Arcadium Lithium PLC (NYSE:ALTM) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $5.84.
Actively observing the price movement in the last trading, the stock closed the session at $5.84. The PE ratio was 64.67 over 12-month period. Referring to stock’s 52-week performance, its high was $5.87, and the low was $2.19. On the whole, ALTM has fluctuated by 2.28% over the past month.
With the market capitalization of Arcadium Lithium PLC currently standing at about $6.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.12B, with a low estimate of 232.33M and a high estimate of 289.17M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 260.75M.
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 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.71, with the price of ALTM currently trading nearly 0.58% and 4.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.64, while the 7-day volatility ratio is showing 0.29% which for the 30-day chart, stands at 0.42%. Furthermore, Arcadium Lithium PLC (ALTM)’s beta value is -1.94, and its average true range (ATR) is 0.03.
A comparison of Arcadium Lithium PLC (ALTM) with its peers suggests the former has fared considerably weaker in the market. ALTM showed an intraday change of 0.00% in last session, and over the past year, it grew by 5.61%%.
Data on historical trading for Arcadium Lithium PLC (NYSE:ALTM) indicates that the trading volumes over the past 3 months, they’ve averaged 16.39 million. According to company’s latest data on outstanding shares, there are 1.08 billion shares outstanding.
Nearly 3.99% of Arcadium Lithium PLC’s shares belong to company insiders and institutional investors own 69.10% of the company’s shares. The stock has risen by 13.84% 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.
