Arcadium Lithium PLC (NYSE: ALTM) is -24.96% 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 $5.16 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $5.11, the stock is -3.09% and 4.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.08 million and changing -0.97% at the moment leaves the stock 25.94% off its SMA200. ALTM registered a gain of 21.96% in past 6-months. The firm has a 50-day simple moving average (SMA 50) of $4.8192 and a 200-day simple moving average (SMA200) of $4.05655.
The stock witnessed a -6.07% loss in the last 1 month and extending the period to 3 months gives it a 108.57%, and is -3.95% 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 2.31% over the week and 1.60% over the month.
Arcadium Lithium PLC (ALTM) has around 2900 employees, a market worth around $5.50B and $900.60M in sales. Current P/E ratio is 36.87 and Fwd P/E is 33.68. Profit margin for the company is 17.22%. Distance from 52-week low is 132.91% and -29.71% 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 -91.44% 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 1.08B, and float is at 1.03B with Short Float at 4.83%. 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 sale by Antoniazzi Gilberto, the company’s CFO, VP & Treasurer. SEC filings show that Antoniazzi Gilberto sold 166,038 shares of the company’s common stock on Nov 14 ’24 at a price of $5.25 per share for a total of $0.87 million. Following the sale, the insider now owns 0.13 million shares.
Arcadium Lithium PLC disclosed in a document filed with the SEC on Nov 13 ’24 that Fochtman Barbara A (Chief Operations Officer) sold a total of 51,748 shares of the company’s common stock. The trade occurred on Nov 13 ’24 and was made at $5.26 per share for $0.27 million. Following the transaction, the insider now directly holds 0.13 million shares of the ALTM stock.
Still, SEC filings show that on Nov 13 ’24, Fochtman Barbara A (Chief Operations Officer) disposed off 9,624 shares at an average price of $5.27 for $50742.0. The insider now directly holds 0 shares of Arcadium Lithium PLC (ALTM).
