During the last session, Arcadium Lithium PLC (NYSE:ALTM)’s traded shares were 18.14 million. At the end of the trading day, the stock’s price was $5.35, reflecting an intraday loss of -1.47% or -$0.08. The 52-week high for the ALTM share is $7.27, that puts it down -35.89 from that peak though still a striking 59.07% gain since the share price plummeted to a 52-week low of $2.19. The company’s market capitalization is $5.75B, and the average intraday trading volume over the past 10 days was 20.79 million shares, and the average trade volume was 23.07 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 2.38. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.04.
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Arcadium Lithium PLC (NYSE:ALTM) trade information
Arcadium Lithium PLC (ALTM) registered a -1.47% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.47% in intraday trading to $5.35, hitting a weekly high. The stock’s 5-day price performance is -3.43%, and it has moved by 88.38% in 30 days. The short interest in Arcadium Lithium PLC (NYSE:ALTM) is 75.87 million shares and it means that shorts have 1.89 day(s) to cover.
The consensus price target of analysts on Wall Street is $4, which implies a decrease of -33.75% 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 -68.22% off the target high and 43.93% 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 17.58% during the last six months, with a year-to-date growth rate less than the industry average at -88.89% against 13.80. In the rating firms’ projections, revenue will increase 21.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 268.59M as predicted by 11 analyst(s). Meanwhile, a consensus of 11 analyst(s) estimates revenue growth to 280.21M by the end of current fiscal year.
While earnings are projected to return -90.12% in 2024, the next five years will return -12.88% per annum.
ALTM Dividends
Arcadium Lithium PLC is due to release its next quarterly earnings in November. 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.
