Arcadium Lithium PLC (ALTM) posted a 8.41% change over the last five days signaling a new trend

Arcadium Lithium PLC (NYSE: ALTM) kicked off on Monday, up 0.41% from the previous trading daybefore settling in for the closing price of $2.44. Over the past 52 weeks, ALTM has traded in a range of $2.19-$7.27.

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Basic Materials Sector giant saw their annual sales surged by 50.98% over the last five years. While this was happening, its average annual earnings per share was recorded -89.79%. With a float of $1.03 billion, this company’s outstanding shares have now reached $1.07 billion.

The firm has a total of 2900 workers. Let’s measure their productivity. 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) Breakdown of a Key Holders of the stock

Our next focus will be how large-scale investors are participating in this stock of the Specialty Chemicals Industry. The insider ownership of Arcadium Lithium PLC is 3.88%, 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) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -89.79% per share during the next fiscal year.

Arcadium Lithium PLC (NYSE: ALTM) Trading Performance Indicators

Take a look at Arcadium Lithium PLC’s (ALTM) current performance indicators. Last quarter, stock had a quick ratio of 1.56.

Technical Analysis of Arcadium Lithium PLC (ALTM)

Analysing the last 5-days average volume posted by the [Arcadium Lithium PLC, ALTM], we can find that recorded value of 9.54 million was lower than the volume posted last year of 12.25 million. As of the previous 9 days, the stock’s Stochastic %D was 50.38%. Additionally, its Average True Range was 0.16.

During the past 100 days, Arcadium Lithium PLC’s (ALTM) raw stochastic average was set at 9.22%, which indicates a significant decrease from 42.95% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 83.50% in the past 14 days, which was higher than the 67.26% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.92, while its 200-day Moving Average is $5.51. Now, the first resistance to watch is $2.49. This is followed by the second major resistance level at $2.53. The third major resistance level sits at $2.56. If the price goes on to break the first support level at $2.41, it is likely to go to the next support level at $2.38. Now, if the price goes above the second support level, the third support stands at $2.34.

Arcadium Lithium PLC (NYSE: ALTM) Key Stats

The company with the Market Capitalisation of 2.63 billion has total of 1,075,211K Shares Outstanding. Its annual sales at the moment are 882,500 K in contrast with the sum of 330,100 K annual income. Company’s last quarter sales were recorded 254,500 K and last quarter income was 85,700 K.