Arcadium Lithium PLC [NYSE: ALTM] price surged by 0.35 percent to reach at $0.02.
The one-year ALTM stock forecast points to a potential upside of 0.35. The average equity rating for ALTM stock is currently 2.89, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $5.77 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 2.89. 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.
Argus have made an estimate for Arcadium Lithium PLC shares, keeping their opinion on the stock as Hold, with their previous recommendation back on December 12, 2024. The new note on the price target was released on November 11, 2024, representing the official price target for Arcadium Lithium PLC stock. Previously, the target price had yet another raise to $3, while UBS analysts kept a Neutral rating on ALTM stock.
The Average True Range (ATR) for Arcadium Lithium PLC is set at 0.08, with the Price to Sales ratio for ALTM stock in the period of the last 12 months amounting to 6.87. The Price to Book ratio for the last quarter was 0.98, with the Price to Cash per share for the same quarter was set at 0.13.
ALTM Stock Performance Analysis:
Arcadium Lithium PLC [ALTM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.88. With this latest performance, ALTM shares gained by 18.56% in over the last four-week period, additionally plugging by 74.77% over the last 6 months – not to mention a rise of 9.52% 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 ALTM stock in for the last two-week period is set at 72.13, with the RSI for the last a single of trading hit 78.02, and the three-weeks RSI is set at 68.71 for Arcadium Lithium PLC [ALTM]. The present Moving Average for the last 50 days of trading for this stock 5.29, while it was recorded at 5.73 for the last single week of trading, and 4.17 for the last 200 days.
Insight into Arcadium Lithium PLC Fundamentals:
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] Institutonal Ownership Details
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: MORGAN STANLEY with ownership of 4.13 million shares, which is approximately 0.7694%. VANGUARD GROUP INC, holding 3.9 million shares of the stock with an approximate value of $$161.77 million in ALTM stocks shares; and VANGUARD GROUP INC, currently with $$144.84 million in ALTM stock with ownership which is approximately 0.6504%.
