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Why should you keep an eye on Arcadium Lithium PLC (ALTM)?

Arcadium Lithium PLC (NYSE: ALTM) is -51.98% lower on its value in year-to-date trading and has touched a low of $3.10 and a high of $7.27 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ALTM stock was last observed hovering at around $3.39 in the last trading session, with the day’s loss setting it -0.12%.

Currently trading at $3.27, the stock is -6.34% and -20.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.24 million and changing -3.54% at the moment leaves the stock -27.89% off its SMA200. ALTM registered a loss of -54.01% in past 6-months.

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The stock witnessed a -23.60% gain in the last 1 month and extending the period to 3 months gives it a -26.52%, and is 0.31% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.60% over the week and 5.76% over the month.

Fwd P/E is 9.69. Distance from 52-week low is 5.48% and -55.02% from its 52-week high.

The EPS is expected to shrink by -88.40% this year.

Arcadium Lithium PLC (ALTM) Top Institutional Holders

The shares outstanding are 1.07B, and float is at 1.07B with Short Float at 7.11%.

Arcadium Lithium PLC (ALTM) Insider Activity

The most recent transaction is an insider purchase by Turner John Stephen Morris,the company’sDirector. SEC filings show that Turner John Stephen Morris bought 5,000 shares of the company’s common stock on Jun 21 ’24 at a price of $3.23 per share for a total of $16150.0. Following the purchase, the insider now owns 5000.0 shares.

Arcadium Lithium PLC disclosed in a document filed with the SEC on May 29 ’24 that Marcet Pablo (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on May 29 ’24 and was made at $4.50 per share for $45000.0. Following the transaction, the insider now directly holds 65674.0 shares of the ALTM stock.

Still, SEC filings show that on May 24 ’24, Marcet Pablo (Director) acquired 10,000 shares at an average price of $4.70 for $47000.0. The insider now directly holds 55,674 shares of Arcadium Lithium PLC (ALTM).

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