Arcadium Lithium PLC (NYSE:ALTM) shares, rose in value, with the stock price up by 1.07% to the previous day’s close as strong demand from buyers drove the stock to $5.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.12, falling within a range of $5.11 and $5.19. The value of beta (5-year monthly) is 1.495 whereas the PE ratio is 37.34 over 12-month period. Referring to stock’s 52-week performance, its high was $7.27, and the low was $2.19. On the whole, ALTM has fluctuated by -2.36% over the past month.
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With the market capitalization of Arcadium Lithium PLC currently standing at about $5.57 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 991.81M, with a low estimate of 179.29M and a high estimate of 331.3M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 263.16M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ALTM’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of ALTM currently trading nearly -0.43% and -0.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.72, while the 7-day volatility ratio is showing 1.88% which for the 30-day chart, stands at 1.70%. Furthermore, Arcadium Lithium PLC (ALTM)’s average true range (ATR) is 0.10.
Data on historical trading for Arcadium Lithium PLC (NYSE:ALTM) indicates that the trading volumes over the past 10 days have averaged 9.59 and over the past 3 months, they’ve averaged 22.70 million. According to company’s latest data on outstanding shares, there are 1.08 billion shares outstanding.
Nearly 3.97% of Arcadium Lithium PLC’s shares belong to company insiders and institutional investors own 60.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 45.5 million shares as on 2024-11-29, resulting in a short ratio of 4.11. According to the data, the short interest in Arcadium Lithium PLC (ALTM) stood at 476.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 64.01 million. The stock has fallen by -24.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ALTM stock heading into the next quarter.
