Arcadium Lithium PLC [NYSE: ALTM] loss -2.48% on the last trading session, reaching $5.12 price per share at the time.
If compared to the average trading volume of 22.86M shares, ALTM reached a trading volume of 9237081 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying 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 $5.97 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 2.60. 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.
Scotiabank have made an estimate for Arcadium Lithium PLC shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on November 11, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Neutral. The new note on the price target was released on September 03, 2024, representing the official price target for Arcadium Lithium PLC stock. Previously, the target price had yet another raise to $3, while Deutsche Bank analysts kept a Hold rating on ALTM stock.
The Average True Range (ATR) for Arcadium Lithium PLC is set at 0.10, with the Price to Sales ratio for ALTM stock in the period of the last 12 months amounting to 6.28. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 0.12.
Trading performance analysis for ALTM stock
Arcadium Lithium PLC [ALTM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.78. With this latest performance, ALTM shares dropped by -4.83% in over the last four-week period, additionally plugging by 27.68% 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 47.60, with the RSI for the last a single of trading hit 41.27, and the three-weeks RSI is set at 54.45 for Arcadium Lithium PLC [ALTM]. The present Moving Average for the last 50 days of trading for this stock 5.07, while it was recorded at 5.15 for the last single week of trading, and 4.07 for the last 200 days.
Arcadium Lithium PLC [ALTM]: A deeper dive into fundamental analysis
Arcadium Lithium PLC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 1.18.
Arcadium Lithium PLC [ALTM]: An earnings per share (EPS) analysis
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 -13.11%.
An analysis of Institutional ownership at 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%.
