In recent trading session today, 4.19 million shares of the Arcadium Lithium PLC (NYSE:ALTM) were traded. Most recently the company’s share price was $4.05, and it changed around -$0.12 or -2.76% from the last close, which brings the market valuation of the company to $4.36B. ALTM at last check was trading at a discount to its 52-week high of $7.27, offering almost -79.51% off that amount. The share price’s 52-week low was $2.19, which indicates that the recent value has risen by an impressive 45.93% since then. We note from Arcadium Lithium PLC’s average daily trading volume that its 10-day average is 20.54 million shares, with the 3-month average coming to 12.19 million.
Arcadium Lithium PLC stock received a consensus recommendation rating of Buy, based on a mean score of 1.88. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended ALTM as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Arcadium Lithium PLC is expected to report earnings per share of 0.04 for the current quarter.
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Arcadium Lithium PLC (NYSE:ALTM) trade information
Instantly ALTM has been showing red trend so far today with a performance of -2.76% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.40 on recent trading dayincreased the stock’s daily price by 7.95%. The company’s shares are currently down -40.46% year-to-date, but still up 42.78% over the last five days. On the other hand, Arcadium Lithium PLC (NYSE:ALTM) is 79.42% up in the 30-day period. We can see from the shorts that 74.87 million shares have been sold at a short interest cover period of 7.1 day(s).
The consensus price target as assigned by Wall Street analysts is $3.75, which translates to bulls needing to decrease their stock price by -8.0% from its current value. Analyst projections state that ALTM is forecast to be at a low of $3 and a high of $9.
Arcadium Lithium PLC (ALTM) estimates and forecasts
Arcadium Lithium PLC share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -7.63 percent over the past six months and at a -88.89% annual growth rate that is well below the industry average of 14.50%. The year-over-year growth rate is expected to be 21.10%, up from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 266.78M in revenue for the current quarter. 12 analysts expect Arcadium Lithium PLC to make 278.33M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 53.10%.
Arcadium Lithium PLC earnings are expected to increase by -90.10% in 2024, but the outlook is negative -12.17% per year for the next five years.
ALTM Dividends
Arcadium Lithium PLC’s next quarterly earnings report is expected to be released on 2024-Aug-06.
Arcadium Lithium PLC (NYSE:ALTM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.12% of Arcadium Lithium PLC shares, and 18.45% of them are in the hands of institutional investors. The stock currently has a share float of 18.47%. Arcadium Lithium PLC stock is held by 613.0 institutions, with BLACKSTONE INC. being the largest institutional investor. By 2024-06-30, it held 2.2177% of the shares, which is about 11.92 million shares worth $493.89 million.
MORGAN STANLEY, with 0.7694% or 4.13 million shares worth $171.33 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Jun 30, 2024. The former held 33.78 shares worth $140.02 million, making up 3.14% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 32.7 shares worth around $135.52 million, which represents about 3.04% of the total shares outstanding.
