Arcadium Lithium PLC (NYSE:ALTM) price on Friday, May 31, fall -3.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $4.36.
A look at the stock’s price movement, the level at last check in today’s session was $4.51. Turning to its 52-week performance, $7.27 and $3.67 were the 52-week high and 52-week low respectively. Overall, ALTM moved -4.18% over the past month.
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Arcadium Lithium PLC’s market cap currently stands at around $4.69 billion.
Analysts have a consensus estimate of 280.09M for the company’s revenue for the quarter, with a low and high estimate of 239M and 328.2M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.22B, representing a 38.00% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ALTM is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
ALTM’s current price about -6.83% and -0.59% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.81, while 7-day volatility ratio is 4.89% and 5.12% in the 30-day chart. Further, Arcadium Lithium PLC (ALTM) has a beta value of 0, and an average true range (ATR) of 0.25.
If we refocus on Arcadium Lithium PLC (NYSE:ALTM), historical trading data shows that trading volumes averaged 10.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.07 billion shares.
The 0.15% of Arcadium Lithium PLC’s shares are in the hands of company insiders while institutional holders own 54.87% of the company’s shares. Current price change has pushed the stock -35.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ALTM stock continues to rise going into the next quarter.
