Arcadium Lithium PLC (NYSE:ALTM)’s traded shares stood at 5.31 million during the last session. At the last check today, the stock’s price was $3.09, to imply an increase of 10.18% or $0.29 in intraday trading. The ALTM share’s 52-week high remains $7.27, putting it -135.28% down since that peak but still an impressive 29.13% since price per share fell to its 52-week low of $2.19. The company has a valuation of $3.32B, with an average of 11.53 million shares in intraday trading volume over the past 10 days and average of 10.56 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Arcadium Lithium PLC (ALTM), translating to a mean rating of 1.89. Of 5 analyst(s) looking at the stock, 1 analyst(s) give ALTM a Sell rating. 1 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.04.
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Arcadium Lithium PLC (NYSE:ALTM) trade information
After registering a 10.18% upside in the latest session, Arcadium Lithium PLC (ALTM) has traded red over the past five days. The 5-day price performance for the stock is 7.12%, and 29.08% over 30 days. With these gigs, the year-to-date price performance is -54.70%. Short interest in Arcadium Lithium PLC (NYSE:ALTM) saw shorts transact 74.87 million shares and set a 7.1 days time to cover.
The extremes give us $3 and $9 for target low and target high price respectively. As such, ALTM has been trading -191.26% off suggested target high and 2.91% from its likely low.
Arcadium Lithium PLC (ALTM) estimates and forecasts
Looking at statistics comparing Arcadium Lithium PLC share performance against respective industry, we note that the company has underperformed competitors. Arcadium Lithium PLC (ALTM) shares are -26.37% down over the last 6 months, with its year-to-date growth rate lower than industry average at -88.89% against 14.60%. The rating firms project that company’s revenue will grow 21.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 12 analysts is 266.78M. Meanwhile, for the current quarter, a total of 12 analyst(s) estimate revenue growth to 278.33M.
ALTM Dividends
Arcadium Lithium PLC has its next earnings report out on 2024-Aug-06. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Arcadium Lithium PLC (NYSE:ALTM)’s Major holders
Arcadium Lithium PLC insiders hold 0.12% of total outstanding shares, with institutional holders owning 18.45% of the shares at 18.47% float percentage. In total, 18.45% institutions holds shares in the company, led by BLACKSTONE INC. As of 2024-06-30, the company held over 11.92 million shares (or 2.2177% of shares), all amounting to roughly $493.89 million.
The next major institution holding the largest number of shares is MORGAN STANLEY with 4.13 million shares, or about 0.7694% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $171.33 million.
