Arcadium Lithium PLC (NYSE:ALTM) has seen 11.34 million shares traded in the recent trading session. The company, currently valued at $5.94B, closed the recent trade at $5.53 per share which meant it lost -$0.03 on the day or -0.63% during that session. The ALTM stock price is -31.46% off its 52-week high price of $7.27 and 60.4% above the 52-week low of $2.19. If we look at the company’s 10-day average daily trading volume, we find that it stood at 69.93 million shares traded. The 3-month trading volume is 20.09 million shares.
The consensus among analysts is that Arcadium Lithium PLC (ALTM) is Hold stock at the moment, with a recommendation rating of 2.31. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.04.
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Arcadium Lithium PLC (NYSE:ALTM) trade information
Sporting -0.63% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ALTM stock price touched $5.53 or saw a rise of 0.9%. Year-to-date, Arcadium Lithium PLC shares have moved -18.87%, while the 5-day performance has seen it change 32.49%. Over the past 30 days, the shares of Arcadium Lithium PLC (NYSE:ALTM) have changed 126.43%. Short interest in the company has seen 81.37 million shares shorted with days to cover at 7.35.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -38.25% from the levels at last check today.. The projected low price target is $3.0 while the price target rests at a high of $9.0. In that case, then, we find that the latest price level in today’s session is -62.75% off the targeted high while a plunge would see the stock lose 45.75% from the levels at last check today..
Arcadium Lithium PLC (ALTM) estimates and forecasts
Figures show that Arcadium Lithium PLC shares have underperformed across the wider relevant industry. The company’s shares have gained 39.17% over the past 6 months, with this year growth rate of -88.89%, compared to 14.50% for the industry. Revenue growth from the last financial year stood is estimated to be 21.20%.
12 analysts offering their estimates for the company have set an average revenue estimate of 266.17M for the current quarter. 12 have an estimated revenue figure of 277.96M for the next ending quarter.
Earnings growth for 2024 is a modest -90.02% while over the next 5 years, the company’s earnings are expected to decrease by -12.17%.
ALTM Dividends
Arcadium Lithium PLC is expected to release its next earnings report on 2024-Aug-06 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Arcadium Lithium PLC (NYSE:ALTM)’s Major holders
Insiders own 0.12% of the company shares, while shares held by institutions stand at 18.45% with a share float percentage of 18.47%. Investors are also buoyed by the number of investors in a company, with Arcadium Lithium PLC having a total of 613.0 institutions that hold shares in the company. The top two institutional holders are BLACKSTONE INC. with over 11.92 million shares worth more than $493.89 million. As of 2024-06-30, BLACKSTONE INC. held 2.2177% of shares outstanding.
The other major institutional holder is MORGAN STANLEY, with the holding of over 4.13 million shares as of 2024-06-30. The firm’s total holdings are worth over $171.33 million and represent 0.7694% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF . As of Jun 30, 2024 , the former fund manager holds about 3.14% shares in the company for having 33.78 shares of worth $186.64 million while later fund manager owns 33.54 shares of worth $185.32 million as of Sep 30, 2024 , which makes it owner of about 3.12% of company’s outstanding stock.
