-34.30% percent quarterly performance for Livent Corp (LTHM) is not indicative of the underlying story

Livent Corp (NYSE: LTHM) on November 20, 2023, started off the session at the price of $13.71, soaring 5.17% from the previous trading day. During the day, the shares moved up to $14.965 and dropped to $13.70 before settling in for the closing price of $13.73. Within the past 52 weeks, LTHM’s price has moved between $12.76 and $29.71.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 25.73%. The company achieved an average annual earnings per share of 36.42%. With a float of $178.13 million, this company’s outstanding shares have now reached $179.55 million.

Considering the fact that the conglomerate employs 1350 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +51.36, operating margin of +44.04, and the pretax margin is +41.24.

Livent Corp (LTHM) Insider Activity

Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Livent Corp is 0.89%, while institutional ownership is 104.90%. The most recent insider transaction that took place on Nov 15, was worth 123,711. In this transaction Vice President and CFO of this company sold 8,603 shares at a rate of $14.38, taking the stock ownership to the 70,397 shares. Before that another transaction happened on Oct 03, when Company’s President and CEO sold 59,244 for $16.90, making the entire transaction worth $1,001,224. This insider now owns 336,418 shares in total.

Livent Corp (LTHM) Earnings and Forecasts

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.44 earnings per share (EPS) for the period falling under the consensus outlook (set at $0.46) by -$0.02. This company achieved a net margin of +33.63 while generating a return on equity of 24.44. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.43 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 36.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 30.30% during the next five years compared to 31.65% growth over the previous five years of trading.

Livent Corp (NYSE: LTHM) Trading Performance Indicators

Livent Corp (LTHM) is currently performing well based on its current performance indicators. A quick ratio of 1.99 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.82. Likewise, its price to free cash flow for the trailing twelve months is 64.40.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.79, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.76 in one year’s time.

Technical Analysis of Livent Corp (LTHM)

Compared to the last year’s volume of 3.33 million, its volume of 5.16 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.84%. Additionally, its Average True Range was 0.88.

During the past 100 days, Livent Corp’s (LTHM) raw stochastic average was set at 10.26%, which indicates a significant decrease from 60.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.98% in the past 14 days, which was higher than the 49.79% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.53, while its 200-day Moving Average is $21.91. Nevertheless, the first resistance level for the watch stands at $15.04 in the near term. At $15.63, the stock is likely to face the second major resistance level. The third major resistance level sits at $16.30. If the price goes on to break the first support level at $13.77, it is likely to go to the next support level at $13.10. Should the price break the second support level, the third support level stands at $12.51.

Livent Corp (NYSE: LTHM) Key Stats

Market capitalization of the company is 2.60 billion based on 179,729K outstanding shares. Right now, sales total 813,200 K and income totals 273,500 K. The company made 211,400 K in profit during its latest quarter, and 87,400 K in sales during its previous quarter.

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