Livent Corporation [LTHM] Stock trading around $24.67 per share: What’s Next?

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Livent Corporation [NYSE: LTHM] slipped around -0.89 points on Wednesday, while shares priced at $24.67 at the close of the session, down -3.48%. The company report on May 27, 2022 that Lilium and Livent Announce Collaboration to Advance Research and Development for High-Performance Lithium Batteries.


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Lilium has signed an R&D collaboration agreement with lithium technology innovator Livent.

Lilium N.V. (NASDAQ: LILM) (“Lilium”), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, and Livent Corporation (NYSE: LTHM) (“Livent”), one of the world’s leading producers of lithium products for the battery cell industry, announced today a research and development collaboration agreement.

Livent Corporation stock is now 1.19% up from its year-to-date (YTD) trading value. LTHM Stock saw the intraday high of $26.01 and lowest of $23.85 per share. The company’s 52-week high price is 34.61, which means current price is +26.19% above from all time high which was touched on 05/27/22.

Compared to the average trading volume of 3.54M shares, LTHM reached a trading volume of 4081925 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Livent Corporation [LTHM]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for LTHM shares is $33.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on LTHM stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Deutsche Bank have made an estimate for Livent Corporation shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 17, 2022. While these analysts kept the previous recommendation, Cowen raised their target price from $25 to $33. The new note on the price target was released on May 04, 2022, representing the official price target for Livent Corporation stock.

The Average True Range (ATR) for Livent Corporation is set at 2.24, with the Price to Sales ratio for LTHM stock in the period of the last 12 months amounting to 8.67. The Price to Book ratio for the last quarter was 4.70, with the Price to Cash per share for the same quarter was set at 0.41.

How has LTHM stock performed recently?

Livent Corporation [LTHM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -15.31. With this latest performance, LTHM shares dropped by -5.66% in over the last four-week period, additionally sinking by -2.76% over the last 6 months – not to mention a rise of 38.44% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for LTHM stock in for the last two-week period is set at 42.46, with the RSI for the last a single of trading hit 36.84, and the three-weeks RSI is set at 45.47 for Livent Corporation [LTHM]. The present Moving Average for the last 50 days of trading for this stock 26.11, while it was recorded at 26.03 for the last single week of trading, and 25.43 for the last 200 days.

Livent Corporation [LTHM]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Livent Corporation [LTHM] shares currently have an operating margin of +13.94 and a Gross Margin at +26.52. Livent Corporation’s Net Margin is presently recorded at +0.14.

Return on Equity for this stock inclined to 0.08, with Return on Assets sitting at 0.05.

Livent Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 3.00.

Earnings analysis for Livent Corporation [LTHM]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for LTHM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Livent Corporation go to 1.00%.

Insider trade positions for Livent Corporation [LTHM]

There are presently around $4,115 million, in the hands of institutional investors. The top three institutional holders of LTHM stocks are: BLACKROCK INC. with ownership of 25,674,467, which is approximately 3.204% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 17,627,545 shares of the stock with an approximate value of $450.56 million in LTHM stocks shares; and AMERIPRISE FINANCIAL INC, currently with $248.78 million in LTHM stock with ownership of nearly 21.914% of the company’s market capitalization.

Positions in Livent Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 203 institutional holders increased their position in Livent Corporation [NYSE:LTHM] by around 21,948,160 shares. Additionally, 145 investors decreased positions by around 17,991,983 shares, while 69 investors held positions by with 121,051,620 shares. The mentioned changes placed institutional holdings at 160,991,763 shares, according to the latest SEC report filing. LTHM stock had 57 new institutional investments in for a total of 4,263,898 shares, while 45 institutional investors sold positions of 1,807,188 shares during the same period.

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