Arcadium Lithium PLC (NYSE: ALTM) on Monday, plunged -0.72% from the previous trading day, before settling in for the closing price of $2.78. Within the past 52 weeks, ALTM’s price has moved between $2.50 and $7.27.
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Annual sales at Basic Materials sector company grew by 50.98% over the past five years. The company achieved an average annual earnings per share of -89.24%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.07 billion.
Let’s look at the performance matrix of the company that is accounted for 2900 employees. In terms of profitability, gross margin is 36.64%, operating margin of 27.39%, and the pretax margin is 37.99%.
Arcadium Lithium PLC (ALTM) Insider Updates
Observing investor behavior towards Specialty Chemicals industry stocks is more important than anything else. The insider ownership of Arcadium Lithium PLC is 3.86%, while institutional ownership is 64.47%. 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 24 ’24, when Company’s Director bought 10,000 for $4.70, making the entire transaction worth $47,000. This insider now owns 55,674 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 -89.24% per share during the next fiscal year.
Arcadium Lithium PLC (NYSE: ALTM) Trading Performance Indicators
Arcadium Lithium PLC (ALTM) is currently performing well based on its current performance indicators. A quick ratio of 1.56 was reported for the most recent quarter.
Technical Analysis of Arcadium Lithium PLC (ALTM)
Arcadium Lithium PLC (NYSE: ALTM) saw its 5-day average volume 11.27 million, a negative change from its year-to-date volume of 12.46 million. As of the previous 9 days, the stock’s Stochastic %D was 59.46%. Additionally, its Average True Range was 0.17.
During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 10.53%, which indicates a significant decrease from 51.06% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 60.94% in the past 14 days, which was lower than the 62.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.16, while its 200-day Moving Average is $6.30. Nevertheless, the first resistance level for the watch stands at $2.85 in the near term. At $2.93, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.98. If the price goes on to break the first support level at $2.71, it is likely to go to the next support level at $2.66. Assuming the price breaks the second support level, the third support level stands at $2.58.
Arcadium Lithium PLC (NYSE: ALTM) Key Stats
Market capitalization of the company is 2.97 billion based on 1,075,211K outstanding shares. Right now, sales total 882,500 K and income totals 330,100 K. The company made 254,500 K in profit during its latest quarter, and 85,700 K in sales during its previous quarter.
