Arcadium Lithium PLC (NYSE: ALTM) is 11.50% higher on its value in year-to-date trading and has touched a low of $2.19 and a high of $5.73 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ALTM stock was last observed hovering at around $5.72 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $5.72, the stock is 6.84% and 8.57% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.38 million and changing 0.00% at the moment leaves the stock 38.01% off its SMA200. ALTM registered 5.54% gain for a year compared to 6-month gain of 62.96%. The firm has a 50-day simple moving average (SMA 50) of $5.263 and a 200-day simple moving average (SMA200) of $4.1378.
The stock witnessed a 13.04% loss in the last 1 month and extending the period to 3 months gives it a 3.44%, and is 0.35% 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 0.46% over the week and 1.71% over the month.
Arcadium Lithium PLC (ALTM) has around 2900 employees, a market worth around $6.15B and $900.60M in sales. Current P/E ratio is 41.27 and Fwd P/E is 46.65. Profit margin for the company is 17.22%. Distance from 52-week low is 160.71% and -0.17% 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 -92.12% 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 4.36%. Institutions hold 18.45% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 4.13 million shares valued at $171.33 million. The investor’s holdings represent 0.7694% of the ALTM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 3.9 million shares valued at $161.77 million to account for 0.7264 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.5 million shares representing 0.6504% and valued at over $144.84 million, while INVESCO LTD. holds 0.2172 of the shares totaling 1.17 million with a market value of $48.37 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).
