Arcadium Lithium PLC (NYSE:ALTM)’s traded shares stood at 2.17 million during the last session. At the last check today, the stock’s price was $5.51, to imply a decrease of -0.54% or -$0.03 in intraday trading. The ALTM share’s 52-week high remains $7.27, putting it -31.94% down since that peak but still an impressive 60.25% since price per share fell to its 52-week low of $2.19. The company has a valuation of $5.93B, with an average of 31.63 million shares in intraday trading volume over the past 10 days and average of 22.41 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 2.38. 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 -0.54% downside 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 -0.36%, and 112.74% over 30 days. With these gigs, the year-to-date price performance is -19.09%. Short interest in Arcadium Lithium PLC (NYSE:ALTM) saw shorts transact 81.37 million shares and set a 7.35 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 -63.34% off suggested target high and 45.55% 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 38.79% up over the last 6 months, with its year-to-date growth rate lower than industry average at -88.89% against 13.80%. 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 11 analysts is 268.59M. Meanwhile, for the current quarter, a total of 11 analyst(s) estimate revenue growth to 280.21M.
ALTM Dividends
Arcadium Lithium PLC has its next earnings report out on 2024-Nov-07. 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.
We also have Vanguard Total Stock Market Index Fund and iShares Core S&P Midcap ETF as the top two Mutual Funds with the largest holdings of the Arcadium Lithium PLC (ALTM) shares. Going by data provided on Jun 30, 2024, Vanguard Total Stock Market Index Fund holds roughly 33.78 shares. This is just over 3.14% of the total shares, with a market valuation of $185.97 million. Data from the same date shows that the other fund manager holds a little less at 33.54, or 3.12% of the shares, all valued at about 184.65 million.
