Arcadium Lithium PLC (NYSE: ALTM) is -62.11% lower on its value in year-to-date trading and has touched a low of $2.19 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 $2.50 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $2.58, the stock is 3.28% and -8.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 13.6 million and changing 3.20% at the moment leaves the stock -36.09% off its SMA200. ALTM registered a loss of -38.42% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $2.799 and a 200-day simple moving average (SMA200) of $4.2931333.
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The stock witnessed a -7.19% gain in the last 1 month and extending the period to 3 months gives it a -19.12%, and is 4.45% 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 5.78% over the week and 5.06% over the month.
Fwd P/E is 11.68. Distance from 52-week low is 17.59% and -64.51% from its 52-week high.
with sales reaching $270.45M over the same period.The EPS is expected to shrink by -89.88% this year, but quarterly earnings will post 21.30% year-over-year.
Arcadium Lithium PLC (ALTM) Top Institutional Holders
613.0 institutions hold shares in Arcadium Lithium PLC (ALTM), with institutional investors hold 18.47% of the company’s shares. The shares outstanding are 1.07B, and float is at 1.03B with Short Float at 8.36%. Institutions hold 18.45% of the Float.
The top institutional shareholder in the company is BLACKSTONE INC. with over 11.92 million shares valued at $493.89 million. The investor’s holdings represent 2.2177% of the ALTM Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 4.13 million shares valued at $171.33 million to account for 0.7694 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.9 million shares representing 0.7264% and valued at over $161.77 million, while BLACKROCK INC. holds 0.6504 of the shares totaling 3.5 million with a market value of $144.84 million.
Arcadium Lithium PLC (ALTM) Insider Activity
The most recent transaction is an insider purchase by Turner John Stephen Morris, the company’s Director. 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 24 ’24 that Marcet Pablo (Director) bought a total of 10,000 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $4.70 per share for $47000.0. Following the transaction, the insider now directly holds 55674.0 shares of the ALTM stock.
Still, SEC filings show that on May 29 ’24, Marcet Pablo (Director) acquired 10,000 shares at an average price of $4.50 for $45000.0. The insider now directly holds 65,674 shares of Arcadium Lithium PLC (ALTM).
