTHM currently trading nearly 8.72% and 0.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.35, while the 7-day volatility ratio is showing 7.59% which for the 30-day chart, stands at 5.80%. Furthermore, Livent Corporation (LTHM)’s beta value is 2.03, and its average true range (ATR) is 1.50.
A comparison of Livent Corporation (LTHM) with its peers suggests the former has fared considerably weaker in the market. LTHM showed an intraday change of 3.82% in today’s session so far, and over the past year, it grew by 24.20%%. In comparison, Albemarle Corporation (ALB) has moved higher at 3.56% today and is up 13.56% over the past 12 months. Additionally, there is a gain of 4.43% for Lithium Americas Corp. (LAC) in recent trading while the stock has seen an overall depriciation of 92.86%% over the past year. The PE ratio stands at 91.58 for Livent Corporation, compared to 98.78 for Albemarle Corporation. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.03%. Meanwhile, the Dow Jones Industrial Slipped by -0.03%.
Data on historical trading for Livent Corporation (NYSE:LTHM) indicates that the trading volumes over the past 10 days have averaged 4.31 million and over the past 3 months, they’ve averaged 3.82 million. According to company’s latest data on outstanding shares, there are 161.70 million shares outstanding.
Nearly 0.80% of Livent Corporation’s shares belong to company insiders and institutional investors own 91.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 22.15 million shares as on Jul 14, 2022, resulting in a short ratio of 7.54. According to the data, the short interest in Livent Corporation (LTHM) stood at 12.36% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 21.6 million. The stock has fallen by -2.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LTHM stock heading into the next quarter.