Now Is A Good Time To Buy Arcadium Lithium PLC (NYSE: ALTM)

During the recent session, Arcadium Lithium PLC (NYSE:ALTM)’s traded shares were 1.13 million. At the last check today, the stock’s price was $3.50, reflecting an intraday loss of -3.31% or -$0.12. The 52-week high for the ALTM share is $7.27, that puts it down -107.71 from that peak though still a striking 11.43% gain since the share price plummeted to a 52-week low of $3.10. The company’s market capitalization is $3.76B, and the average intraday trading volume over the past 10 days was 7.72 million shares, and the average trade volume was 10.13 million shares over the past three months.

Arcadium Lithium PLC (ALTM) received a consensus recommendation of Strong Buy from analysts. That translates to a mean rating of 1.83. ALTM has a Sell rating from 1 analyst(s) out of 3 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 0 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight.

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Arcadium Lithium PLC (NYSE:ALTM) trade information

Arcadium Lithium PLC (ALTM) registered a -3.31% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.31% in intraday trading to $3.50, hitting a weekly high. The stock’s 5-day price performance is -4.89%, and it has moved by 4.17% in 30 days. The short interest in Arcadium Lithium PLC (NYSE:ALTM) is 84.96 million shares and it means that shorts have 6.96 day(s) to cover.

The extremes of the forecast give a target low and a target high price of $3.75 and $9 respectively. As a result, ALTM is trading at a discount of -157.14% off the target high and -7.14% off the low.

Arcadium Lithium PLC (ALTM) estimates and forecasts

Statistics show that Arcadium Lithium PLC has underperformed its competitors in share price, compared to the industry in which it operates. Arcadium Lithium PLC (ALTM) shares have gone down -35.42% during the last six months, with a year-to-date growth rate less than the industry average at -87.30% against 18.30.

While earnings are projected to return -89.60% in 2024.

ALTM Dividends

Arcadium Lithium PLC is due to release its next quarterly earnings in August. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Arcadium Lithium PLC (NYSE:ALTM)’s Major holders

The next largest institutional holding, with 3.31 million shares, is of VANGUARD GROUP INC’s that is approximately 1.8446% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $132.16 million.