During the recent session, Arcadium Lithium PLC (NYSE:ALTM)’s traded shares were 9.06 million. The 52-week high for the ALTM share is $7.27, that puts it down -31.46 from that peak though still a striking 60.4% gain since the share price plummeted to a 52-week low of $2.19. The company’s market capitalization is $5.95B, and the average intraday trading volume over the past 10 days was 67.24 million shares, and the average trade volume was 19.60 million shares over the past three months.
Arcadium Lithium PLC (ALTM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.19. ALTM has a Sell rating from 1 analyst(s) out of 5 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 1 recommend a Buy rating for it.
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Arcadium Lithium PLC (NYSE:ALTM) trade information
Arcadium Lithium PLC (ALTM) registered a 0.09% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.09% in intraday trading to $5.53, hitting a weekly high. The stock’s 5-day price performance is 79.71%, and it has moved by 125.00% in 30 days. The short interest in Arcadium Lithium PLC (NYSE:ALTM) is 81.37 million shares and it means that shorts have 7.35 day(s) to cover.
The consensus price target of analysts on Wall Street is $3.75, which implies a decrease of -47.47% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3 and $9 respectively. As a result, ALTM is trading at a discount of -62.75% off the target high and 45.75% 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 up 34.67% during the last six months, with a year-to-date growth rate less than the industry average at -88.89% against 14.50.
While earnings are projected to return -89.98% in 2024, the next five years will return -12.17% per annum.
ALTM Dividends
Arcadium Lithium PLC is due to release its next quarterly earnings on 2024-Aug-06. 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
Arcadium Lithium PLC insiders own 0.12% of total outstanding shares while institutional holders control 18.45%, with the float percentage being 18.47%. BLACKSTONE INC. is the largest shareholder of the company, while 613.0 institutions own stock in it. As of 2024-06-30, the company held over 11.92 million shares (or 2.2177% of all shares), a total value of $493.89 million in shares.
The next largest institutional holding, with 4.13 million shares, is of MORGAN STANLEY’s that is approximately 0.7694% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $171.33 million.
Also, the Mutual Funds coming in first place with the largest holdings of Arcadium Lithium PLC (ALTM) shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF. Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 33.78 shares. This amounts to just over 3.14 percent of the company’s overall shares, with a $187.32 million market value. The same data shows that the other fund manager holds slightly less at 33.54, or about 3.12% of the stock, which is worth about $185.99 million.
