Arcadium Lithium PLC [NYSE: ALTM] traded at a high on Friday, posting a 0.54 gain after which it closed the day’ session at $5.56.
The results of the trading session contributed to over 40218816 shares changing hands. Over the past one week, the price volatility of Arcadium Lithium PLC stands at 4.22% while the volatility over the past one month is 4.74%.
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The market cap for ALTM stock reached $5.98 billion, with 1.07 billion shares outstanding and 1.03 billion shares in the current float. Compared to the average trading volume of 19.60M shares, ALTM reached a trading volume of 40218816 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 $5.25 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 2.27. 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.
UBS have made an estimate for Arcadium Lithium PLC shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 03, 2024. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Hold. The new note on the price target was released on August 22, 2024, representing the official price target for Arcadium Lithium PLC stock. Previously, the target price had yet another raise to $4.30, while Goldman analysts kept a Neutral rating on ALTM stock.
The Average True Range (ATR) for Arcadium Lithium PLC is set at 0.29 The Price to Book ratio for the last quarter was 0.95, with the Price to Cash per share for the same quarter was set at 0.35.
How has ALTM stock performed recently?
Arcadium Lithium PLC [ALTM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 80.52. With this latest performance, ALTM shares gained by 126.02% in over the last four-week period, additionally plugging by 35.28% 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 90.39, with the RSI for the last a single of trading hit 94.64, and the three-weeks RSI is set at 84.89 for Arcadium Lithium PLC [ALTM]. The present Moving Average for the last 50 days of trading for this stock 2.87, while it was recorded at 5.01 for the last single week of trading, and 4.35 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 1.56 and a Current Ratio set at 2.26.
Earnings analysis for Arcadium Lithium PLC [ALTM]
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 ALTM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Arcadium Lithium PLC go to -12.17%.
Insider trade positions for Arcadium Lithium PLC [ALTM]
There are presently around $18.45%, or 18.47%% of ALTM stock, in the hands of institutional investors. The top three institutional holders of ALTM stocks are: BLACKSTONE INC. with ownership of 11.92 million shares, which is approximately 2.2177%. MORGAN STANLEY, holding 4.13 million shares of the stock with an approximate value of $$171.33 million in ALTM stocks shares; and MORGAN STANLEY, currently with $$161.77 million in ALTM stock with ownership which is approximately 0.7264%.
