The trading price of Arcadium Lithium PLC (NYSE:ALTM) floating higher at last check on Tuesday, April 23, closing at $3.97, 3.52% higher than its previous close.
In examining the 52-week price action we see that the stock hit a 52-week high of $7.27 and a 52-week low of $3.67. Over the past month, the stock has lost -9.86% in value.
Arcadium Lithium PLC, whose market valuation is $4.27 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.04 per share this quarter, however they have predicted annual earnings per share of $0.21 for 2024 and $0.32 for 2025. It means analysts are expecting annual earnings per share growth of -88.90% this year and 52.40% next year.
Analysts have forecast the company to bring in revenue of $284.62 million for the current quarter, with the likely lows of $245.31 million and highs of $314 million. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $1.3 billion. The company’s revenue is forecast to grow by 47.60% over what it did in 2024.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Arcadium Lithium PLC no upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ALTM has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
A quick review shows that ALTM’s price is currently -4.02% off the SMA20 and -12.39% off the SMA50. The RSI metric on the 14-day chart is currently showing 42.51, and weekly volatility stands at 5.51%. When measured over the past 30 days, the indicator reaches 5.92%. Arcadium Lithium PLC (NYSE:ALTM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.25.
To see how Arcadium Lithium PLC stock has been performing today in comparison to its peers in the industry, here are the numbers: ALTM stock’s performance was 3.52% in the latest trading.
An evaluation of the daily trading volume of Arcadium Lithium PLC (NYSE:ALTM) indicates that the 3-month average is 10.98 million.
Currently, records show that 1.07 billion of the company’s shares remain outstanding. The insiders hold 0.21% of outstanding shares, whereas institutions hold 12.40%. However, since the stock’s price has seen -41.63% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
