In recent trading session, Livent Corporation (NYSE:LTHM) saw 1,861,896 shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $21.98 trading at $0.81 or 3.8% at last check today assigns it a market valuation of $3.2 Billion. That most recent trading price of LTHM’s stock is at a discount of -2.59% from its 52-week high price of $22.55 and is indicating a premium of 82.03% from its 52-week low price of $3.95. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.68 Million shares which gives us an average trading volume of 3.93 Million if we extend that period to 3-months.
For Livent Corporation (LTHM), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.8. Splitting up the data highlights that, out of 14 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 8 suggested the stock as a Hold whereas 2 see the stock as a Buy. 2 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.01 in the current quarter.
Livent Corporation (NYSE:LTHM) trade information
Upright in the green today for gaining 3.8%, in the last five days LTHM remained trading in the green while hitting it’s week-highest on Friday, Jan 08 when the stock touched $22.36- price level, adding 2.08% to its value on the day. Livent Corporation’s shares saw a change of 16.22% in year-to-date performance and have moved -0.93% in past 5-day. Livent Corporation (NYSE:LTHM) showed a performance of 35.91% in past 30-days. Number of shares sold short was 27.49 Million shares which calculate 6.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $16.7 to the stock, which implies targetted prices is already lagging behind -24.02% to its recent value today. Analysts have been projecting $10 as a low price target for the stock while placing it at a high target of $24. It follows that stock’s price at last check today has to jump +9.19% in reaching the projected high whereas dropping to the targeted low would mean a loss of -54.5% for stock’s latest value.
Livent Corporation (LTHM) estimates and forecasts
Statistics highlight that Livent Corporation is scoring comparatively lower than the scores of other players of the relevant industry. The company added +221.73% of value to its shares in past 6 months, showing an annual growth rate of -107.14% while that of industry is -5.1. Apart from that, the company came lowering its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to decline by -80% in the current quarter and calculating 50% increase in the next quarter. This year revenue growth is estimated to drop -25.3% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $82.99 Million for the same. And 5 analysts are in estimates of company making revenue of $86.34 Million in the next quarter that will end on March 01, 2021. Company posted $78.4 Million and $68.5 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 5.9% while estimating it to be 26% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -60.4% while estimates for its earnings growth in next 5 years are of 6.41%
Livent Corporation (NYSE:LTHM)’s Major holders
Insiders are in possession of 0.74% of company’s total shares while institution are holding 109.15% percent of that, with stock having share float percentage of 109.96%. Investors also watch the number of corporate investors in a company very closely, which is 363 institutions for Livent Corporation that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at LTHM for having 22.75 Million shares of worth $204.08 Million. And as of September 29, 2020, it was holding 15.55% of the company’s outstanding shares.
The second largest institutional holder is FMR, LLC, which was holding about 21.9 Million shares on September 29, 2020. The number of shares represents firm’s hold over 14.97% of outstanding shares, having a total worth of $196.48 Million.
On the other hand, iShares Core S&P Smallcap ETF and Fidelity Balanced Fund are the top two Mutual Funds which own company’s shares. As of December 30, 2020, the former fund manager was holding 9393106 shares of worth $176.97 Million or 6.42% of the total outstanding shares. The later fund manager was in possession of 5.88 Million shares on November 29, 2020, making its stake of worth around $89.19 Million in the company or a holder of 4.02% of company’s stock.
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