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Investors Could Make -124.89% On Livent Corporation (NYSE: LTHM) Stock

In the last trading session, 3.38 million Livent Corporation (NYSE:LTHM) shares changed hands as the company’s beta touched 1.83. With the company’s per share price at $20.01 changed hands at -$0.17 or -0.84% during last session, the market valuation stood at $3.59B. LTHM’s last price was a discount, traded about -78.96% off its 52-week high of $35.81. The share price had its 52-week low at $18.26, which suggests the last value was 8.75% up since then. When we look at Livent Corporation’s average trading volume, we note the 10-day average is 3.11 million shares, with the 3-month average coming to 2.68 million.

Analysts gave the Livent Corporation (LTHM) stock a consensus recommendation rating of an Overweight, calculated at a mean rating of 2.10. If we narrow down to specifics, the data shows that 0 out of 19 analysts rate the stock as a Sell, with a further 2 assigning it an Overweight rating. Of the remaining, 4 recommended LTHM as a Hold, 13 felt it is a Buy and 0 rated the stock as Underweight. Livent Corporation’s EPS for the current quarter is expected to be $0.47.

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Livent Corporation (NYSE:LTHM) trade information

Instantly LTHM was in red as seen at the end of in last trading. With action -2.25%, the performance over the past five days has been red. The drop to weekly highs of 20.52 on Monday, 09/18/23 subtracted -0.84% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.70%, with the 5-day performance at -2.25% in the red. However, in the 30-day time frame, Livent Corporation (NYSE:LTHM) is -5.57% down. Looking at the short shares, we see there were 28.07 million shares sold at short interest cover period of 9.86 days.

The consensus price target for the stock as assigned by Wall Street analysts is $32.32, meaning bulls need an upside of 38.09% from its current market value. According to analyst projections, LTHM’s forecast low is $27.00 with $45.00 as the target high. To hit the forecast high, the stock’s price needs a -124.89% plunge from its current level, while the stock would need to soar -34.93% for it to hit the projected low.

Livent Corporation (LTHM) estimates and forecasts

Data shows that the Livent Corporation share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 0.15% over the past 6 months, a 53.57% in annual growth rate that is considerably higher than the industry average of 4.70%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Livent Corporation will rise 14.60%, while the growth in revenue is estimated to hit 32.50% for the next quarter. Year-over-year growth is forecast to reach 31.40% up from the last financial year.

Consensus estimates given by 10 financial analysts project the company’s revenue in the current quarter to hit an average of $273.96 million. 9 analysts are of the opinion that Livent Corporation’s revenue for the quarter ending Dec 2023 will be $309.36 million. The company’s revenue for the corresponding quarters a year ago was $251.92 million and $219.4 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.70%. The estimates for the next quarter sales put growth at 41.00%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 29.50%. The 2023 estimates are for Livent Corporation earnings to increase by 51.40%, but the outlook for the next 5-year period is at 30.30% per year.

LTHM Dividends

Livent Corporation is expected to release its next quarterly earnings report in October.

Livent Corporation (NYSE:LTHM)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 0.73% of Livent Corporation shares while 102.73% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 103.49%. There are 102.73% institutions holding the Livent Corporation stock share, with Blackrock Inc. the top institutional holder. As of Jun 29, 2023, the company held 16.34% of the shares, roughly 29.37 million LTHM shares worth $805.52 million.

Vanguard Group Inc holds the second largest percentage of outstanding shares, with 11.13% or 20.01 million shares worth $548.75 million as of Jun 29, 2023.

Among Mutual Funds, the top two as of Aug 30, 2023 were iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund. With 12.68 million shares estimated at $272.34 million under it, the former controlled 7.06% of total outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held about 3.12% of the shares, roughly 5.6 million shares worth around $153.68 million.

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