Arcadium Lithium PLC [NYSE: ALTM] traded at a low on Friday, posting a -5.92 loss after which it closed the day’ session at $2.86.
The results of the trading session contributed to over 21247665 shares changing hands. Over the past one week, the price volatility of Arcadium Lithium PLC stands at 6.10% while the volatility over the past one month is 5.10%.
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The market cap for ALTM stock reached $3.08 billion, with 1.07 billion shares outstanding and 1.07 billion shares in the current float. Compared to the average trading volume of 9.75M shares, ALTM reached a trading volume of 21247665 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 0.50, 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 -16.37. With this latest performance, ALTM shares dropped by -17.34% in over the last four-week period, additionally sinking by -39.79% 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 30.43, with the RSI for the last a single of trading hit 24.30, and the three-weeks RSI is set at 34.00 for Arcadium Lithium PLC [ALTM]. The present Moving Average for the last 50 days of trading for this stock 3.66, while it was recorded at 3.10 for the last single week of trading, and 7.32 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%.
