In the last trading session, 7.79 million Arcadium Lithium PLC (NYSE:ALTM) shares changed hands as the company’s beta touched 0. With the company’s per share price at $2.84 changed hands at -$0.01 or -0.35% during last session, the market valuation stood at $3.05B. ALTM’s last price was a discount, traded about -155.99% off its 52-week high of $7.27. The share price had its 52-week low at $2.19, which suggests the last value was 22.89% up since then. When we look at Arcadium Lithium PLC’s average trading volume, we note the 10-day average is 11.69 million shares, with the 3-month average coming to 10.52 million.
Analysts gave the Arcadium Lithium PLC (ALTM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 1.92. 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.
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Arcadium Lithium PLC (NYSE:ALTM) trade information
Instantly ALTM was in red as seen at the end of in last trading. With action 10.08%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -58.30%, with the 5-day performance at 10.08% in the green. However, in the 30-day time frame, Arcadium Lithium PLC (NYSE:ALTM) is 4.80% up. Looking at the short shares, we see there were 74.87 million shares sold at short interest cover period of 7.1 days.
The consensus price target for the stock as assigned by Wall Street analysts is 3.75, meaning bulls need an upside of 24.27% from its current market value. According to analyst projections, ALTM’s forecast low is 3 with 9 as the target high. To hit the forecast high, the stock’s price needs a -216.9% plunge from its current level, while the stock would need to soar -5.63% 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 -31.40% over the past 6 months, a -88.89% in annual growth rate that is considerably lower than the industry average of 14.50%. Year-over-year growth is forecast to reach 21.20% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 270.45M. 12 analysts are of the opinion that Arcadium Lithium PLC’s revenue for the current quarter will be 281.09M. The estimates for the next quarter sales put growth at 54.60%.
The 2024 estimates are for Arcadium Lithium PLC earnings to decrease by -89.97%, but the outlook for the next 5-year period is at -12.17% per year.
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 2024-06-30, the company held 2.2177% of the shares, roughly 11.92 million ALTM shares worth $493.89 million.
MORGAN STANLEY holds the second largest percentage of outstanding shares, with 0.7694% or 4.13 million shares worth $171.33 million as of 2024-06-30.