Arcadium Lithium PLC (NYSE:ALTM) has seen 12.09 million shares traded in the last trading session. The company, currently valued at $5.89B, closed the last trade at $5.43 per share which meant it lost -$0.01 on the day or -0.18% during that session. The ALTM stock price is -33.89% off its 52-week high price of $7.27 and 59.67% 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 18.6 million shares traded. The 3-month trading volume is 23.13 million shares.
The consensus among analysts is that Arcadium Lithium PLC (ALTM) is Hold stock at the moment, with a recommendation rating of 2.38. 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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Arcadium Lithium PLC (NYSE:ALTM) trade information
Sporting -0.18% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the ALTM stock price touched $5.43 or saw a rise of 0.91%. Year-to-date, Arcadium Lithium PLC shares have moved -20.26%, while the 5-day performance has seen it change -0.91%. Over the past 30 days, the shares of Arcadium Lithium PLC (NYSE:ALTM) have changed 76.30%. Short interest in the company has seen 75.87 million shares shorted with days to cover at 1.89.
Wall Street analysts have a consensus price target for the stock at $4, which means that the shares’ value could drop -35.75% from current levels. 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 current price level is -65.75% off the targeted high while a plunge would see the stock lose 44.75% from current levels.
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 14.08% over the past 6 months, with this year growth rate of -88.89%, compared to 15.10% for the industry.
Earnings growth for 2024 is a modest -90.12% while over the next 5 years, the company’s earnings are expected to decrease by -12.88%.
ALTM Dividends
Arcadium Lithium PLC is expected to release its next earnings report in December 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.
