Arcadium Lithium PLC (NYSE: ALTM) is -22.17% 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 $5.37 in the last trading session, with the day’s loss setting it -0.07%.
Currently trading at $5.30, the stock is -2.73% and 29.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.14 million and changing -1.30% at the moment leaves the stock 31.98% off its SMA200. ALTM registered a gain of 8.61% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $4.0318 and a 200-day simple moving average (SMA200) of $4.01635.
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The stock witnessed a -4.33% loss in the last 1 month and extending the period to 3 months gives it a 106.23%, and is -2.75% down 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 1.55% over the week and 1.09% over the month.
Arcadium Lithium PLC (ALTM) has around 2900 employees, a market worth around $5.70B and $900.60M in sales. Current P/E ratio is 38.24 and Fwd P/E is 33.41. Profit margin for the company is 17.22%. Distance from 52-week low is 141.57% and -27.10% from its 52-week high. The company has generated returns on investments over the last 12 months (2.29%).
The EPS is expected to shrink by -91.25% this 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 6.19%. 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
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Arcadium Lithium PLC disclosed in a document filed with the SEC on Jun 21 ’24 that Turner John Stephen Morris (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 21 ’24 and was made at $3.23 per share for $16150.0. Following the transaction, the insider now directly holds 5000.0 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).
