In recent trading session, Arcadium Lithium PLC (NYSE:ALTM) saw 8.51 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $5.36 trading at -$0.02 or -0.44% at last check today assigns it a market valuation of $5.76B. That most recent trading price of ALTM’s stock is at a discount of -35.63% from its 52-week high price of $7.27 and is indicating a premium of 59.14% from its 52-week low price of $2.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 14.21 million shares which gives us an average trading volume of 22.64 million if we extend that period to 3-months.
For Arcadium Lithium PLC (ALTM), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.38. Splitting up the data highlights that, out of 5 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.03 in the current quarter.
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Arcadium Lithium PLC (NYSE:ALTM) trade information
Upright in the red during last session for losing -0.44%, in the last five days ALTM remained trading in the red while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $5.36 price level, adding 2.01% to its value on the day. Arcadium Lithium PLC’s shares saw a change of -21.35% in year-to-date performance and have moved -1.54% in past 5-day. Arcadium Lithium PLC (NYSE:ALTM) showed a performance of -3.14% in past 30-days. Number of shares sold short was 75.87 million shares which calculate 1.89 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 4 to the stock, which implies a fall of -34.0% to its recent value today. Analysts have been projecting 3 as a low price target for the stock while placing it at a high target of 9. It follows that stock’s current price would jump 44.03% in reaching the projected high whereas dropping to the targeted low would mean a gain of 44.03% for stock’s current value.
Arcadium Lithium PLC (ALTM) estimates and forecasts
Statistics highlight that Arcadium Lithium PLC is scoring comparatively lower than the scores of other players of the relevant industry. The company added 15.19% of value to its shares in past 6 months, showing an annual growth rate of -88.89% while that of industry is 15.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 20.70% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 280.21M for the same. And 8 analysts are in estimates of company making revenue of 288.58M in the next quarter. Company posted 181.8M and 261.2M of sales in current and next quarters respectively a year earlier.
In 2024, company’s earnings growth rate is likely to be around -90.80% while estimates for its earnings growth in next 5 years are of -12.88%.
Arcadium Lithium PLC (NYSE:ALTM)’s Major holders
Insiders are in possession of 0.12% of company’s total shares while institution are holding 18.45 percent of that, with stock having share float percentage of 18.47%. Investors also watch the number of corporate investors in a company very closely, which is 18.45% institutions for Arcadium Lithium PLC that are currently holding shares of the company. BLACKSTONE INC. is the top institutional holder at ALTM for having 11.92 million shares of worth $493.89 million. And as of 2024-06-30, it was holding 2.2177 of the company’s outstanding shares.
The second largest institutional holder is MORGAN STANLEY, which was holding about 4.13 million shares on 2024-06-30. The number of shares represents firm’s hold over 0.7694 of outstanding shares, having a total worth of $171.33 million.
