In the latest trading session, 0.97 million Arcadium Lithium PLC (NYSE:ALTM) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $2.67 changed hands at -$0.01 or -0.54% at last look, the market valuation stands at $2.87B. ALTM’s current price is a discount, trading about -172.28% off its 52-week high of $7.27. The share price had its 52-week low at $2.50, which suggests the last value was 6.37% up since then. When we look at Arcadium Lithium PLC’s average trading volume, we note the 10-day average is 13.57 million shares, with the 3-month average coming to 10.67 million.

Analysts gave the Arcadium Lithium PLC (ALTM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.80. If we narrow down to specifics, the data shows that 1 out of 5 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 2 recommended ALTM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Arcadium Lithium PLC’s EPS for the current quarter is expected to be 0.04.

Arcadium Lithium PLC (NYSE:ALTM) trade information

Instantly ALTM was in red as seen in intraday trades today. With action -0.16%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -60.86%, with the 5-day performance at -0.16% in the red. However, in the 30-day time frame, Arcadium Lithium PLC (NYSE:ALTM) is -24.06% down. Looking at the short shares, we see there were 78.65 million shares sold at short interest cover period of 9.52 days.

The consensus price target for the stock as assigned by Wall Street analysts is 4, meaning bulls need an upside of 33.25% from its recent market value. According to analyst projections, ALTM’s forecast low is 3.5 with 9 as the target high. To hit the forecast high, the stock’s price needs a -237.08% plunge from its current level, while the stock would need to soar -31.09% for it to hit the projected low.

Arcadium Lithium PLC (ALTM) estimates and forecasts

Data shows that the Arcadium Lithium PLC share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -46.04% over the past 6 months, a -87.83% in annual growth rate that is considerably lower than the industry average of 15.00%. Year-over-year growth is forecast to reach 24.10% up from the last financial year.

Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 276.57M. 7 analysts are of the opinion that Arcadium Lithium PLC’s revenue for the current quarter will be 293.73M. The estimates for the next quarter sales put growth at 61.60%.

The 2024 estimates are for Arcadium Lithium PLC earnings to decrease by -89.85%.

ALTM Dividends

Arcadium Lithium PLC is expected to release its next quarterly earnings report on 2024-Aug-06.

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

If we look at who the major shareholders are, we find that insiders hold 0.12% of Arcadium Lithium PLC shares while 18.45% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 18.47%. There are 18.45% institutions holding the Arcadium Lithium PLC stock share, with BLACKSTONE INC. the top institutional holder. As of 2024-03-31, the company held 2.2168% of the shares, roughly 11.91 million ALTM shares worth $474.98 million.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 0.6168% or 3.31 million shares worth $132.16 million as of 2024-03-31.

Among Mutual Funds, the top two as of Mar 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. With 34.19 shares estimated at $91.81 million under it, the former controlled 3.18% of total outstanding shares. On the other hand, iShares Core S&P Midcap ETF held about 2.99% of the shares, roughly 32.16 shares worth around $86.35 million.