Arcadium Lithium PLC [NYSE: ALTM] jumped around 0.03 points on Monday, while shares priced at $3.54 at the close of the session, up 0.85%.
Compared to the average trading volume of 10.11M shares, ALTM reached a trading volume of 6812575 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say about Arcadium Lithium PLC [ALTM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ALTM shares is $5.79 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ALTM stock is a recommendation set at 1.83. 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.
Goldman have made an estimate for Arcadium Lithium PLC shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on June 27, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on June 26, 2024, representing the official price target for Arcadium Lithium PLC stock. Previously, the target price had yet another raise to $6.25, while Argus analysts kept a Buy rating on ALTM stock.
The Average True Range (ATR) for Arcadium Lithium PLC is set at 0.20 The Price to Book ratio for the last quarter was 0.62, with the Price to Cash per share for the same quarter was set at 0.44.
How has ALTM stock performed recently?
Arcadium Lithium PLC [ALTM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.39. With this latest performance, ALTM shares gained by 7.27% in over the last four-week period, additionally sinking by -30.18% over the last 6 months.
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 ALTM stock in for the last two-week period is set at 47.34, with the RSI for the last a single of trading hit 49.51, and the three-weeks RSI is set at 45.61 for Arcadium Lithium PLC [ALTM]. The present Moving Average for the last 50 days of trading for this stock 3.94, while it was recorded at 3.61 for the last single week of trading, and 7.97 for the last 200 days.
Arcadium Lithium PLC [ALTM]: Deeper insight into the fundamentals
Arcadium Lithium PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.37 and a Current Ratio set at 1.98.
Insider trade positions for Arcadium Lithium PLC [ALTM]
The top three institutional holders of ALTM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ALTM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ALTM stock with ownership which is approximately 5.1238%.
