A new trading day began on Monday, with Arcadium Lithium PLC (NYSE: ALTM) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $2.26. ALTM’s price has ranged from $2.19 to $7.27 over the past 52 weeks.
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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 50.98%. Meanwhile, its annual earnings per share averaged -89.33%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.07 billion.
Considering the fact that the conglomerate employs 2900 people, you should pay attention to its efficiency factor. 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 Activity
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 64.64%. 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) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.34 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 -89.33% 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)
Compared to the last year’s volume of 12.33 million, its volume of 11.85 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 7.54%. Additionally, its Average True Range was 0.16.
During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 2.38%, which indicates a significant decrease from 9.48% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 68.23% in the past 14 days, which was higher than the 62.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.00, while its 200-day Moving Average is $5.79. Nevertheless, the first resistance level for the watch stands at $2.30 in the near term. At $2.34, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.37. If the price goes on to break the first support level at $2.23, it is likely to go to the next support level at $2.20. Should the price break the second support level, the third support level stands at $2.16.
Arcadium Lithium PLC (NYSE: ALTM) Key Stats
With a market capitalization of 2.43 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 254,500 K while its latest quarter income was 85,700 K.
