Arcadium Lithium PLC (NYSE:ALTM) price on current trading day, rose 0.35% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $5.73.
A look at the stock’s price movement, the level at last check in today’s session was $5.71, moving within a range at $5.71 and $5.73. The beta value (5-Year monthly) was 1.495 while the PE ratio in trailing twelve months stood at 41.34. Turning to its 52-week performance, $5.73 and $2.19 were the 52-week high and 52-week low respectively. Overall, ALTM moved 11.48% over the past month.
Arcadium Lithium PLC’s market cap currently stands at around $6.16 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 256.49M for the company’s revenue for the quarter, with a low and high estimate of 179.29M and 318.77M respectively. The average forecast suggests up to a 41.08% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 990.72M, representing a 12.26% 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 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
5 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend ALTM as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ALTM’s current price about 8.42% and 8.98% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.64, while 7-day volatility ratio is 0.60% and 1.83% in the 30-day chart. Further, Arcadium Lithium PLC (ALTM) has a beta value of -2.85, and an average true range (ATR) of 0.11. Analysts have given the company’s stock an average 52-week price target of $5.85, forecast between a low of $3 and high of $9. Looking at the price targets, the low is 47.64% off recent price level in today’s trading while to achieve the yearly target high, it has to move -57.07%. Nonetheless, investors will most likely welcome a -2.09% jump to $5.85 which is the analysts’ median price.
If we refocus on Arcadium Lithium PLC (NYSE:ALTM), historical trading data shows that trading volumes averaged 24.34 over the past 10 days and 15.45 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.08 billion shares.
The 3.96% of Arcadium Lithium PLC’s shares are in the hands of company insiders while institutional holders own 59.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 45.09 million on 2024-12-31, giving us a short ratio of 3.61. The data shows that as of 2024-12-31 short interest in Arcadium Lithium PLC (ALTM) stood at 471.99998 of shares outstanding, with shares short falling to 45.5 million registered in 2024-11-29. Current price change has pushed the stock 11.70% 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.
