Arcadium Lithium PLC (NYSE:ALTM) traded at $5.43 at last check on current trade day and made a downward move of -0.28% on its previous day’s price.
Looking at the stock we see that its previous close was $5.44 and the beta (5Y monthly) reads 1.619 with the day’s price range being $5.41 – $5.46. In terms of its 52-week price range, ALTM has a high of $7.27 and a low of $2.19. The company’s stock has gained about 76.14% over that past 30 days.
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Arcadium Lithium PLC has a market cap of $5.89 billion and is expected to release its quarterly earnings report on 2024-Nov-07.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 268.59M, with a low of 244M and a high of 288.19M. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 1.07B, or 21.10% up from figures reported last year.
On the other hand, looking at the outlook for the ALTM stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 25% Buy.
Based on estimates by 5 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Arcadium Lithium PLC (ALTM) stock as a Hold, while 1 rate it as a Buy. 1 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is -0.11% off its SMA20 and 44.23% from its 50-day simple moving average. The RSI (14) is pointing at 77.08 while the volatility over the past week is 1.47% and jumps to 2.07% over the past one month. The average price target for the stock over the next 12 months is $4, with the estimates having a low of $3 and a high of $9. These price ends are 44.75% and -65.75% off the today’s price level respectively, although investors could be excited at the prospect of a 26.34% if the ALTM share price touches on the median price of $4.
Coming back to Arcadium Lithium PLC (NYSE:ALTM), we note that the average 3-month trading volume was 23.13 million, while that of the preceding 10-day period stands at 18.6 million. Current shares outstanding are 1.07 billion.
The insiders hold 3.88% of the company’s shares while institutions hold 59.29%. The data shows that short shares as of 2024-10-15, stood at 75.87 million at a short ratio of 1.89. This represents a 794.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 74.87 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -20.34% down in year-to-date price movement.
