A new trading day began on Monday, with Arcadium Lithium PLC (NYSE: ALTM) stock price down -4.30% from the previous day of trading, before settling in for the closing price of $2.79. ALTM’s price has ranged from $2.50 to $7.27 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Basic Materials sector saw sales topped by 50.98%. Meanwhile, its annual earnings per share averaged -89.61%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.07 billion.
The extent of productivity of a business whose workforce counts for 2900 workers is very important to gauge.
Arcadium Lithium PLC (ALTM) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Specialty Chemicals Industry. The insider ownership of Arcadium Lithium PLC is 3.86%, while institutional ownership is 62.37%. The most recent insider transaction that took place on Jun 21 ’24, was worth 16,150. In this transaction Director of this company bought 5,000 shares at a rate of $3.23, taking the stock ownership to the 5,000 shares. Before that another transaction happened on May 29 ’24, when Company’s Director bought 10,000 for $4.50, making the entire transaction worth $45,000. This insider now owns 65,674 shares in total.
Arcadium Lithium PLC (ALTM) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -89.61% per share during the next fiscal year.
Arcadium Lithium PLC (NYSE: ALTM) Trading Performance Indicators
Here are Arcadium Lithium PLC’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.56.
Technical Analysis of Arcadium Lithium PLC (ALTM)
The latest stats from [Arcadium Lithium PLC, ALTM] show that its last 5-days average volume of 13.16 million was superior to 12.55 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 28.84%. Additionally, its Average True Range was 0.20.
During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 6.88%, which indicates a significant decrease from 17.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.86% in the past 14 days, which was higher than the 63.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.44, while its 200-day Moving Average is $6.91. Now, the first resistance to watch is $2.77. This is followed by the second major resistance level at $2.86. The third major resistance level sits at $2.93. If the price goes on to break the first support level at $2.61, it is likely to go to the next support level at $2.54. Assuming the price breaks the second support level, the third support level stands at $2.45.
Arcadium Lithium PLC (NYSE: ALTM) Key Stats
With a market capitalization of 2.87 billion, the company has a total of 1,075,211K Shares Outstanding. Currently, annual sales are 882,500 K while annual income is 330,100 K. The company’s previous quarter sales were 261,200 K while its latest quarter income was 15,600 K.
